Senate Bill Aims to Simplify Income Taxes for People Working in Multiple States... A bipartisan bill has been introduced in the Senate with the goal of simplifying income tax collections for taxpayers who work in multiple states. Senators Sherrod Brown, D-Ohio, and John Thune, R-S.D., led a bipartisan group of senators Tuesday to introduce the Mobile Workforce State Income Tax Simplification Act, legislation that would simplify and standardize state income tax collection for employees who travel outside of their home state for temporary work assignments. While some states require state income tax filing for as little as one day of work in the state, the Mobile Workforce State Income Tax Simplification Act would establish a 30-day threshold to help ensure that an equitable tax is paid to the state and local jurisdiction where the work is being performed while alleviating employees and employers from burdensome tax requirements. “This common-sense legislation will help simplify and standardize tax filing for employees and employers that conduct business in multiple states,” Brown said in a statement. “This is a great example of government working to reduce burdensome and confusing barriers to help ease the cost of doing business for employers and their workers.” The bill would also help employers who must file withholdings and reporting requirements. Currently, individuals and employers face up to 41 different state income tax reporting requirements that vary based on length of stay, income earned, or both. The Council on State Taxation, a nonprofit trade association that engages in interstate and international business, lists the as its number one federal legislative priority. This legislation is also supported by the American Council of Life Insurers, the Financial Services Roundtable, the Motion Picture Association of America, the National Association of Manufacturers, the National Retail Federation, and the U.S. Chamber of Commerce.
Posted on: Thu, 07 Nov 2013 16:35:28 +0000
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