Fiscal Cliff Compromise Wipes Out State ‘Pick-Up' Estate Taxes, Continues Depreciation Disconnec(1)

Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...

The new year began with President Obama signing a legislative compromise that extended many Bush-era tax provisions set to expire in 2013. In this article, Bloomberg BNA takes an in-depth look at how certain key provisions are likely to shape and impact state policy.