State Tax

State Taxation of Banks and Financial Institutions (CA, IL, NY, TN) (Portfolio 1800)

  • This Portfolio discusses the various methods used by states to tax banks and financial institutions.

Description

Bloomberg Tax Portfolio, State Taxation of Banks and Financial Institutions (CA, IL, NY, TN), No. 1800, discusses the various methods used by states to tax banks and financial institutions. As federal restrictions on the taxation of national banks have been eased, the states have changed their schemes for taxing banks and financial institutions.

As each state has its own definition of the term “financial institution,” it is essential that practitioners have knowledge of the relevant statutes, regulations, and case law of each state. This Portfolio compiles, organizes, and analyzes the statutes, regulations, and case law that comprise the body of bank tax law in each of the states discussed.

The Portfolio brings the current application of each state’s tax on banks and financial institutions into sharper focus by tracing the history and evolution of each state’s levy on such institutions.

Specifically, this Portfolio includes a discussion of federal and California law, written by Albin C. Koch, Horgan, Rosen, Beckham & Coren; a discussion of Illinois law, written by George J. Barry, Arthur Anderson & Co., a discussion of New York law, written by Edward M. Griffith, Jr., Griffith & Yost, and a discussion of Tennessee law, written by Michael T. Petrik and John L. Coalson, Jr., Alston & Bird.

Updates to the print and internet version of the Portfolio will be incorporated directly into the Detailed Analysis.

Subscribers to the internet version of the Portfolio will find late-breaking developments reported in Bloomberg Tax Daily Tax Report – State.

This Portfolio may be cited as 1800-2nd T.M., State Taxation of Banks and Financial Institutions (CA, IL, NY, TN). Within the Bloomberg Tax Portfolio Series, however, references to these Portfolios will include only the Portfolio numbers and titles.

Table of Contents

1800.01. OVERVIEW OF ISSUES
1800.02. NEW YORK FRANCHISE TAXATION OF BANKING CORPORATIONS
1800.03. TENNESSEE TAXATION OF FINANCIAL INSTITUTIONS
1800.04. ILLINOIS TAXATION OF BANKS AND FINANCIALS
1800.05. CALIFORNIA TAXATION OF BANKS AND FINANCIAL INSTITUTIONS

Albin Koch
Albin Koch
Tax Management Portfolio Authors
George Barry
George Barry
Deloitte
Edward Griffith, Jr.
Edward Griffith, Jr.
Phillips Lytle
petrik_michael
Michael Petrik
Alston & Bird LLP
coalson-john-2015
John Coalson
Alston & Bird, LLP
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