Upcoming National Meeting

2022 Sales Tax Conference & Audit Session

Two and a half day conference featuring presentations on the most recent transactional tax developments, initiatives and case law topics. The conference is targeted to sales and use tax professionals at all levels of experience. Includes breakouts that are specific in-depth discussions for maximum coverage of timely sales and use tax issues and transactional tax audit sessions – providing an exc

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Newsletters & Media

Cost Conscious

ISSUE 22-01; January 14, 2022

COST Member Legislative and Policy Priorities Part II – In Part I of this series, we inquired about the importance of certain state tax issues to our members. As this year’s state legislative sessions begin, in Part II of this series, we would like to better understand which of COST's Proactive Legislative Initiatives are most important to your company.

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Bloomberg TAX

Sanders: Glad to Hear SALT Change No Longer in Economic Plan (1)

January 26, 2022

(Updates with Senator Bob Menendez saying SALT remains a priority in third bullet.)

Congress Asks IRS to Stop Fines for Taxpayers Caught in Backlog

January 26, 2022

The Internal Revenue Service is under pressure from a large group of lawmakers to stop penalties and pause automated collections from taxpayers whose returns have been caught in processing backlog.

Final Act Triggers Clock for Prosecuting Tax Assessment Evasion

January 26, 2022

A federal appeals court clarified that the six-year clock for prosecutors to bring a case against a defendant for evading tax assessment begins with the final act that was necessary for committing the offense.

IRS Mum on Penalty Relief Request Amid Difficult Tax Season (1)

January 26, 2022

The IRS has been quiet in response to calls from a coalition of diverse tax-preparer organizations to provide penalty relief for taxpayers.

PPP Rules Barring Strip Clubs Likely Don’t Violate Free Speech

January 26, 2022

Small Business Administration rules barring strip clubs from receiving government-backed pandemic relief loans likely don't violate First Amendment free speech protections, a Seventh Circuit panel ruled in overturning a lower court's injunction.

Hoboken Balks at $241 Million School With Its Own Ice Rink

January 26, 2022

Hoboken voters sent a clear message that a $241 million school-construction proposal was excessive, rejecting a tax hike as the Board of Education’s solution for the New Jersey city’s swelling population.

BTAX OnPoint: Treasury Proposes Passive Foreign Investment Regs

January 26, 2022

The Treasury Department issued proposed regulations relating to passive foreign investment companies (PFICs). The agency published the guidance (REG-118250-20) on Jan. 25.

Biden Rounds Up Corporate Endorsements for Stalled Economic Plan

January 26, 2022

President Joe Biden on Wednesday sought to revive his stalled economic plan, Build Back Better, hosting corporate executives at the White House who support the legislation.

Third Round of Stimulus Checks Fully Paid Out, IRS Says

January 26, 2022

The IRS announced Wednesday that it is done distributing economic impact payments of up to $1,400 a person, the third round of stimulus money sent out since the beginning of the Covid-19 pandemic.

Buyer of NFL’s Broncos Could Write Off $3 Billion, Sportico Says

January 26, 2022

Whoever buys the NFL’s Denver Broncos in what’s expected to be the most expensive team sale in U.S. sports history is in line for a tax write-off that could total as much as $3 billion, according to Sportico.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Ferrellgas Partners, L.P., v. Director, Division of Taxation

COST’s amicus brief asks the U.S. Supreme Court to review a New Jersey appellate court decision that the State was not required to apportion a partnership filing fee. The brief points out the states’ inconsistent determinations over whether a “fee” is subject to Commerce Clause scrutiny stems from two prior U.S. Supreme Court cases and clarification is needed from the Court when fees not related t

COST - Council on State Taxation

COST Studies, Articles & Reports

A Global Perspective on U.S. State Sales Tax Systems as a Revenue Source: Inefficient, Ineffective, and Obsolete

The study provides an international perspective on U.S. state and local sales tax systems through a comparison to the primary general consumption taxes in the European Union (the Value-Added Tax (VAT)) and Canada (the Goods and Services Tax/Harmonized Sales Tax (GST/HST) and a few provincial sales taxes).

COST - Council on State Taxation

COST Comments & Testimony

Testimony in Support of S.B. 435 - Removing NOLD Double Apportionment

COST supports New Hampshire Senate Bill 435, which proposes to eliminate the “double apportionment” of net operating loss deductions (NOLDs) for purposes of the Business Profits Tax.