Listeners in the property tax world have been clamoring for an update. Here is the latest in property taxes: pandemic implications, dark stores, intangibles, and more. Dave Ebersole joins Matt Hunsaker in the virtual studio...more
Tucked away in the American Rescue Plan Act of 2021 is a provision that prohibits states from using the $350 billion in state and local relief money to fund tax cuts. What does this mean for state tax policy? What does this...more
3/29/2021
/ American Rescue Plan Act of 2021 ,
Anti-Commandeering ,
Biden Administration ,
Coronavirus/COVID-19 ,
Federal Funding ,
Federalism ,
Local Taxes ,
Relief Measures ,
State and Local Government ,
State Sovereignty ,
State Taxes ,
Tax Cuts
The CARES Act created the Paycheck Protection Program. The PPP allowed businesses to secure forgivable SBA loans. Federal taxation of forgiven loans and related expenses are quite favorable - will states follow suit? Matt...more
Massachusetts is taxing nonresidents who are working outside Massachusetts due to COVID-19. Seems unfair? Well New Hampshire agrees and has asked the US Supreme Court to allow it to bring suit against Massachusetts. Matt...more
12/30/2020
/ Commerce Clause ,
Coronavirus/COVID-19 ,
Due Process ,
Income Taxes ,
Jurisdiction ,
Non-Resident Income Taxes ,
Non-Residents ,
Out-of-State Employees ,
Remote Working ,
State Sovereignty ,
State Taxes ,
Telecommuting ,
Withholding Tax
For the last decade, the Mobile Workforce State Income Tax Simplification Act has languished in Congress. Will it get passed by piggybacking on the HEALS Act? Matt Hunsaker explains the history of the Act, the latest...more
Q: State NOL Carryback Relief: If the federal government enacts NOL carryback relief, will states follow suit? A: Almost no states currently allow taxpayers to carryback NOLs to prior years....more