Strategizing Multinational Tax Risks

The Tax Foundation has provided a useful reference to state law changes, as 35 states have major tax changes taking effect on 1/1/2020.

This is especially important as more states are still interpreting the Tax Act, and any impact for GILTI, Sec. 163(j) interest limitation, etc.

The reference provides a summary by state of the recent law changes and details.

https://files.taxfoundation.org/20200102161647/State-Tax-Changes-as-of-January-1-20201.pdf