Council On State Taxation – Current Projects
NEWS & INSIGHTS Council on State Taxation – The Latest Updates The Council on State Taxation (COST) continues to serve as a key advocate for fair and efficient state and local tax policies across the United States. The February 2025 report, prepared by Senior Tax Counsel Fred Nicely, highlights COST’s latest initiatives, advocacy efforts, and […]
State Tax Incentives – Business, Festivals, and Overtime Pay
NEWS & INSIGHTS State Tax Incentives – States Target Business, Festivals, and Overtime Pay State tax incentives remain a critical component of economic development strategies across the United States. Various states have introduced modifications to existing tax programs and unveiled new incentives to attract businesses, encourage investments, and promote job creation. The following is a […]
Trust & Estates and Personal Income Tax – SALT Update February 2025
NEWS & INSIGHTS Trusts and Estates and Personal Income State and Local Tax Update 2025 The landscape of trusts, estates, and personal income taxation continues to evolve as states grapple with high-earner tax policies, inheritance tax reforms, and estate tax exemptions. Several recent legislative proposals, judicial decisions, and revenue trends highlight the growing complexity of […]
Federal Tax Administrators Report February 2025
NEWS & INSIGHTS Federation of Tax Administrators (FTA) Report: Updates on State Tax Administration and Compliance The Federation of Tax Administrators (FTA) plays a critical role in coordinating and informing state tax agencies on emerging policy, administrative challenges, and enforcement strategies. In its latest committee report, the FTA highlighted key activities, including updates on state […]
State Taxation of Pass-Through Entities: 2025 Update
NEWS & INSIGHTS State Taxation of Pass-Through Entities: 2025 ABA Update Pass-through entities (PTEs) have long been a critical component of the U.S. tax system, providing business owners with flexibility in structuring their tax liabilities. However, recent state-level legislative and administrative changes, as well as federal developments, continue to shape the taxation of these entities. […]
The Future of State Taxation of Digital Products: Insights from the MTC Project
NEWS & INSIGHTS MTC State Taxation of Digital Products: What’s The Next Evolution of State Tax on Emerging Technolgoies? The rapid evolution of the digital economy has posed significant challenges for state tax authorities in determining how to effectively tax digital products and services. The Multistate Tax Commission (MTC) continues to spearhead efforts to […]
Sourcing Services: How Does Florida’s COP Chaos Compare to Other States?
NEWS & INSIGHTS Sourcing Services in Florida: How Does Florida Compare to Other States? The Cost-of-Performance Rule The taxation of service revenue has long been a complex issue for states imposing corporate income tax. Traditionally, states followed the cost-of-performance (COP) rule, which sources revenue from services based on where the greatest proportion of the income-producing […]
