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5 Jan 2021, 6:00 am by Kevin Kaufman
In addition to the major tax changes mentioned here, many states will see automatic increases in their unemployment insurance (UI) tax rates in 2021 due to significant trust fund drawdown in 2020 amid the pandemic, and several states have enacted conformity legislation to reflect changes in the federal tax code that were made by the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was enacted in March 2020. 2021 State Corporate Income Tax Changes Arkansas In 2019,… [read post]