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Will States Conform to the New Tax Rules?

State Tax Rules

Federal tax laws traditionally serve as the basis for many state tax laws. Here are some key provisions of the new law that must be addressed and how each change might affect your state tax bill.

Many state legislatures are now in session. A major issue that state lawmakers may currently face is whether to conform their state income tax systems to all the changes included in the Tax Cuts and Jobs Act (TCJA). Some states are considering or have adopted legislation to address the following key provisions of the new tax law. Read more