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State and local taxes impacted by tax reform

Examining implications of federal tax reform

RFP

While tax reform at the federal level continues to grab headlines, impacts at the state and local level are drawing more attention. Your state’s position in two critical areas — federal tax reform, and sales and use tax — will have a significant effect on your company’s own tax position.

The impact of federal repatriation provisions might not be taken into account as companies plan cash tax outlays. But there will be revenue decreases for some states. Companies in those states can expect to be tapped to meet the shortfall.

For states looking to raise revenue, the front-and-center area will be sales and use tax. Online sellers will feel the impact. But they won’t be the only group affected.

Don’t wait for federal tax reform to work its way through the system. Address the ripple effects in your state and local tax planning.

For further details and recommendations, watch the video.

Contacts

Kelli KnobleKelli Knoble 
National Tax Leader, Business Lines and People,
T +1 704 632 6804

Mark ArrigoMark Arrigo
Partner, State and Local Tax Services,
T +1 678 515 2320