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This program offers sessions of interest to every state tax professional in industry, whether a COST member or otherwise, as well as in the consulting, accounting and legal profession. The program covers all types of state and local taxes that business taxpayers are confronted with today and provides updates on key SALT issues.

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Newsletters & Media

Cost Conscious

ISSUE 20-21; October 16, 2020

Managing States with the Same Federal Tax Return Deadline – Approximately half of the states require calendar year state corporate income tax returns to be filed on October 15, the same extended due date as calendar year federal tax returns. This problem is compounded by the impact of the pandemic, COVID-19 relief legislation, and continued complexities arising from the Tax Cuts and Jobs Act. Cons

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Bloomberg TAX

Illinois Expects Delays Counting Flat-Tax Ballot Measure

 

Illinois voters may have to wait as late as Nov. 17 for the results of a ballot measure that seeks to remove the 50-year-old flat-rate income tax from the state constitution.

Mnuchin Faults Pelosi Over Stimulus as Blame Game Heats Up (1)

 

Treasury Secretary Steven Mnuchin accused House Speaker Nancy Pelosi of pulling a “political stunt” and holding up a new stimulus bill by refusing to offer compromises, in an escalation of acrimonious finger-pointing over stalled virus-relief negotiations.

Uber Misclassifies Drivers as Contractors, Illinois Suit Says

 

Uber Technologies Inc. is facing suit in the Northern District of Illinois by drivers who allege the company misclassifies them as independent contractors in violation of state employment law, illegally saddling them with business expenses and failing to pay minimum wage and overtime.

N.J. Delay on Tax Hike for Unemployment Fund Passes House

 

New Jersey's imminent payroll tax increase, which pays for the state's unemployment fund, would be delayed for three years under a bill from state Democrats.

N.J. Set to Become Biggest East Coast State to Legalize Pot

 

New Jersey is poised to become the biggest state on the East Coast to legalize recreational marijuana.

The 10 People Most Likely to Shape Biden Economic Policies

 

The fight for the soul of the Democratic Party is reflected in the diversity of the 10 people who have the most influence on economic policy in the circle surrounding Joe Biden, says a new analysis by the political-risk advisory firm Baron Public Affairs.

Election Will Decide Fate of Alaska Gold Mine, Electric Cars (1)

 

Oil drilling in the Arctic and the Pebble gold mine in Alaska aren’t actually on the ballot -- but they might as well be.

IRS Issues Rules for Low-Income Housing Credit Test (2)

 

The IRS offered examples of rental units that can qualify for the low-income housing tax credit in new proposed rules.

Pelosi Letter to Mnuchin Lists Unsolved Stimulus Areas: Politico

 

House Speaker Nancy Pelosi in a letter to Treasury Sec. Steven Mnuchin says she’s still awaiting the Trump administration’s promised responses on multiple items, Politico reports, citing the letter.

The Next Generation Is Toughest to Defend in Legal Talent Battle

 

Law firm leaders are preparing for an active lateral hiring season, as the coronavirus pandemic has created a buyer's market in some recruiting circles.

Tax Notes

Alabama Transfer Pricing Audits Becoming More Sophisticated

 

The Alabama Department of Revenue is moving into a second, more sophisticated phase of conducting transfer pricing audits, practitioners said October 28.

Weak Safeguards Are a Problem With Tax Offset Program

 

Weak safeguards and difficulties finding the appropriate contact at state revenue departments often complicate use of the Treasury Offset Program to hold back federal nontax payments in order to collect state tax debt.

States Will Look to Increase Taxes to Recover From Pandemic

 

States will likely increase taxes and cut budget spending to recuperate from the economic impact of the COVID-19 pandemic but are not likely to cut healthcare or education spending, according to tax practitioners.

Virginia Judge Says Confederate Statue Can Be Removed

 

A judge has sided with Virginia Gov. Ralph Northam (D) in Taylor v. Northam, a lawsuit filed by property owners who would lose tax breaks if a Civil War statue in Richmond is removed.

New Jersey Panel Advances Temporary Waiver of Healthcare Tax

 

A New Jersey General Assembly panel has advanced a bill that would waive a tax imposed on some residents without health insurance coverage during the COVID-19 pandemic.

States May Look Internationally When Taxing the Sharing Economy

 

States may begin to look to international tax proposals as they consider how to tax the sharing economy, a panelist predicted.

Federal Court Rules for Tribe in South Dakota Tax Dispute

 

In Flandreau Santee Sioux Tribe v. Terwilliger, the U.S. District Court for the District of South Dakota found that South Dakota cannot impose an excise tax on a non-tribal contractor’s services to renovate and expand a Native American casino.

Pennsylvania Worker Misclassification Task Force Bill Approved

 

Pennsylvania lawmakers have unanimously approved a bill to study employee misclassification and its impacts on tax revenue.

North Dakota Court Strikes Local Board’s Property Tax Decisions

 

In RFM-TREI Jefferson Apartments LLC v. Stark County Board of Commissioners, the North Dakota Supreme Court found that a local board of commissioners improperly adopted excessive assessments in connection with its denials of several property tax abatement applications.

Pennsylvania Legislature Passes Low-Income Housing Tax Credit Bill

 

Pennsylvania legislation to establish a state-level low-income housing tax credit has been sent to the governor.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Level 3 Communications v. Oregon Department of Revenue

In its amicus brief, COST argues that the Tax Court’s decision allowing the imposition of property tax based on the enterprise value of a centrally assessed taxpayer should be reversed because it represents a stark departure from existing law and practice. It would unfairly upend the longstanding and well-settled expectations of centrally assessed businesses that pay property taxes in Oregon.

COST - Council on State Taxation

COST Studies, Articles & Reports

Oregon State and Local Business Tax Burdens

This study, prepared by Ernst & Young LLP in conjunction with the State Tax Research Institute (STRI) presents detailed estimates of the change in business tax burdens for businesses located in Oregon due to state tax changes, which have occurred since January 2020, and the impact of local tax changes for businesses in the Portland-metro region.

COST - Council on State Taxation

COST Comments & Testimony

Letter Re: Governor’s Revised FY2021 Budget – Daily Sales Tax Remittance

COST Urges the Massachusetts Joint Ways and Means Committee to delete from the Governor’s revised FY2021 budget provisions requiring the daily sales tax remittance by card processors.