The week in state tax news: Iowa, Hawaii, Montana, and Nebraska have all acted on legislation creating “SALT cap workarounds” this month. Are any states left without a pass-through entity tax regime? Meanwhile, the Supreme Court offered some views on what should happen to surplus proceeds when a property is seized and sold to settle tax debts.
It’s getting to the point where tax wonks can count the states without a pass-through entity tax regime on one hand.
Nebraska is poised to join the expanding club of states with a “SALT cap workaround” for the ...