TEI Requests Guidance from States Regarding Penalty Relief for State Corporate Tax Returns Filed by November 15, 2018

In October 2018, TEI worked with the Council on State Taxation (COST) and AICPA to request that states issue guidance indicating they will waive late filing (but not late payment) penalties for state corporate tax returns due October 15 but filed by November 15, 2018.

TEI State Tax Havens Policy Statement Covered in the News

The Hill Extra interviewed TEI Tax Counsel Pilar Mata and covered TEI's State Tax Havens Policy Statement in a recent article regarding state tax haven legislation. The article notes that although only six states and the District of Columbia have enacted such legislation to date, other states are likely to follow suit in upcoming legislative sessions. The article also notes that state tax haven laws raise many constitutional questions and referenced TEI's policy statement on state tax haven legislation, which was issued on June 15, 2016.

TEI Issues Policy Statements on Alternative Apportionment and State Tax Haven Legislation

On June 15, 2016, TEI issued two new state and local tax policy statements on alternative apportionment and state tax haven legislation.