INSIGHT ARTICLE |
Authored by RSM US LLP
Many state legislative sessions were affected by the pandemic: Some states maintained shorter session calendars or adjourned early this year; a few scheduled special sessions to pass necessary budget and operating legislation before returning to physical distancing. This year was less active in many ways than previous years, although it is anticipated that much more state tax legislation will be proposed in the coming months in preparation for the 2021 legislative sessions.
Our 2020 state and local tax recap explores key changes, with a focus on:
- Federal coronavirus relief and mobile workforce proposals
- Continued implications of the Wayfair decision
- CARES Act conformity and key state legislative developments
For additional considerations heading into 2021, please read our article State tax changes are coming: Be prepared and a recent audiocast: Decimated state budgets-tax changes are coming.
Additional 2020 Year-End Tax Resources
2020 year end tax considerations for businesses
Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
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This article was written by Mo Bell-Jacobs, David Brunori , Brian Kirkell and originally appeared on 2020-11-05.
2020 RSM US LLP. All rights reserved.
https://rsmus.com/what-we-do/services/tax/state-and-local-tax/2020-state-and-local-tax-legislative-recap.html
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