State and Local Tax Legislative Outlook for 2010

Most states in the United States faced historic budget deficits in 2009. The budget shortfalls facing states in 2009 will continue to plague states in 2010 and possibly beyond.

In an attempt to balance budgets, many states reacted by increasing personal income and/or sales and use tax rates, limiting use of tax attributes, accelerating cash collections, reducing or eliminating vendor compensation, holding one-time amnesty programs, as well as a myriad of other interesting ways of raising revenues.

This Webcast features professionals from KPMG's Washington National Tax group who provide an outlook on state finances and potential state tax law changes for 2010. The Webcast also takes an in-depth look at legislative proposals in California and New York.