TEI SALT Committee holds liaison meetings.

• Position: INSTITUTE NEWS

TEI's State and Local Tax (SALT) Committee has held several liaison meetings with state revenue departments and intergovernmental tax agencies over the past six months. These meetings have provided TEI members the opportunity to begin a dialogue with state tax administrators and discuss issues of concern to TEI members, including the Committee's recently issued policy statements on state tax administration.

The SALT Committee held its first liaison meeting with the Board of Trustees of the Federation of Tax Administrators (FTA) in November 2015. The FTA's board includes twenty commissioners of revenue for various states. The FTA meeting focused on TEI's "Reporting Federal Income Tax Changes" and "Audit Procedures" (see the May/June 2016 issue of Tax Executive for copies of these statements). TEI discussed the need to standardize the timing, triggers, and format for reporting federal revenue changes to state governments and proposed best practices for audit procedures.

South Carolina DOR Responds

Following the FTA liaison meeting, Rick Reames, the director of South Carolina's Department of Revenue, contacted the SALT Committee. Director Reames informed TEI that South Carolina was changing its information systems and that, following the change, South Carolina will allow taxpayers to report federal changes using a spreadsheet similar to the one TEI presented at the FTA liaison meeting. Director Reames noted that the streamlined report provided benefits to the state and taxpayers alike.

Illinois DOR to Discuss TEI Policy Statement

The SALT Committee also met with Connie Beard, the director of the Illinois Department of Revenue, in...