State Tax Headlines

Pennsylvania’s net loss carryover (NLC) flat deduction cap was severed from the Pennsylvania tax code for 2001 and 2006. There were two separate cases brought…

Effective for tax years beginning after 2019, a corporation must use market-based sourcing rules to: apportion income from sales to North Carolina and other states…

Since President Trump announced that he had changed his residence to Florida, there has been increased interest in the idea of switching from a high-tax…

What is the current state of cannabis taxation in California? State cannabis taxes contribute to California’s economy, the 5th largest in the world. So how…

In 2019, the Colorado income tax rate will be reduced from 4.63% to 4.50%. This temporary rate reduction is permitted under the Taxpayer’s Bill of…

Massachusetts amended its rules on corporate excise tax nexus. The rules explain the standards Massachusetts follows when exercising tax jurisdiction over corporations doing business in…

States have been slow to adopt the qualified business income deduction, also known as the pass-through income deduction. Only a handful of states allow individuals,…

States that use third-parties to audit unclaimed property liability may want to take note of Univer v. Geisenberger, et al., (C.A. No. 18-1909 (MN), Sep. 17,…

Florida law provides automatic corporate income tax rate reductions and refunds based on collections for the tax. The Florida Department of Revenue recently announced a…