In this episode of the SALTovation podcast, we speak with Brian Hamer, who serves as counsel at the Multistate Tax Commission, about the revisions made to the Statement of Information concerning the practices of Public Law 86-272. In this first part of a two-part series, Brian discusses the history of this law. He also explores the new changes and what it means to businesses and states in the future. Questions asked and answered in this Episode:What was updated in the statute to address modern business activities?Why is there such interest in this process?What are some of the big revisions to the Statement of Information? What You Will Discover:[01:21] What was updated in the statute[03:30] Some flaws in the statute[06:36] The Statement of Information[09:39] Some of the the big revisions[12:50] The thinking behind the 11 scenarios Quotables: “But this whole process has been the subject of much attention. It’s really kind of a fascinating thing.” - Brian Hamer [08:54]“I would say that the most consequential revision relates to how the statute applies to business activities conducted via the internet.” - Brian Hamer [10:18]“The members of the work group were not required to explain their thinking, but there were a couple of themes that definitely came out over the course of the discussion, the kind of considerations that motivated the ultimate decision.” - Brian Hamer [13:43] Relevant Links:The Multistate Tax Commission: https://www.mtc.govMultistate Tax Commission with Helen Hecht: taxops.com/multistate-tax-commission-with-helen-hechtBrian Hamber on LinkedIn: linkedin.com/in/brian-hamer-528b67b4Subscribe on your favorite podcast app:https://saltovation.captivate.fm/listenhttps://linktr.ee/taxops Follow Us on Socialshttps://www.linkedin.com/company/taxops-llchttps://www.youtube.com/channel/UCMB1ZQNGXM_F777SIEl8Vjw Talk To A Tax Advocate TodayTaxOps Website: https://taxops.com/contact/Production SupportThis episode was produced with support from Truth Work Media. www.truthworkmedia.comMentioned in this episode:SALT ContactSALT Contact

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