State and Local Tax Considerations for Businesses Under the CARES Act by Karen A. Lake, CPA

The CARES Act tax provisions will directly impact states that have statutory federal conformity provisions that tie them automatically to the federal changes, except where the state explicitly decouples from the IRC treatment or provides a specific modification. Area to consider are (1) Limitation on Business Interest under Section 163(J), (2) Net Operating Losses under Section 172,  and (3) Qualified Improvement Property. For more information clink in link to full article. https://bit.ly/2YzEuIb