States Dubious of 2017 Tax Reform
Posted on May 31, 2017 in News
State officials’ concerns over holding special sessions and preparing for federal tax reform in 2017 are waning. Some believe that federal tax reform is unlikely to occur at all, pointing to the controversies enveloping the Trump administration, a partisan Congress, and prioritization of repealing and replacing the Affordable Care Act. Karl Frieden, vice president and general counsel of the Council On State Taxation (COST), while commenting that the true deadline for tax reform is likely the 2018 elections, posits that the implementation period following enactment of a federal tax law, even if it were to pass in 2017, will push any state reaction to next year.