Upcoming National Meeting

2021 State and Local Tax Workshop for the Tech Industry

The workshop will cover the key state and local tax issues that technology companies (both start-up and established) are facing over the span of 2 days. This workshop is for someone with all levels of state and local tax experience. No advanced preparation is needed. Only employees of COST member and non-COST member companies are invited to attend.

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Newsletters & Media

Legislative Alert

ISSUE 21-21; May 11, 2021

COST Opposes Delaware Unclaimed Property Bill Expanding Contingent-Fee Auditor Powers; COST Opposes Iowa’s Attempt to Disallow Ordinary Business Interest Expense Deduction

Cost Conscious

ISSUE 21-09; May 7, 2021

Taxation of Digital Goods and Remote Access to Software – The executive director of the Streamlined Sales and Use Tax Governing Board is considering engaging on the issues of sourcing digital goods and defining remote access to software. Which of the following best describes your company’s position on these issues?

Twitter

Bloomberg TAX

Covid-19 Opportunity Zone Working Capital Relief Not Automatic

 

Recent Covid-19 relief providing extra time for working capital to be spent on projects in opportunity zones isn't automatic, an IRS official said Friday.

Alabama High Court Denies Attempt to Recoup State Liquor Taxes

 

The Alabama Supreme Court affirmed a lower court's dismissal of a class action seeking return of allegedly unauthorized alcohol sales taxes.

Newsom Floats $100 Billion Recovery Plan in Pre-Recall Budget

 

California Governor Gavin Newsom, battling an effort to oust him in a recall election, proposed a 19% increase in spending for the next fiscal year as he seeks to plow an unprecedented tax windfall back into the economy.

Missouri, Last 'Wayfair' Holdout, Moves to Tax Remote Sales (1)

 

The Missouri legislature on Friday gave final approval to a bill requiring remote sellers to collect use taxes on sales to Missouri buyers.

Biden’s IRS Blocks Developer Push to Expand a Trump Tax Break

 

President Joe Biden’s administration is shutting down attempts by developers to use new Census Bureau maps to claim generous tax breaks enacted by Donald Trump.

Fed Extends PPP Rule Change for Bank Directors, Shareholders

 

The Federal Reserve extended for a third time its rule modification allowing certain bank directors and shareholders to access the Paycheck Protection Program.

California Governor Newsom Proposes $196.8 Billion Budget

 

California Governor Gavin Newsom on Friday proposed a $196.8 billion general-fund budget for the next fiscal year, a steep jump from this year’s $155.9 billion as he plans to plow an unprecedented tax-revenue windfall back into the state’s economy.

Louisiana's Plan for Centralized Sales Tax Collection Advances

 

The Week in Wayfair: Lawmakers in Louisiana and Florida took steps this week to modify their tax codes in ways that will affect remote sellers and marketplaces.

Census Won't Expand Opportunity Zone Boundaries, IRS Says

 

The IRS rejected requests to allow changes to the boundaries of opportunity zones, closing the door on investors' hopes of having expanded access to capital gains tax breaks.

Biden, Yellen Inject New Life Into Global Tax Talks (Podcast)

 

On this week's episode of our podcast, Talking Tax, we hear from former OECD tax advisor Marcus Heyland about how a new administration in Washington has reinvigorated the stalled negotiations to harmonize global tax rules.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Jobs & Housing Coalition v. City of Oakland

COST filed an amicus brief in support of the Jobs & Housing Coalition on the California super-majority vote issue. COST supported the Jobs & Housing Coalition’s argument that the California Constitution has long required local special taxes to be passed by a two-thirds majority vote of the electorate, pursuant to Proposition 13 and Proposition 218 of the California Constitution.

COST - Council on State Taxation

COST Studies, Articles & Reports

Five Tax Administration Issues State Lawmakers Should Address in 2021 (State Tax Notes, January 11, 2021, p.145)

This article by Fred Nicely and Aziza Farooki for Tax Notes State details COST’s five proactive legislative initiatives to simplify both compliance and administration as states seek to revitalize their economies due to the COVID-19 pandemic.

COST - Council on State Taxation

COST Comments & Testimony

Testimony in Opposition to S5715 – Property Tax Valuation

COST opposes New York State legislation which targets properties used for commercial purposes, including retailers, and imposes a special valuation methodology that differs from how other properties are valued in New York.