Friday, September 16, 2011

State Tax Alerts - This Week's Stories Worth a Second Look

Rusty Little

In case you missed them, the following is a summary of a few key state tax developments, news articles, and observations during the past week:

  • Media continues to misinterpret the saga by depicting the issue as a "loophole" as if abiding by the U.S. Constitution and U.S. Supreme Court decisions is now an aggregious tax strategy.
  • SALT To Taste - Well Done New Jersey! - from DLP
  • Wal-Mart and - Strange Bedfellows?? - from DLP blog at
  • Social Media for Tax Professionals: Is It Time for Firms to Kick the Tires? - DLP article in BNA Tax Management Weekly State Tax Report
  • Blog post from TEI summarizing the release of the Congressional Budget Office's cost estimate to the states of the Business Activity Tax Simplification Act of 2011 ("BATSA"). Approximately $2 billion in the first year - read more here
  • Council on State Taxation files amicus brief in the Washington Supreme Court arguing that a 24-year retroactive period is unconstitutional - pdf copy of the brief here
  • One state's Chamber of Commerce's take on corporate tax rates - “Illinois should never have a higher corporate tax rate than our neighboring states”

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