The Tax Cuts and Jobs Act (TCJA) dramatically cut corporate tax rates, significantly changed individual income tax calculations, and curtailed numerous deductions and allowances. These federal changes also had a significant but varied effect on state corporate and individual income tax systems and taxpayers, but those effects depended on how states responded to the new federal tax law.
The Urban-Brookings Tax Policy Center, American Tax Policy Institute, Murphy Institute at Tulane University, and Boyd Center for Business and Economic Research at the University of Tennessee invite you to a conference to examine state responses one year after passage of the TCJA. Topics will include conformity of state and federal individual and business tax bases, international business as a source of state revenue, and state workarounds to the TCJA’s limit on the deduction for state and local income taxes.
Speakers will also address the following questions:
What are the TCJA’s implications for tax administration across different governments?
How will the new tax laws affect states’ ability to attract people, jobs, and investment?
What should the process and substance of future federal tax legislation look like?
Federal-State Tax Conformity after the TCJA
Jennifer Budoff, Budget Director, Council of the District of Columbia
John Hicks, Executive Director, National Association of State Budget Officers
Leila Kleats, Chief Economist, Colorado Governor’s Office of State Planning and Budgeting
State Responses to TCJA’s International Provisions
Helen Hecht, General Counsel, Multistate Tax Commission
Shirley Sicilian, National Director of State and Local Tax Controversy, KPMG
Diann Smith, Counsel, McDermott Will & Emery
Richard Pomp, Alva P. Loiselle Professor of Law, University of Connecticut School of Law (moderator)
Perspectives of State Tax Administrations and Multistate Businesses on Post-TCJA State Taxation
Loren Chumley, State and Local Tax Principal, KPMG
Bruce Fort, Counsel, Multistate Tax Commission
Fitzroy Lee, Chief Economist, District of Columbia’s Office of the Chief Financial Officer
LeAnn Luna, Professor, University of Tennessee, Knoxville
Donald Bruce, Douglas and Brenda Horne Professor of Business, University of Tennessee, Knoxville (moderator)
Support for this event is provided by American Tax Policy Institute, Murphy Institute at Tulane University, and Boyd Center for Business and Economic Research at the University of Tennessee. For more information on the Urban Institute’s funding principles, go to http://www.urban.org/fundingprinciples.