Which of the Following Is Not Immune from State Income

question 7

Multiple Choice

Which of the following is not immune from state income taxation,even if P.L.86-272 is in effect?

• A)Sale of a share of corporate stock.
• B)Sale of office equipment that constitutes inventory to the purchaser.
• C)Sale of office equipment to be used in the taxpayer's business.
• D)All of the above are protected by P.L.86-272 immunity provisions.

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