Property taxes remain by far the largest state and local tax
paid by businesses, accounting for 36.
Sutherland Asbill & Brennan LLP is pleased to announce that it has expanded its premier State and Local Tax
(SALT) practice with the addition of four associates: Elizabeth S.
The state and local tax
deduction is thus a subsidy for big government.
Heimus, CPA, senior managing director of state & local tax
services at FTI Schonbraun McCann Group, has been appointed to NAIOP's Tax and Finance Subcommittee for 2011.
What this legislation does is preempt state and local taxing authority and represents a federal intrusion into historically-protected state and local tax
classifications," he continued.
The IRS has not issued published guidance on corporations' tax treatment of refundable state and local tax
The agreement came a day after Internal Affairs and Communications Minister Hiroya Masuda proposed at a policy-making panel meeting Thursday a scheme to revitalize the local economies, which calls for setting up a special quota in local tax
grants to cover possible revenue shortfalls in local governments in the wake of tax reform.
There is no shortage of challenges confronting today's state and local tax
state and local tax
bills rise faster than overall state and local tax
revenues, with businesses paying more than half of the total increase in 35 states from FY2002 to FY2005.
And, nearly half of the 8 million middle-income taxpayers take state and local tax
deductions or mortgage interest deductions.
Charles Schumer, a member of the Senate Finance Committee, promises to protect local tax
deduction from federal income tax.
For instance, the method used to estimate state and local tax
levels doesn't take into account estate taxes, and it ignores licensing fees (e.