The California Franchise Tax Board will conduct two interested parties meetings over the next few weeks to discuss proposed regulations addressing the single sales factor election and market sourcing rules that will become effective January 1, 2011. The meetings are intended to allow for public input on the content of the proposed regulations on these issues. Because both the single sales factor election and market sourcing rules establish new taxing positions for California, there is expected to be much discussion and debate on how these provisions are applied. The interested parties meetings will be held on January 28 (single sales factor) and February 10 (market sourcing).