Tag Archives: Honor D. Banvard

ILN Today Post

Federal tax reform spurs tax cuts

In a number of our recent articles, we have addressed various states’ responses to the changes in federal tax law brought about by the late 2017 Tax Cuts and Jobs Act. A report by the Council On State Taxation and State Tax Research Institute predicts that the act “will result in corporate income tax reductions over the first 10 years of $329.4 billion, [which is a] reduction of about 10 percent year in corporate income taxes at the federal level.”

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