Illinois And Oregon's Turn To Respond To Federal Tax Reform
By Stephen Kranz, Alysse McLoughlin, Diann Smith and Lauren FerranteMarch 13, 2018, 6:10 PM EDT
Law360 (March 13, 2018, 6:10 PM EDT) -- States are moving to advance different solutions in their efforts to address federal tax reform. Illinois recently introduced legislation to add back the new deduction for foreign-derived intangible income and its Department of Revenue has issued its position on other aspects of federal reform. Oregon, after resolving a controversy between the Senate and the House, is about to pass legislation addressing deemed repatriation income and repealing its tax haven inclusion provisions.
Illinois Issues Guidance on Federal Tax Reform
On March 1, the Illinois Department of Revenue issued...