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Expert Analysis

Illinois And Oregon's Turn To Respond To Federal Tax Reform

By Stephen Kranz, Alysse McLoughlin, Diann Smith and Lauren Ferrante (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....

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