Bradley Partner Bruce Ely Quoted in Bloomberg BNA on Tribunal’s Voiding on Alabama’s Tax Credit Limit
State and Local Tax (SALT) attorney Bruce Ely was quoted in Bloomberg BNA on a state tax tribunal ruling against an Alabama tax regulation that limits credits for income taxes paid to other states. The formula that Chief Judge Bill Thompson's ruling voided indirectly pro-rates the federal income tax deduction granted by constitutional amendment, Ely explained.
The percentage “may also run afoul of the U.S. Supreme Court's latest internal consistency ruling, Maryland vs. Wynne last year,” Ely said.
The complete article, “Tribunal Voids Alabama Cap on Credit for Other States’ Taxes,” appeared in Bloomberg BNA on October 6, 2016. (login required)