The Pitfalls and Considerations for Drafting State Tax Legislation


Diann Smith said that tax professionals who draft or amend tax legislation should use existing models, because this is “not a quick process, so it has to be something that you are willing to wait some time for, and … there will be different stakeholders that are going to be involved.” Stephen Kranz agreed that “having preamble or findings language does help flesh out the intent and purpose of legislation” since tax professionals “are keenly interested in substantive clarity and getting an answer that accurately reflects what the stakeholders were seeking to achieve.”