In the Headlines
June 13, 2025
Fed. Tax Bill Primed to Reignite Conformity Talks in States
Law360
Tax attorney Jennifer Karpchuk was quoted in a Law360 article examining the latest federal budget reconciliation bill, which proposes extending key aspects of the 2017 Tax Cuts and Jobs Act (TCJA) and is likely to spark renewed debate among state legislators about the alignment of state tax codes with federal law. The article discussed potential federal changes and their impact on state-level tax strategies for pass-through entities.
Ms. Karpchuk advised that, because the final details of the legislation remain uncertain and state responses are unpredictable, "many states previously issued guidance on the TCJA provisions, so taxpayers should review those in anticipation of a potential change."
READ: Fed. Tax Bill Primed to Reignite Conformity Talks in States (Subscription required)
Ms. Karpchuk advised that, because the final details of the legislation remain uncertain and state responses are unpredictable, "many states previously issued guidance on the TCJA provisions, so taxpayers should review those in anticipation of a potential change."
READ: Fed. Tax Bill Primed to Reignite Conformity Talks in States (Subscription required)