State of Tax: Colorado Decoupling, Block Rebuffs Atlanta Appeal

The week in state tax news: Colorado legislators returned to patch up a budget gap caused by the state’s conformity to the new federal tax law, while California lawmakers held an initial hearing on the law’s ramifications for their states. Meanwhile, payments provider Block asked the Georgia Supreme Court to reject the city of Atlanta’s effort to overturn a tax judgment in the company’s favor.

Colorado Lawmakers Plan Tax Benefit Rollbacks

Colorado Democrats are looking at revenue from foreign investments and vendor fees as they attempt to fill a $1.2 billion budget gap opened by President Donald Trump’s new tax ...