News & Events, Tax

State Legislation Responds to Federal Tax Reform

Maine has not yet enacted legislation in response to federal tax reform, for more information visit our Maine Tax Conformity Article.


Massachusetts has not enacted legislation in response to the federal Tax Cuts and Jobs Act (P.L. 115-97, 12/22/2017), but has issued guidance on the state implications of the federal deemed repatriation rules and taxpayers’ reporting requirements with respect to IRC § 965 for Massachusetts corporation excise purposes.
– Massachusetts Technical Information Release, No. 18-4, 05/15/2018


New Hampshire has not yet enacted legislation in response to federal tax reform.


Rhode Island has not enacted legislation in response to the federal Tax Cuts and Jobs Act (P.L. 115-97, 12/22/2017), but has clarified the state implications of the federal deemed repatriation rules under IRC § 965 on individual, partnership, and S corporation tax returns.
-Rhode Island Advisory No. 2018-21, 04/25/2018


Connecticut has not enacted legislation in response to the federal Tax Cuts and Jobs Act (P.L. 115-97, 12/22/2017), but has issued guidance on the state implications of the federal deemed repatriation rules and taxpayers’ reporting requirements with respect to IRC § 965 for purposes of the Connecticut corporation business tax and personal income tax.
-OCG-4 (Revised), Connecticut Treatment of the Federal Repatriation Transition Tax under IRC § 965, CT Office of the Commissioner Guidance, 05/11/2018


Many other states have proposed or passed tax law changes in response to the Tax Cuts & Jobs Act. For more information or details about conformity of states not listed, please contact one of our tax specialists:

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Ben Dailey, CPA
Principal
bd@macpage.com
207-523-3328

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Cory Vargo
, CPA, MST
Manager
cmv@macpage.com
207-523-3392

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Mike Santo
, CPA, MST
Manager
mjs@macpage.com
207-512-3438