Upcoming National Meeting

2023 Income Tax Conference & Spring Audit Session

Two and a half day conference combining technical and policy presentations from seasoned professionals focusing on current income and franchise tax issues. In addition, COST’s primary audit session will take place, where current audit information on all 50 states is shared among the membership. The conference is targeted to income and franchise tax professionals at all levels of experience.

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Newsletters & Media

Legislative Alert

ISSUE 23-14; March 28, 2023

COST Opposes Minnesota Legislation Imposing Delivery Fee Imposition; COST Opposes Rhode Island Legislation Requiring 48-Hour Remittance of Tax Payments Collected by Credit Card Companies

Cost Conscious

ISSUE 23-06; March 24, 2023

Treasury Offset Program – Over the last few years, members have shared the difficulties they have encountered when states offset tax liabilities with amounts due from the federal government to the taxpayer through the federal Treasury Offset Program (TOP), particularly its State Reciprocal Program. COST is gauging whether members continue to face issues with TOP. Which of the following best descr


Bloomberg TAX

Brazil’s Transfer Pricing Reform Measure Passes Lower House

March 30, 2023

Brazil's Chamber of Deputies approved a measure Thursday to overhaul its transfer pricing system, moving a step closer to final passage.

Canada Bank Seeks Millions in Sales Taxes It Says Paid in Error

March 30, 2023

The Canadian Imperial Bank of Commerce asked a court to strike down a ruling on Thursday that blocks the bank from collecting over C$22 million ($16.2 million) in sales tax rebates stemming from a contract dispute with supermarket giant Loblaw Companies Ltd.

Brazil’s New Fiscal Plan Is Cautiously Welcomed by Markets (1)

March 30, 2023

Brazil is proposing small but growing primary budget surpluses as part of a much-awaited fiscal plan whose success largely depends on an expansion of public revenue — either through growth or higher taxes.

New Jersey Taxpayer Off the Hook for Tax on Partnership Gain

March 30, 2023

The New Jersey Division of Taxation improperly taxed $2.3 million that a bankrupt limited liability company allocated to an individual member of the partnership, the state tax court ruled.

New York Budget Negotiations to Blow Past April 1 Deadline

March 30, 2023

Gov. Kathy Hochul’s negotiations with her fellow Democratic legislators are expected to continue after the deadline for the new fiscal year to begin. Talks about the proposed $227 billion budget are largely being held up by Hochul's plan to increase housing and her push to change the bail law, legislative leaders said Thursday. If the budget or an extension bill isn’t passed by end of day Monday, paychecks for state workers could be delayed, according to the state Comptroller’s Office.

Treasury Coffers Hit Lowest Since 2021 Under Debt Cap’s Shadow

March 30, 2023

Treasury’s cash balance dropped to the lowest level since 2021, hampering its ability to keep funds on hand to meet weekly spending goals, as the government disburses tax refunds and limits bill issuance to remain under the debt ceiling. 

New York Couple’s Empire Zone Tax Credit Was Properly Reduced

March 30, 2023

New York's tax division correctly decreased a couple's qualified empire zone enterprise tax reduction credit, a state tribunal ruled.

Australia Begins ’Targeted’ Consultation on Crypto Tax Guidance

March 30, 2023

The Australian Taxation Office has begun what it described as a “targeted” search for comments about potential updates to its online guidance for taxpayers about the tax treatment of crypto assets.

Swiss Banker Admits Helping Hedge Fund Manager Evade US Taxes

March 30, 2023

A Swiss banker pleaded guilty to fraud for helping an unnamed hedge fund manager and other US taxpayers hide $60 million in assets.

Sanctions Under EU Crypto Tax Reporting Excessive, Groups Say

March 30, 2023

A draft EU tax reporting rule for crypto transactions will close an information gap but could lead to excessive sanctions and goes too far in terms of the types of crypto assets it would capture, business groups said.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

U.S. ex rel. Schutte v. SuperValu, Inc.; U.S. ex rel. Proctor v. Safeway, Inc.

COST and the Taxpayers Federation of Illinois submitted an amicus brief urging the U.S. Supreme Court to affirm the Seventh Circuit’s decisions in United States ex rel. Schutte v. Supervalu Inc. and United States ex rel. Proctor v. Safeway, Inc. In both cases, the Seventh Circuit found that a defendant cannot be liable in a federal False Claims Act (FCA) action if there is an objectively reasonabl

COST - Council on State Taxation

COST Studies, Articles & Reports

2023 State and Local Amnesty Programs

Tracker of most state and local tax amnesty programs enacted and conducted in 2023.

COST - Council on State Taxation

COST Comments & Testimony

Testimony In Support of H.B. 105 – Municipal Income Tax Changes

COST ‘s testimony supports Ohio H.B. 105 which would limit municipal income tax inquiries when a taxpayer has a filing extension and would reduce the penalties for failure to file an income tax or withholding return and seeks amendment to include a one-month extension to businesses filing net profit tax returns.