Bill Targets Taxation of Nonresidents


States could face new limits on how they impose income taxes on nonresidents if a House proposal becomes law. Under the terms of the Mobile Workforce State Income Tax Fairness and Simplification Act of 2007 (HR 3359), introduced by Rep. Henry C. Johnson Jr., D-Ga., a state or locality could assess income taxes on an out-of-state worker’s wages only if the individual spends more than 60 days working in that state for the calendar year. Rep. Chris Cannon, R-Utah, is co-sponsoring the bill.

Some states currently tax individuals who work in the state for as little as one day. Several other states follow the 60-day rule that the federal legislation would make uniform. The full text of the bill is available at www.thomas.gov .

SPONSORED REPORT

Implementing a global statutory reporting maturity model

Assess your organization's capabilities and progress toward an ideal state of global statutory reporting. Sponsored by Workiva.

100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.