Upcoming National Meeting

2022 SALT Workshop for Technology Companies

One and a half day conference focusing on state and local tax issues for technology companies. Leading practitioners from across the U.S. will get those new to the area of state and local tax up to speed on all types of taxes, including sales and use, income, property and local taxes, and will provide in-depth panel discussions on other specific state and local issues impacting the tech industry.

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Newsletters & Media

Legislative Alert

ISSUE 22-28; August 2, 2022

COST Expresses Concern with Controversial Washington Draft Advisory on the State’s Insurance Business Exemption; Colorado DOR to Hold Retail Delivery Fee Q&A Webinar

Cost Conscious

ISSUE 22-15; July 29, 2022

Is It A Fee Or Is It A Tax? Part II – In Part I of this series, we inquired into member concerns over the expansion of state classification of taxes as fees, and the apparent resurgence of states considering implementation of fees that bear similar characteristics to a tax (see results in “Last Issue’s Question Answered” below). In Part II, we would like to better understand the nature of our memb

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Bloomberg TAX

Trump Deposition Day: Invoking the Fifth in Showdown With AG (1)

August 10, 2022

Former president Donald Trump and New York Attorney General Letitia James have sparred vigorously for years through court filings and public statements. But when they finally sat across from each other during Trump’s long-awaited deposition in a probe of his asset valuations, the mood was surprisingly friendly and cordial.

Ban on False Liens Protects Former Treasury, IRS Heads (1)

August 10, 2022

A law prohibiting filing false liens against the property of US officers or employees because of their official work applies to both current and former federal workers, an appeals court ruled Wednesday.

IRS Seeks SFOX Customer Information in Cryptocurrency Tax Push

August 10, 2022

The Internal Revenue Service is seeking to identify customers of cryptocurrency prime dealer SFOX Inc. as part of its efforts to force crypto investors to pay taxes on their holdings.

Arkansas Lawmakers Approve $736 Million in Relief For Taxpayers

August 10, 2022

Arkansas will cut burdens on individual and business taxpayers by $736 million over three years under legislation that accelerates an earlier tax-cutting measure and grants $150 tax credits to low- and middle-income filers.

Stock-Buyback Tax Seen Boosting Dividends, Fueling Credit Risk

August 10, 2022

Tax changes working their way through Congress may ultimately boost dividend payments and erode cash flow, boosting credit risk for US investment-grade companies.

NYC Congestion Pricing Will Bump Some Drivers Costs to $120 (1)

August 10, 2022

New York City’s Metropolitan Transportation Authority is one step closer to rolling out a congestion pricing plan that would charge some motorists as much as $23 to enter Manhattan’s central business district. 

Summers Decries Tax Compromises by Democrats to Pass New Bill

August 10, 2022

Former Treasury Secretary Lawrence Summers decried the stripping of a global corporate minimum tax from the Democrats’ recent tax-and-climate change bill, a move that he said threatens a historic international agreement.

Extending Health Subsidies Averts Premium Hikes, Risks Inflation

August 10, 2022

Expanding Obamacare subsidies under the Inflation Reduction Act will prevent premiums from rising more than 50% on average for 13 million people, but they also are likely to lead to more health-care inflation and fewer small businesses offering health insurance, according to health-care analysts.

Proposed Taxes on Chile Copper Miners Too Harsh, Industry Says

August 10, 2022

Mining companies in Chile are urging the government to soften a proposal that they say will raise tax rates and production costs, making them less competitive in world markets.

IRS Extends Tax Relief to Missouri Storm Victims to November 15

August 10, 2022

Storm victims in parts of Missouri will have until Nov. 15 to file certain individual and business tax returns and make tax payments, according to an IRS release Wednesday.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Walmart Stores v. Johnson County Board of Commissioners

COST amicus brief seeks consistent application of Kansas’ property tax valuation law following Kansas Court of Appeals’ decision In re Equalization of Prieb Properties, 47 Kan. App. 2d 122 (2012). If there is a change to the State’s valuation process, it should be from the legislature and not the Kansas Supreme Court.

COST - Council on State Taxation

COST Studies, Articles & Reports

Locally Administered Sales and Accommodations Taxes: Do They Comport With Wayfair?

The Study effectively demonstrates that the burdens of complying with numerous disparate local tax regimes are extremely onerous, particularly in states that lack centralized collection and remittance of local taxes. The Study opens with a Foreword authored by well-known state and local tax experts Jeffrey A. Friedman and Nikki E. Dobay of Eversheds Sutherland LLP that evaluates and analyzes the l

COST - Council on State Taxation

COST Comments & Testimony

COST Signed onto Joint Letter re. Draft Insurance Business Exemption ETA

COST joined several trade association expressing several concerns regarding the Washington State Department of Revenue’s draft insurance business exemption excise tax advisory.