State Tax Update: Maryland, Virginia & Georgia Webinar
Overview
Stay current on the latest state tax developments affecting businesses and tax professionals in Maryland, Virginia, and Georgia. In this timely webinar, our state and local tax specialists will provide a practical overview of recent legislative and regulatory changes, including the impact of the One Big Beautiful Bill Act (OBBBA), state conformity to the Internal Revenue Code, and evolving Pass-Through Entity Tax (PTET) rules. This webinar will:
- Explain rolling and static Internal Revenue Code conformity and how each impacts state tax compliance
- Review key OBBBA provisions affecting business and individual taxpayers, including Section 163(j), Section 174 research and development expenses, bonus depreciation, Section 179, and the SALT deduction
- Discuss recent PTET developments and planning considerations for pass-through entities
- Examine significant tax law changes in Georgia, Maryland, and Virginia for the 2025 tax year
- Highlight state-specific conformity differences and their impact on federal tax provisions
- Provide practical guidance for navigating multistate tax compliance and planning opportunities
This course qualifies for IRS Continuing Education Credit.
Objective
To provide tax professionals and business owners with an update on recent state tax developments in Maryland, Virginia, and Georgia, including conformity rules, OBBBA provisions, and key legislative changes impacting state tax compliance and planning.
Emphasis
- Internal Revenue Code Conformity
– Rolling vs. static conformity
– State conformity considerations and how it impacts the application of provisions in:
• Section 163 (j), Section 174, bonus depreciation, Section 179
– Impact on multistate tax compliance - One Big Beautiful Bill Act (OBBBA)
– Section 163(j) business interest limitations
– Section 174 research and development expenses
– Bonus depreciation
– Section 179 expensing
– SALT deduction changes - Pass-Through Entity Tax (PTET)
– SALT cap considerations
– Election requirements
– State-specific PTET rules - Georgia Tax Updates
– IRC conformity
– Corporate income tax rate reductions
– PTET election requirements - Maryland Tax Updates
– Automatic decoupling provisions
– Maryland sales and individual income tax updates
– PTET base expansion
– Individual income tax updates - Virginia Tax Updates
– Transition to static conformity
– Business interest deduction treatment
– Permanent PTET provisions - Multistate Tax Planning Considerations
– Conformity differences
– Compliance challenges
– Practical planning opportunities
This course is included in the following subscriptions:
Need more than one course? Upgrade to a subscription and save.
View Subscriptions