LAW-2426 State and Local Tax
This course will survey the body of law governing the states taxation of businesses, individuals and transactions. The course focuses on the practical aspects of state and local taxation by providing students with a working knowledge of (i) various types of state and local taxes and how to compute them, (ii) how to spot federal and state constitutional issues that may limit a states ability to impose a tax, and (iii) how to challenge state tax assessments. Some attention will also be given to state and local tax policy concerns. Topics will include a brief overview of state finances, a detailed analysis of state corporate franchise and income taxation schemes (including problems of apportioment and nexus), and similar analysis of gross receipts, sales, use, property, and personal income taxation.
Prerequisite
Student has completed all of the following course(s) LAW 2200 - Basic Fed. Income Tax