News

ISSUE 26-13; June 26, 2026

Business Activity Tax Simplification Act – Member Perspectives – On June 10, Congressman Pat Harrigan introduced H.R. 9244, the Business Activity Tax Simplification Act (BATSA), to “modernize federal rules governing state taxation of interstate commerce” by creating a clear, nationwide physical presence standard and updating longstanding protections to reflect today’s digital economy. As drafted,

ISSUE 26-26; July 1, 2026

Pennsylvania Senate Returns Tax Omnibus Bill to House for Consideration of Amendments; Second Quarter Enacted Legislation Supplemental Update

ISSUE 26-13; July 2, 2026

Oops!...They Did It Again: New Jersey Suspends NOL Deduction – On June 30, Governor Sherrill signed her first budget bill into law. Along with the budget bill, New Jersey enacted legislation partially suspending net operating losses for tax years 2026 through 2029. David J. Gutowski, Matthew L. Setzer, Erin E. Apsokardu, and Clarke D. Doig, Reed Smith LLP, July 1, 2026.