MultiTax Commission

An intergovernmental state tax agency whose mission is to promote uniform and consistent tax policy and administration among the states, assist taxpayers in achieving compliance with existing tax laws, and advocate for state and local sovereignty in the development of tax policy.

Model Statutes for Reportable Transactions & State Filing Positions and a Related Voluntary Compliance Program

Adopted in 2006, these  models promote corporate income tax compliance by requiring taxpayers and advisors to disclose reportable transactions and provide for a voluntary compliance program with respect to those transactions. Penalties are imposed for failures to disclose and relief is given under the voluntary program. The models follow existing federal law on reportable transactions with modifications where necessary to reflect state tax law.

Adopted Models

Model Statute on Disclosure of Reportable Transactions (PDF)

Model Statute for Tax Avoidance Transaction Voluntary Compliance Program (PDF)

Document Library

Memo to Commission (PDF)

Final Hearing Officer Report (PDF)

Preliminary Hearing Officer Report (PDF)