State and Local Taxation

Credit Hours: 2

This course introduces students to the law of state and local taxation. Taxes covered include the real property tax, state personal and corporate income taxes, and sales taxes. Important concepts taught in the course are the federal statutory and constitutional limits on a state's jurisdiction to reach beyond its borders to tax out-of-state taxpayers. Important current developments covered will include recent case law, the creation of the Streamlined Sales Tax Project (SSTP), the impact of the Internet Tax Freedom Act and the influence exerted by the Multistate Tax Commission (MTC).