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SALT Update for the Northeast: Significant Developments in New York, Massachusetts, Pennsylvania, New Jersey, and More

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Thursday, December 7, 2023

Recorded event now available

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This webinar will discuss current state tax developments in New York, Massachusetts, New Jersey, Pennsylvania, and other key states in the Northeast. Our panel of SALT leaders will review current cases, new laws, and legislative updates in this region of the U.S. for tax professionals working with taxpayers in these states.


State and local tax developments continue to arise in states in the upper U.S. corner. Northeastern states as well as others in the U.S. continue to modify their pass-through entity tax process. New York recently added a New York City pass-through entity tax and increased the benefits of this election for certain S corporation shareholders.

New Jersey recently added incentives for relocating employees to its state. Qualifying businesses can earn as much as $500,000 for moving employees to New Jersey. Additionally, the state implemented major changes to state taxation of New Jersey businesses, including definitive nexus rules adapted from Wayfair. Receipts of over $100,000 or more than 200 transactions will constitute nexus in New Jersey for fiscal years ending on or after July 31, 2023. The same law requires partnerships to use single sales factor sourcing.

Pennsylvania, known for having one of the highest corporate tax rates in the U.S.--9.9 percent--recently approved a tax reduction that will reduce this tax rate, beginning in 2023, over a period of years to a remarkable 4.99 percent in 2031.

State and local tax rules are constantly changing. SALT specialists working with multistate companies and individuals need to stay abreast of the latest developments.

Listen as our panel of astute state and local tax experts reviews the latest revisions to tax requirements in key states in the Northeast.



  1. SALT developments in the Northeast: introduction
  2. Massachusetts
  3. New Jersey
  4. New York
  5. Pennsylvania
  6. Other states


The panel will cover these and other critical issues:

  • New Jersey tax incentives for businesses
  • Key cases in the Northeast that affect SALT planning
  • Planning for Pennsylvania's corporate rate reduction
  • PTET updates for Northeastern states


Hoang, Tri
Tri Hoang


Mr. Hoang is a principal in Marcum’s Tax & Business Services practice. He has more than 15 years of...  |  Read More

Reed, Jeffrey
Jeffrey S. Reed

Kilpatrick Townsend & Stockton

Mr. Reed chairs the firm's State and Local Tax Practice. He helps tax directors, business owners, and individuals...  |  Read More

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