How Are States Responding to the Tax Cuts and Jobs Act?

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 Murphy Institute, along with the Urban-Brookings Tax Policy Center, American Tax Policy Institute, and Boyd Center for Business and Economic Research at the University of Tennessee, will host 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.

The event will be webcast live here: https://www.taxpolicycenter.org/event/how-are-states-responding-tax-cut…