Upcoming National Meeting

2025 Spring Conference / Audit Session

This Spring Conference/Audit Session will bring multistate tax professionals, with various levels of experience in state and local income/franchise taxes and sales/use taxes together in an environment that allows for extensive interaction and exchange of information as well as updates on key SALT issues and insights regarding state tax trends and opportunities. The program is targeted to all level

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Newsletters & Media

Legislative Alert

ISSUE 25-05; February 4, 2025

Idaho Bill Proposes Automatic Seven-Month Filing Extension for Income Taxes; North Carolina Issues Guidance on New Automatic Seven-Month Corporate Filing Extension

Cost Conscious

ISSUE 25-2; January 31, 2025

Virginia Net Operating Loss Calculations – COST has heard from several members that the Virginia net operating loss (NOL) calculations are complex and burdensome. In response, we have reached out to the Virginia Department of Taxation (Department) whose staff have expressed a willingness to address the issue and make any necessary regulatory changes. Concurrently, legislation has been introduced (

Twitter

Bloomberg TAX

IRS, DOJ Hires With Rescinded Jobs Get Aid From Ex-Officials

February 10, 2025

Attorneys and law students who have had their job offers rescinded by the Treasury and the Justice Department's Tax Division are getting help finding employment from a group representing law firms, accounting firms, nonprofits, and private companies.

Morocco Needs to Widen Tax Base, Cut Spending to Boost Jobs: IMF

February 10, 2025

Morocco needs to further widen the tax base and curb spending to help continue financing structural reforms, the International Monetary Fund says after concluding Article IV Consultation.

Group Asks UK Treasury to Invest in Tax Office Service Reforms

February 10, 2025

The UK Treasury needs to invest more to help improve the tax authority’s customer and digital services, according to a body representing tax advisers.

Skadden Recruits Loren Ponds as Tax Group Partner in Washington

February 10, 2025

Loren Ponds joined Skadden as a partner in its tax group in Washington, the firm announced Monday.

Brazil Mulls Big-Tech Tax in Possible Response to Trump: Folha

February 10, 2025

Brazil is considering raising taxes on tech companies if US President Donald Trump goes ahead with a plan to raise tariffs on steel and aluminum, which would see Brazil as one of the main countries affected, Folha reports citing an unnamed government official.

Record India Tax Cuts to Lift Growth by Just 20bps, Study Shows

February 10, 2025

India’s record tax cuts are expected to give only a limited boost to economic growth as consumers use the savings to cut back on their debt and the government curbs spending, according to an analysis by Motilal Oswal Financial Services Ltd.

Australian Senate Passes Green Tax Credits Bill

February 10, 2025

Australia’s plan to provide generous tax credits for new critical minerals and green hydrogen projects took a big step forward after Senate passed a treasury bill on Monday.

Canada to Get Billions From Tax Change That Didn’t Happen

February 10, 2025

A tax increase that’s unlikely to ever become law has nonetheless earned the Canadian government billions of dollars in additional tax revenue after some people and businesses rushed asset sales to get ahead of it. 

GOP Super Bowl of tax and budget pits House v. Senate

February 10, 2025

House lawmakers want to mark up a budget resolution this week, the first formal step necessary for Republicans to pass a tax-and-spending bill this year without Democratic votes.

Energy Credit Buyers Commit to 2025 Bids Amid Policy Uncertainty

February 10, 2025

Buyers of energy tax credits are committing to future purchases, despite fear the Republican-controlled Congress could roll back some of the credits.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Amazon Services LLC v. Department of Revenue

On November 19 COST filed a motion for leave to file an amicus brief at the South Carolina Supreme Court in support of Amazon Services LLC. Amazon Services LLC v. Department of Revenue. The Court of Appeals held that the Amazon. Services was in the business of selling tangible personal property and thus responsible for collecting and remitting sales tax on third-party sales made from the Amazon m

COST - Council on State Taxation

COST Studies, Articles & Reports

FY23 State And Local Business Tax Burden Study

The Council On State Taxation (COST) and the State Tax Research Institute (STRI) are pleased to announce the release of our 22nd annual study of state and local business taxes. The report, “Total State and Local Business Taxes: State-by-State Estimates for Fiscal Year 2023,” prepared by Ernst & Young LLP, shows all state and local business taxes paid in each of the 50 states and the District of Co

COST - Council on State Taxation

COST Comments & Testimony

Testimony in Support of Virginia House Bill 2681 - NOL Calculation

On January 28, COST testified in support of H.B. 2681, which would direct the Virginia Department of Taxation to study and recommend improvements to NOL calculation requirements.