2026 State Tax Policy Boot Camp | Part 2: Corporate Income Taxes скачать в хорошем качестве

2026 State Tax Policy Boot Camp | Part 2: Corporate Income Taxes

Welcome to the second session of the Tax Foundation's State Tax Policy Bootcamp 2026. In this episode, Jared Walczak, Senior Fellow at the Tax Foundation, provides a comprehensive overview of corporate income taxes—how they work, who really pays them, and why they matter for state competitiveness. Learn how corporate income taxes are imposed, how states determine what multistate business activity is taxable, and the economic considerations lawmakers need to understand. From nexus rules and apportionment formulas to the impact of federal tax reform, this session covers the essential concepts for anyone working in state tax policy. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📋 TIMESTAMPS 0:00 – Introduction to corporate income taxes 1:00 – Corporate tax rates across states: 2% to 11.5% 2:00 – States without corporate income tax (Texas, Washington, Ohio, Wyoming, South Dakota) 3:00 – C corporations vs. pass-through businesses explained 4:00 – Economic incidence: Who really pays? (shareholders, workers, consumers) 5:00 – State vs. federal corporate tax incidence differences 6:00 – Nexus: Physical presence and economic nexus rules 10:00 – Apportionment: How states divide multistate income 12:00 – Single sales factor vs. three-factor apportionment 15:00 – Market-based sourcing vs. cost of performance 18:00 – Determining the corporate tax base 20:00 – Federal conformity: Rolling vs. static conformity 25:00 – GILTI and international income taxation 28:00 – Section 163(j) interest expense limitations 30:00 – R&D amortization and the Section 174 deduction 34:00 – Throwback rules and "nowhere income" 36:00 – Tax Cuts and Jobs Act impact on state revenues 38:00 – Rationale for corporate income taxes 40:00 – Economic impact: Employment and wage elasticities 42:00 – Conclusion and resources ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📚 KEY TOPICS COVERED • Corporate income tax fundamentals and rate comparisons by state • C corporations vs. pass-through entities (S corps, LLCs, partnerships) • Legal incidence vs. economic incidence of corporate taxes • Physical presence nexus and economic nexus (post-Wayfair implications) • Public Law 86-272 and its limitations on state taxation • Apportionment formulas: Single sales factor vs. three-factor weighting • Market-based sourcing vs. cost of performance for service income • Federal conformity approaches: Rolling, static, and selective conformity • GILTI (Global Intangible Low-Taxed Income) and state responses • Section 163(j) interest expense limitations • R&D expense amortization under Section 174 • Throwback and throwout rules for "nowhere income" • Tax Cuts and Jobs Act and state corporate revenue impacts • Economic literature on corporate tax harm to employment and wages ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔗 RESOURCES & FURTHER READING Session Resources: https://taxfoundation.org/taxedu/legi... Who Bears the Burden of Corporation Taxation? A Review of Recent Evidence https://taxfoundation.org/research/al... States Don’t Need to Penalize Research & Development to Preserve Corporate Income Tax Revenue https://taxfoundation.org/research/al... State Tax Implications of the One Big Beautiful Bill Act https://taxfoundation.org/research/al... State Throwback and Throwout Rules: A Primer https://taxfoundation.org/research/al... ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 👤 ABOUT THE PRESENTER Jared Walczak is a Senior Fellow at the Tax Foundation, where he conducts research on state tax policy and helps policymakers understand the implications of tax decisions on economic competitiveness and revenue. X: https://x.com/JaredWalczak ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🏛️ ABOUT TAX FOUNDATION The Tax Foundation is the nation's leading independent tax policy nonprofit. Since 1937, our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and global levels. Subscribe for more tax policy education and analysis. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ #Corporate #Business #StateTax #TaxPolicy #StateTaxes #BusinessTax #TaxFoundation #CorporateTax #TaxReform #Apportionment #Nexus #GILTI #TaxCutsAndJobsAct #TCJA #PassThroughBusiness #SCorporation #StateTaxPolicyBootcamp #TaxCompetitiveness #Section163j #FederalConformity #TaxEducation #EconomicPolicy