Connecticut Tax Developments is published by the State and Local Tax Practice as a service to clients and friends. The contents are intended for informational purposes only, and the advice of a competent professional is required to address any specific situation. Reproduction or redistribution is permitted only with attribution to the source.
Continue Reading Connecticut Tax Developments
In a story in Bloomberg Tax (“Connecticut Mulls State, Local Tax Deduction Cap Workarounds”), Shipman & Goodwin attorney Louis B. Schatz discussed Connecticut’s proposed legislation for addressing the impact of the new federal tax law.
To read the full story, please click here.
Reproduced with permission. April 14, 2018 Copyright 2018 by the Bureau
Join Shipman & Goodwin tax attorneys for a four-part CLE webinar reviewing some of the more significant provisions of the Tax Cuts and Jobs Act.
Continue Reading Webinar: An Overview of the Significant Provisions of the Tax Cuts and Jobs Act – Four-Part Series
Shipman & Goodwin attorneys Alan E. Lieberman and Louis B. Schatz authored the article “2016 Survey of Connecticut Tax Law Developments” which was published in Connecticut Bar Journal. Coming off a tumultuous year in 2015, which involved significant tax increases, the Governor generally remained true to his pledge in 2016 not to increase Connecticut taxes,
The 2017 regular legislative session ended at midnight on June 7, 2017, with Governor Malloy and the Connecticut General Assembly unable to agree on a biennial budget for the period from July 1, 2017 through June 30, 2019, or on a strategy for how the state will address the estimated $5 billion deficit projected for that period.
Continue Reading 2017 Legislative Session: Refusing to Budge(t)
On April 17, 2017, the Connecticut Department of Revenue Services (“Department”) released eagerly awaited market-based sourcing guidance. The guidance will have an impact of virtually all companies (regardless of form) doing business within and without Connecticut. The guidance was issued in the form of Special Notice 2017(1) and provides a detailed explanation of the recent changes to Connecticut’s tax law concerning apportionment for taxpayers, including corporations, pass-through entities (such partnership and S corporations), and individuals.
Continue Reading Eagerly Awaited “Market-Based Sourcing” Guidance Issued by Connecticut Department of Revenue Services
Shipman & Goodwin attorney Louis B. Schatz has become the sole author of the Connecticut Limited Liability Company: Forms and Practice Manual. The book (originally published in 1995) has been re-released for a second edition in January 2017. It is available for purchase by Data Trace Publishing Company. The Manual draws from Lou’s
In his February 2016 State of the State address, Governor Malloy announced that his administration would be adopting a new approach to state budgeting in light of what he characterized as “the new economic reality” facing Connecticut and the nation. The Governor’s proposed changes to the biennial budget, including significant rescissions, funding reductions and state
Shipman & Goodwin attorneys Alan E. Lieberman and Louis B. Schatz authored the article “2015 Connecticut Tax Law Developments” which was published in Connecticut Bar Journal. Coming off what was a relatively quiet year in 2014, the year 2015 was a tumultuous year for Connecticut tax law changes. The changes enacted during 2015 will
2015 has been a tumultuous year for Connecticut taxpayers. It started with projections of large state budget deficits for the 2016 and 2017 fiscal years and the adoption of of the second largest tax increase in Connecticut history (only four years after the adoption of the largest such tax increase). By year end, executive branch