We would like to thank Jennifer Burleson – Director, Tax Policy Division, Texas Comptroller of Public Accounts, Mary Martin Mitchell – Acting Director, Tax Policy and Governmental Affairs Division, Alabama Department of RevenueArthur Parham – Retired General Tax Advisor, Entergy, and Kevin Richard, Secretary, Louisiana Department of Revenue for being our luncheon

Addendum – Estimated Tax Payments:  Just after our article went to press, we received some informal guidance from the DOR regarding estimated tax payments that presents a bit of a conundrum for those considering the PTE election.  As explained below, it may be necessary to make duplicate estimated payments at both the entity

This year, a number of state legislatures considered and passed legislation that creates a pass-through entity (PTE) tax as a workaround to the $10,000 cap on the state and local tax (SALT) itemized deduction. Nearly 30 states have enacted a PTE tax. Mississippi is one of the more recent states to join the ranks.

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