|Staff of the American Institute of CPAs (AICPA) joined state lawmakers from across the country to discuss tax policy issues at the August meeting of the National Conference of State Legislatures’ (NCSL) Task Force on State and Local Taxation. Key topics included state efforts to collect sales and use taxes, taxation of legalized marijuana, virtual currency and tax return fraud. The task force meeting was held in conjunction with the NCSL’s annual meeting. |
“The task force meeting is a great opportunity to examine emerging trends and issues in tax policy, to consider how these trends will affect CPAs and to consider possible responses that will best protect the profession and the public,” said James Cox, the AICPA’s senior manager for state legislation. Three of the task force’s 28 members are CPAs: Sen. Curtis Bramble of Utah, Sen. Deb Peters of South Dakota and Rep. Julie Stokes of Louisiana. In addition to serving on the task force, Sen. Bramble serves as the
In addition to serving on the task force, Sen. Bramble serves as the incoming president of NCSL, Sen. Peters has - See more at: http://edit.aicpa.org/Advocacy/CPAAdvocate/2015/Pages/AICPA-Meets-with-State-Lawmakers-at-NCSL.aspx#sthash.fXVEGckc.dpuf
|Utah Sen. Curtis Bramble, CPA at right|| |
|incoming president of NCSL, Sen. Peters has been elected as NCSL’s vice president and Rep. Stokes is a member of the NCSL executive committee. |
The AICPA also met with other state legislators during the 2015 NCSL Legislative Summit, which followed the task force meeting.
“The task force meeting and summit allow us to grow the profession’s brand overall and to speak about specific issues of importance to the profession – things like promoting financial literacy programs and some states’ need to adopt the comprehensive definition of attest,” Cox said. The AICPA and state CPA societies across the country have been encouraging state legislatures to adopt the comprehensive definition of attest, which closes a loophole that allowed non-CPAs to perform certain attest services. Thus far, 30 states have adopted the comprehensive definition.
For more information on state-level issues and legislation affecting the accounting profession, please contact James Cox at 202.434.9261 or firstname.lastname@example.org.