The Game-Changer for State Tax (Talking Tax)
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The American Rescue Plan Act of 2021. The host for this episode is Jay Fidell. The guest for this episode is Tom Yamachika.
We discuss a provision, Section 9901 of the American Rescue Plan Act of 2021, that promises to interfere in a major way with States’ plans to offer credits and incentives if they also want federal aid. So far Treasury has not released guidance on this provision, which threatens to make problematic even such innocuous sounding legislation as conforming for State purposes to the tax deduction provisions of the ARPA, or with those of the Consolidated Appropriations Act of 2021.
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tags:
American Rescue Plan Act Diversification Economy Energy Globalization Hawaii income tax Jay Fidell popular PPP taxable unemployment benefits Tech Think Tech Hawaii Tom Yamachika