Upcoming National Meeting

2021 Property Tax Webinar

COST’s Annual Property Tax Workshop will provide registrants with the latest information on pressing property tax issues, will have an industry-only Audit Session, and an Ask the Experts Session.

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Newsletters & Media

Cost Conscious

ISSUE 21-18; September 10, 2021

Partnership Withholding – States require flow-through entities (partnerships/S-Corps/LLCs) to withhold income tax for non-resident partners. This requirement can cause a significant administrative burden for tiered partnership structures, where each flow-through entity may be required to withhold and remit taxes. Non-resident partners are then subject to additional filing requirements to receive a


Bloomberg TAX

Trump CFO Could Be ‘Collateral Damage’ in N.Y. Case, Lawyer Says

September 20, 2021

Longtime Trump Organization Chief Financial Officer Allen Weisselberg’s legal team complained that he risked becoming “collateral damage” in what they said was a still-growing tax-fraud prosecution that was likely to see additional defendants.

Debt Limit Linked to Vital Spending Bill in Risky Political Move

September 20, 2021

House Democrats will include a suspension of the U.S. debt ceiling in a must-pass spending bill needed to keep the government open past the end of this month, a risky move that assures a potentially damaging showdown with Republicans.

New Jersey Assessor Can Testify on Taxpayer Behalf, Court Says

September 20, 2021

Tax assessors are not prohibited from testifying as expert witnesses on behalf of taxpayers outside of their municipalities, a New Jersey court has ruled.

Chile Moves to Reimpose Tax on Trading Profits After 20 Years

September 20, 2021

Chile’s government plans to remove a series of tax exemptions, including one on securities trading, to help finance an increase in pensions for the poor.

Government Funding, Debt Ceiling Bills Remain Under Wraps

September 20, 2021

Democrats continued to wrestle Monday over details of a stopgap spending bill to keep government operating after Sept. 30, delaying the expected release of the bill that could serve as a vehicle to raise or suspend the federal debt ceiling.

Chile to End Tax Exemptions to Fund New Pension Bill: Pinera

September 20, 2021

Chile’s government plans to end or reduce several tax exemptions to fund its new pension reform bill, President Sebastian Pinera said in an address via his Twitter account. 

Chicago Mayor Proposes $16.7B 2022 Budget with Federal Aid (1)

September 20, 2021

(Updates with total budget figures in first paragraph) 

Carried-Interest Plan in House Seen Harsher Than First Thought

September 20, 2021

House Democrats’ plan to limit a favorite tax break for private equity -- but not do away with it entirely as President Joe Biden had proposed -- is more restrictive than it first appeared, according to investment advisers and attorneys who’ve examined the details of the proposal.

IRS Large Business Division Meeting Hiring Goals, Unit Head Says

September 20, 2021

The IRS is meeting its staffing goals that will allow it to ramp up enforcement and oversight of multinationals in its Large Business & International Division.

IRS Sent More Than 1 Million Incorrect Notices During Pandemic

September 20, 2021

The IRS sent more than 1 million notices with incorrect due dates about tax payments during the pandemic, according to the agency's watchdog.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Rockey and Linda Piazza and Paul Dennucci, as Assignees of Best Buy Stores, Inc. v. Glenn Hegar

On June 2, COST filed a joinder to an amicus brief of the Texas Retailers Association and the National Retail Federation filed in support of the taxpayers’ Motion for Reconsideration.

COST - Council on State Taxation

COST Studies, Articles & Reports

Convergence and Divergence of Global and U.S. Tax Policies (Tax Notes State, Volume 101, p. 937-976)

In this article, COST’s Karl Frieden and EY’s Barbara Angus describe the unprecedented convergence of international, federal, and state tax policies represented by the OECD/G-20 pillar 1 and 2 proposals; the importance of approaching U.S. tax policy from the perspective of aggregate federal and state tax impacts; and the potential risk of divergence between U.S. and global income tax rules that co

COST - Council on State Taxation

COST Comments & Testimony

Testimony on H.B. 3006, Sales Tax and SSUTA

COST comments urging Alaska to impose central administration of the state and local jurisdictions’ sales and use tax along with joining the SSUTA. COST also strongly recommends that H.B. 3006 be amended to include a clear exemption for business inputs, including services purchased by businesses.