Hi,
I have a question about corporate taxes for businesses which operate in several states. I know that in general a company needs to pay taxes in the states in which it generates its income, but what qualifies as generating income?

For example, if there is a company producing widgets with all of its manufacturing and operations in New Jersey, but they sell a portion of the products in New York, does this mean that New York state would be able to collect corporate tax on a portion of the company's earnings even though there is no physical presence in New York?

Any guidance would be helpful.

Thanks!