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State tax implications of section 174 and tax year 2023 readiness
January 16 @ 1:00 pm – 2:00 pm EST
Free
1 CPE credit
The updates to tax regulations under section 174 (IRS Notice 2023-63) introduces guidance as to how taxpayers can deduct research and experimental expense under section 174. The potential state tax implications of this guidance should be considered. We’ll discuss:
- Jurisdictions that do not conform with section 174, have elective conformity, or have other considerations that should be analyzed
- Guidance issued by states and the impact
- Leveraging section 174 analysis to identify indirect tax exemptions that may be applicable to broader groups of assets
