Need help aligning your business with multistate tax laws? Join us on August 27 as we discuss the strategies middle-market companies should use when navigating this complex landscape. Read More
With the 2023 tax year extended due dates around the corner, many taxpayers and their advisors are considering whether electing into state pass-through entity tax (PTET) regimes would be beneficial. The first six months of the 2024 calendar year have seen several states make changes to existing PTET regimes or issue clarifying guidance on existing rules. Read More
On May 10, 2024, Tennessee Gov. Bill Lee signed SB 2103 into law, making substantial changes to the state’s franchise tax regime and creating refund opportunities for certain taxpayers. Read More
The 2023-2024 Georgia legislative session ended with notable bills that included tax rate changes, state credit program modifications and the potential for a new Georgia Tax Court that has been signed by the Governor. Read More
The Tennessee Department of Revenue has released Notice #24-05 discussing the franchise tax property measure repeal. Read More
On January 24, two Tennessee House Republicans introduced House Bill (HB) 1893. As introduced, HB 1893 deletes the provision requiring that the measure of the franchise tax must not be less than the actual value of the real or tangible property owned or used by a taxpayer in Tennessee. Read More
Learn about multistate income and sales tax issues impacting CFOs, controllers, tax directors, private business owners, PE investors and other tax professionals! Read More
P.L. 86-272, a federal law that many companies rely on to protect them from having to pay a state's income tax, has been under attack by the Multistate Tax Commission since 2018. Despite these attacks, the law can still offer valuable protection for businesses engaged in interstate commerce. Read More
The Georgia legislature has enacted HB 412, which repeals a limitation on the types of partnerships that can elect to pay income taxes at the entity level to circumvent the federal state and local tax (SALT) deduction limitation. The legislation... Read More
When Congress enacted the Trump Administration’s Tax Cuts and Jobs Act in 2017, the $10,000 limit on the state and local tax (SALT) deduction was perceived to negatively affect “blue” states, where state taxes are higher. In early 2022, New... Read More
