TEI advocates updating state statutes governing the reporting of federal income adjustments at the national conference of State Legislatures meeting.

PositionINSTITUTE NEWS - Conference news

On January 14, TEI Tax Counsel Pilar Mata, along with Fred Nicely and Nikki Dobay of the Council on State Taxation (COST) and Tom Shimkin of the Multistate Tax Commission (MTC), presented at the National Conference of State Legislatures (NCSL) Task Force on State and Local Taxation. The panel discussed the need for state legislators to update state statutes governing the reporting of federal income adjustments, noting the problems with current state statutes and the lack of uniformity among states.

The panel also referenced proposed updates to the MTC's 2003 model reporting statute, which were prepared by a working group comprising members of TEI, COST, the American Bar Assocation's state and local tax committee, and the American Institute of Certified Public Accountants. Mata and Dobay presented changes to the draft model statute to the MTC at its December 2016 meeting and urged the MTC's uniformity committee to open a new...

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