The Ever-Changing State Tax World of Pass-Through Entities

Richard Jones participated in a panel discussion, "The Ever-Changing State Tax World of Pass-Through Entities," at the National Association of State Bar Tax Sections Annual Conference.

As the use of pass-through entities has increased, state tax departments have turned their focus toward taxing multistate PTEs and their owners. Recent state judicial decisions and administrative guidance have addressed how and where PTE owners are taxed on the sale of their PTE ownership interests—with mixed results and increased uncertainty. This panel discussed these and other recent developments in the taxation of PTEs, including key components and differences in the multitude of new state PTE tax regimes and the Multistate Tax Commission’s project on state taxation of partnerships.