Outlook: Fiscal Forecast Improves in 2014, But Storm Is Brewing Over Divergent Positions on Social Policy Issues, Electronic Commerce

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

In 2014, many states will continue to emerge from the lingering financial hardships of the Great Recession. But from a policy standpoint, the forecast is far from sunny. Controversies surrounding hot button issues such as gay marriage, marijuana use, and online gambling cloud the horizon. It is more than likely that the states' divergent positions on these questions will find their way into state tax codes. Meanwhile, stakeholders will continue to debate nagging issues such as the tax treatment of online sales. At the same time, other basic state tax levies such as the gas tax and property tax are likely to receive renewed attention this year, as states continue their struggle to shore up eroding tax bases and modernize tax laws to address budgetary concerns and modern business practices.