States currently face the largest budget deficits in history and in the wake of these budget gaps, many state have turned to changes in their state tax laws to boost the state’s fiscal health. In their column in the Journal of State Taxation, Maryann B. Gall, Laura A. Kulwicki and Allison Haedt discuss such efforts in Colorado and California.
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This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.
Read this article from CCH’s Journal of Taxation of Financial Products