Learning from the 2021 Survey of State Tax Departments – Corporate Income Taxation

June 24, 2021 at 2:00 PM

For the 21st consecutive year, Bloomberg Tax has sought to clarify each state’s position on nexus and other grey areas in state taxation by sending its annual Survey of State Tax Departments to senior state tax department officials in the District of Columbia, New York City, and the 46 states that impose a corporate income tax. In addition to nexus, the questionnaire asked officials about their state’s tax sourcing rules, states’ responses to federal tax changes made by the TCJA and the CARES Act, and requirements for reporting federal changes. Additionally, Bloomberg Tax asked the states about their combined reporting regimes and conformity to the Multistate Tax Compact.

This webinar will take a closer look at the recent trends in state corporate income taxation, analyze the survey results in these areas, and provide a discussion on recent changes in states’ taxation of corporations.

Educational Objectives:

  • Know the latest developments and trends regarding state income taxation of corporations
  • Identify the types of activities, which by themselves, might be sufficient to trigger income tax nexus in a state
  • Understand the legal theories upon which the emerging state nexus and sourcing doctrines are based
  • Understand trends in the states’ treatment of addbacks for other state taxes