States Responding To SALT Cap, Carried Interest Provisions

By Jeremy Naylor and Kimberly Ann Condoulis (July 26, 2018, 2:33 PM EDT) -- A number of states have recently proposed or passed new laws related to state-level taxation, some of which are taxpayer-friendly and some of which are expected to impose additional tax burdens on taxpayers. They vary in subject from efforts by states to mitigate the new federal limitation on the deductibility of state and local taxes to proposed changes to state income taxation of "carried interest." This article reflects some of those recent proposals and laws....

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