Table of Contents

• Publication year: 2021

TABLE OF CONTENTS

03

MESSAGE FROM THE CHAIR
By Laura L. Buckley

09

ASCING FOR CREDIT: A PROPOSAL FOR
CALIFORNIA TO ADOPT THE FEDERAL
ALTERNATIVE SIMPLIFIED CREDIT
By Saba S. Shatara and Campbell D. McLaren, II

18

UPDATING CALIFORNIA'S OTHER STATE
TAX CREDIT LAWS TO ACCOUNT FOR NEW
PASSTHROUGH ENTITY TAX REGIMES RECENTLY
ENACTED IN OTHER STATES IN RESPONSE TO
THE TAX CUTS AND JOBS ACT OF 2017
By Joshua M. Grossman and Dana Lance

27

CALIFORNIA SOURCE NET OPERATING LOSSES:
A PROPOSAL FOR ELIMINATING INEQUITY
IN COMBINED REPORTING BY PROVIDING
TAXPAYERS IN A COMBINED REPORTING
GROUP WITH AN OPTION TO ASSIGN
CALIFORNIA SOURCE NET OPERATING LOSSES
TO OTHER MEMBERS IN THE SAME COMBINED
REPORTING GROUP
By Karen Notz and Lili Sowlati

41

A PROPOSAL REGARDING THE CALIFORNIA
TAXATION OF NON-CALIFORNIA RESIDENT
TRUSTS AND THEIR BENEFICIARIES
By Richard S. Kinyon, Esq. and Kirsten Wolff, Esq.

53

2021 WASHINGTON D.C. DELEGATION
By Kevan McLaughlin

54

TAX BUSINESS

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