SALT Update is an electronic newsletter published by Crowe Chizek and Company LLC devoted to state and local tax issues. Each newsletter provides you with updates on current legislation that could affect your business, along with cost-saving ideas.

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Recent Update

Download full update U.S. Supreme Court Affirms Favorable Treatment for Home-state Municipal Bonds The U.S. Supreme Count reversed a decision of the Kentucky Supreme Court holding that the state can exempt home-state municipal bond interest from taxation while taxing out-of-state municipal bond interest. The opinion, issued on May 19, was in the case Department of Revenue of Kentucky v. Davis, No. 06–666.