In Search of New Revenue, States Eye New Types of Transactions and Funding Sources

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,...

In an effort to maintain eroding tax bases, many state tax departments have set their sights on taxing new types of transactions such as social media discounts, and have targeted otherwise exempt entities, such as non–profit hospitals, according to experts speaking at the American Bar Association's recent State Tax Session held in Washington, D.C. In this article, Bloomberg BNA takes a closer look at these and other issues discussed during the session.