A Council On State Taxation representative told the National Conference of State Legislatures they should expect a hearing before the Senate Finance Committee this fall.

Speaking on Aug. 19, COST Legislative Director Joseph R. Crosby said unless an urgent matter affects the Senate committee's schedule, a number of issues floating around in multistate tax circles would be discussed at the hearing, though not necessarily legislation.

A few days earlier, Neal Osten, federal affairs counsel for the NCSL's communications and interstate commerce committee, reported that Sen. Chuck Grassley, the Iowa Republican who chairs the Finance Committee, had said he was likely to hear a federal streamlining bill and that he'd hear all the other state tax issues at the same time.

Other issues to be discussed include: a court's decision finding an Ohio investment tax credit unconstitutional; state-led efforts for federal legislation to streamline sales-and-use tax collection; a federal bill to establish a bright-line physical presence standard for state corporate taxes; and telecommunications taxes.


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