Always Thinking.

Arnold Palmer once said golf was "deceptively simple and endlessly complicated."

The same can be said for state and local taxes.

Thursday, April 30, 2009

Connecticut: Combined Reporting Update

As discussed in an earlier post, many states have proposed legislation to adopt combined reporting this year. The verdict is out on how many of those states will actually adopt it.

As far as Connecticut is concerned, the legislation did not make it very far. The bill, S.B. 807, failed to pass because it did not receive a favorable report before the required deadline with the Joint Committee on Finance, Revenue and Bonding; therefore it is currently "dead."

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