State and local tax services
For many companies, a large percentage of their overall tax liability comes from state and local taxes. With various taxing jurisdictions becoming ever more aggressive, the puzzle of multistate issues can “tax” a company’s internal resources and drain its profits. The desire for unbiased tax advice is at a premium. Grant Thornton’s state and local tax professionals stand ready to fill that role.
ULC study committee votes to recommend termination of UDITPA revision project
The Uniform Law Commission(ULC) Study Committee that was formed to consider revision of the Uniform Division of Income for Tax Purposes Act (UDITPA) has voted 5 to 2 to recommend termination of the project. However, the motion includes a provision that the project could be reopened in the future.
New York State enacts Metropolitan Commuter Transportation Mobility Tax
New York Governor Paterson signed into law the Metropolitan Commuter Transportation Mobility Tax (MCTMT), which imposes a new permanent payroll tax on employers, partners of partnerships and other self-employed individuals within the 12 counties of the Metropolitan Commuter Transportation District of New York State.
$1 billion in tax increases approved by Nevada lawmakers
The Nevada legislature overrode Governor Jim Gibbons’ veto of budget legislation that contains a $781 million tax increase. When added to a $220 million increase in transient lodging (room) taxes enacted earlier, the tax increases approved by lawmakers for the 2010-11 biennial budget amount to approximately $1 billion.
Manage your tax burden with local resources and national expertise
Planning for and complying with state and local tax law requires a strategy tailored to your company. Download a quick summary of the services Grant Thornton can offer to help you decrease your effective tax rate, align your tax and business planning, identify nonstructural tax savings and more.
This website supports Grant Thornton LLP’s marketing of professional services and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the subject of this document we encourage you to contact us or an independent tax advisor to discuss the potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this document may be considered to contain written tax advice, any written advice contained in, forwarded with, or attached to this document is not intended by Grant Thornton to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.
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State and Local Thinking
Our monthly newsletter contains all things state and local tax. Get a digest of recent SALT Alerts, updates on webcasts and conferences, and meet one of our SALT professionals.