DC Eliminates the Terminating Business Gain Exclusion for the UBT Effective January 1, 2021

SALT Chat

11.23.20 | SALT Chat

My colleagues Sarah Kim and Ken Maeng report on the District of Columbia Budget Support Emergency Act which eliminates the Terminating Business Gain Exclusion for Unincorporated Business Franchise Tax effective January 1, 2021. To learn more, click here.

If you have questions contact me at wberkowitz@berdonllp.com or your Berdon Advisor.

Wayne Berkowitz, a tax partner and co-leader of the State and Local Tax Group at Berdon LLP, advises on the unique requirements of governments and municipalities across the nation.