- Many State Tax Incentives Are Now Taxable Due to Federal Tax Reform
- January 16, 2018 | Authors: Timothy A. Gustafson; Hanish S. Patel
- Law Firms: Eversheds Sutherland (US) LLP - Sacramento Office; Eversheds Sutherland (US) LLP - Atlanta Office
Bloomberg – Daily Tax Report: State
Recently enacted federal tax reform is expected to generate $6.5 billion in additional federal revenue through 2027 by increasing corporate tax liability for certain state and local incentives.In their article for Bloomberg, Eversheds Sutherland attorneys Timothy Gustafson and Hanish Patel discuss the change and opportunities to minimize its impact.