Reductions on deductions and state courts on out-of-state businesses

Reductions on deductions and state courts on out-of-state businesses

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This week we highlight cert petitions that ask the Supreme Court to consider, among other things, whether a 2017 law’s cap of $ 10,000 for the deduction for state and local taxes on federal income returns violates the Constitution by coercing states’ tax policies, and whether state courts can exercise jurisdiction over out-of-state businesses on the basis of their registration as foreign corporations.

The 2017 cap on the federal tax deduction for state and local taxes

New York v. Read the rest