State Income Tax Implications of Base Broadening Components of House and Senate Tax Reform Bills

By Mark Nebergall and Stephen P. Kranz on December 5, 2017

Posted In Nationwide Importance, Tax Base, Uncategorized

While there are differences between the House and Senate tax reform bills that remain to be worked out between the two chambers, both bills are positioned to broaden the tax base and reduce the tax rate. This article highlights the possible impact on state income tax liabilities stemming from the base broadening provisions.

Tags: anti-base erosion provisions, business interest deduction, deemed repatriation, domestic production activities, GILTI, global intangible low-taxed income, R&E expenditures, reduced corporate rate, Section 168(k), state income tax liabilities, Subpart F income

Mark Nebergall
Mark Nebergall advises clients on all aspects of tax policy with respect to software transactions at state, federal and international levels. He also works with McDermott’s tax controversy team handling tax litigation where he brings his former experience as a litigator for the US Department of Justice, Tax Division. Mark combines tax policy and tax litigation skills to help solve client tax problems holistically. Read Mark Nebergall's full bio.

Stephen P. Kranz
Stephen (Steve) P. Kranz is a tax lawyer who solves tax problems differently. Over the course of his extensive career, Steve has acquired specific skills and developed a unique approach that helps clients develop and implement holistic solutions to all varieties of tax problems. He combines strategic thinking with effective skills for the courtroom, the statehouse and the conference room. Read Stephen Kranz's full bio.

State Income Tax Implications of Base Broadening Components of House and Senate Tax Reform Bills

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