The week in state tax news: Colorado enacted tax laws that will at least partly offset the impact of President Donald Trump’s new tax-and-spending measure on the state’s revenue. Meanwhile, chemical company EIDP lost in a bid to avoid paying extra Minnesota taxes, and the California high court weighed in on a case that centers on the definition of intangible assets.
Colorado Enacts Tax Changes to Fill Revenue Hole
Colorado Gov. Jared Polis (D) on Thursday signed five bills to raise tax revenue and help close an expected $1.2 billion budget gap opened by President Donald Trump’s new tax-and-spending law. ...
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