BL02 State and Local Responses to the Tax Cuts and Jobs Act (2020CLC)

September 14, 2020

10:00 AM to 11:00 AM (Eastern Daylight Time)

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The Business Law Track

Presented by the Tax Section

About the Program

The presenters will give an overview of state and local responses to the Tax Cuts and Jobs Act (TCJA), namely addressing the state tax deduction limitation and how states have proactively modified their tax laws to allow taxpayers to still benefit from a federal tax deduction. Taxpayers in Connecticut will be familiar with the pass-through entity tax, which will be addressed along with other states’ laws and the new Connecticut payroll tax proposal.

You Will Learn

  • Potential tax planning opportunities to receive the benefit of a federal deduction for state taxes
  • What states currently impose a tax not limited by the SALT tax and what states may soon implement such a tax
  • IRS responses to state workarounds to the SALT limitation

CLE Credit: 1.0 CT (General); 1.0 NY (AOP)

Speakers

Day Robert Robert L. Day III
Law by Day PLLC, Hartford

lacava_lindsay Lindsay LaCava
Baker & McKenzie LLP, New York, NY

Luke Tashjian Luke T. Tashjian
Whitman Breed Abbott & Morgan LLC, Greenwich