Upcoming National Meeting

2021 Intermediate/Advanced State Income Tax School

This year COST will be holding its Intermediate/Advanced State Income Tax School in Atlanta, Georgia. The School provides attendees with a deeper dive into income tax concepts with more advanced, difficult issues explored and evaluated. Past attendees have been incredibly positive in their reviews of the School and the presenters.

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Newsletters & Media

Cost Conscious

ISSUE 21-23; November 19, 2021

COST SALT Mentorship Program – One of the most beneficial aspects of being a part of COST is COST’s community and network. Given our unique position in state and local tax, COST is in the process of developing a mentorship program to facilitate connections and support professional development and growth for industry SALT professionals. To aid us in the buildout of this program, please answer the f

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Bloomberg TAX

Miami Mayor Seeks Wider Crypto Use After Taking Pay in Bitcoin

December 03, 2021

Miami Mayor Francis Suarez, who said earlier last month he would take his next paycheck “100% in Bitcoin,” is seeking to expand the use of cryptocurrency across the city.

U.K. Officials Asked to Draft Tax Cutting Plans: Times

December 03, 2021

U.K. Chancellor of the Exchequer Rishi Sunak has told Treasury officials to draw up plans to reduce the tax burden, The Times reports.

Like-Kind Exchanges Taxed at Exchange, Pennsylvania Court Rules

December 03, 2021

Pennsylvania taxes on gains from like-kind exchanges apply when the exchanges occur, rather than when the property is sold as federal accounting methods permit, a state court held.

Cities Seek More Revenue While States Like Arkansas Eye Tax Cuts

December 03, 2021

This week in state tax news: Municipalities are coping with serious revenue challenges that are already leading to interesting tax innovation, Arkansas taxpayers could be treated to a series of income tax rate cuts during a special legislative session, and a family feud over former president Donald Trump's tax returns broke out in a New York state courtroom.

Trudeau Trade Czar Sees Tough Slog Ahead on Biden EV Tax Credits

December 03, 2021

Justin Trudeau’s trade chief signaled Canada is willing to step up its fight against the Biden administration’s proposed Buy American tax incentives for electric vehicles after meetings with lawmakers from both parties on Capitol Hill.

‘King of London Insurance’ Must Pay Tax on $33 Million Profit

December 03, 2021

A former insurance executive known as the “King of the London Insurance Market” has lost an appeal over whether he owed tax on share options after a court ruled that he had only received the shares because of his employment, when he was a U.K. resident.

Pot Taxes May Yield $12 Billion for States by 2030 Says Barclays

December 03, 2021

When U.S. states and municipalities burn through their federal coronavirus relief money, taxes on legal weed will help blunt the budget pain. 

KPMG U.K. Still in Government Probes Over Two Major Audits

December 03, 2021

KPMG U.K. remains under investigation over its audits of two collapsed companies, Conviviality Plc and Carillion Plc, despite the end of a separate investigation into Conviviality’s accounting, the U.K.'s audit watchdog said Friday.

Illinois’s November State Revenue Up 17% YOY on Income Taxes

December 03, 2021

Illinois’s general fund revenue from state sources reached almost $3 billion in November, up 17% from a year earlier, on higher personal and corporate income taxes as well as sales taxes, according to a monthly report from the Commission on Government Forecasting and Accountability.

Canada Supreme Court OKs Loblaw Companies’ Offshore Profits (1)

December 03, 2021

Canada’s top court on Friday rebuffed the federal tax agency's bid to impose taxes on hundreds of millions of dollars made by an offshore subsidiary of Loblaw, the country’s largest retail chain.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Ferrellgas Partners, L.P., v. Director, Division of Taxation

COST’s amicus brief asks the U.S. Supreme Court to review a New Jersey appellate court decision that the State was not required to apportion a partnership filing fee. The brief points out the states’ inconsistent determinations over whether a “fee” is subject to Commerce Clause scrutiny stems from two prior U.S. Supreme Court cases and clarification is needed from the Court when fees not related t

COST - Council on State Taxation

COST Studies, Articles & Reports

A Global Perspective on U.S. State Sales Tax Systems as a Revenue Source: Inefficient, Ineffective, and Obsolete

The study provides an international perspective on U.S. state and local sales tax systems through a comparison to the primary general consumption taxes in the European Union (the Value-Added Tax (VAT)) and Canada (the Goods and Services Tax/Harmonized Sales Tax (GST/HST) and a few provincial sales taxes).

COST - Council on State Taxation

COST Comments & Testimony

Comments on Assessment Appeals Board Remote Hearings

COST comments on the Board of Equalization’s consideration of procedural and due process issues in Assessment Appeals Boards remote hearings urging that taxpayers have an option for in-person hearings as a fundamental right; and rejection of arbitrary document submission dates and alignment of document submission rules with in-person hearing practices.