Upcoming National Meeting

SALT Year-End Tax Accounting Class

A virtual state income tax accounting technical session just in time for preparation of the year-end multistate tax accounting provision and related income tax footnote, with a particular focus on multistate tax issues, coordination, and planning activities at year-end close.

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Newsletters & Media

Cost Conscious

ISSUE 22-23; November 18, 2022

Managing Return Filing in States with the Same Federal Tax Return Deadline – Approximately one-third of the states require the filing of state corporate income tax returns on the same extended due date of the federal return (October 15 for calendar year returns), or less than one month (e.g., Hawaii). This problem is compounded by the impact of the pandemic and continued complexities arising from

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Bloomberg TAX

House to Move Fast to Avert Rail Strike Despite Objections (2)

November 29, 2022

The House plans to take up legislation on Wednesday to prevent a strike by freight-rail workers, and prospects were brightening for quick action in the Senate despite resistance from a few Republicans and progressive Democrats. 

Taiwan Warns of Hit to Its Exports from US Chip Restrictions

November 29, 2022

Taiwan’s semiconductor industry may be impacted by recent US moves to reduce reliance on the island’s leading-edge technology, according to a Taiwanese economic official. 

Federal Judge Hesitant to Proceed on Maryland Digital Tax Issues

November 29, 2022

A federal judge raised concerns Tuesday about whether she should allow tech companies' challenge to Maryland’s controversial digital-advertising tax to proceed after a state court struck down the tax as unconstitutional.

UK Labour Sees £17 Billion Hole in Sunak’s Energy Windfall Tax

November 29, 2022

Rishi Sunak’s UK government could raise another £16.8 billion ($20.2 billion) from its windfall tax on energy companies if ministers closed loopholes in the levy and applied it to a longer period of time, the opposition Labour Party said.

Tax Court Unanimously Rules Main Petition Deadline Is Strict

November 29, 2022

The deadline to challenge IRS tax bills at the US Tax Court can't be extended, even in special circumstances, the court ruled Tuesday.

Texas Bill Would Cut Tax Breaks for Firms That Fund Abortion (1)

November 29, 2022

A bill proposed by a Texas lawmaker would prohibit businesses from receiving tax subsidies if they assist local employees in getting abortions outside the state.

IRS Lays Out Labor Rules for Clean Energy Tax Credits (1)

November 29, 2022

New IRS and Treasury guidance gives the clean energy industry more details on how developers and investors can meet the prevailing wage and apprenticeship requirements outlined in the tax-and-climate law.

Tax and Climate Guidance Pushes Back Other Rules, Treasury Says

November 29, 2022

The Treasury Department’s need to produce guidance on implementing the provisions of President Joe Biden’s tax-and-climate law has delayed some of the department’s other rulemaking projects, a Treasury official said Tuesday.

OECD to Address Minimum Tax Simplification, Credit Issues

November 29, 2022

The OECD will soon provide more details on safe harbors that could make minimum tax calculations simpler for companies, a senior official said Tuesday.

Canada Looking to Spring for Budget Tax Changes, Official Says

November 29, 2022

Canada hopes to move forward with tax law changes in the first half of next year after it held a public comment period for the proposals this summer, a federal official said Tuesday.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

COST - Council on State Taxation

COST Studies, Articles & Reports

2022 State and Local Amnesty Programs

Tracker of most state and local tax amnesty programs enacted and conducted in 2022.

COST - Council on State Taxation

COST Comments & Testimony

Comments on Proposed Rules on State Corporate Income Tax Filing Extensions

COST filed comments suggesting improvements to provide clarification in Louisiana’s proposed rules on corporate income tax filing extensions.