Critical Updates on the SALT Front

Nachbar, Mark L.
September 2008
Journal of State Taxation;Sep/Oct2008, Vol. 26 Issue 6, p17
Academic Journal
The article discusses the Internal Revenue Service (IRS) Coordinated Issue Paper (CIP) about the federal income tax effects of state and local tax incentives in the U.S. It notes that developments in tax rulings across the nation have engaged into many economic incentives to attract businesses. These incentives are then used to bring business to locate, expand, increase employment or build new facilities in states and local jurisdiction of the nation which are analyzed under a CIP. Furthermore, it relates the incentive ruling in the throwout rule in New Jersey and the Ohio Supreme Court property tax case.


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