Council on State Taxation

Last updated
Council On State Taxation (COST)
Company type Trade association
Founded Washington, D.C., U.S. (1969 (1969))
Headquarters,
Area served
North America
Website http://www.cost.org/

The Council on State Taxation (COST) is a state tax organization representing business taxpayers. [1] [2] It has been noted by one prominent tax policy expert[ who? ] as the "most influential nongovernmental organization in the state tax policy arena."[ attribution needed ] COST is a non-profit trade association based in Washington, D.C. consisting of approximately 550 multistate corporations engaged in interstate and international business. [3] COST was formed in 1969 as the "Committee on State Taxation" by a handful of companies under the sponsorship of the Council of State Chambers of Commerce, an organization with which COST remains associated. [3] [1] In 2000, the organization changed its name to "Council on State Taxation". [3] COST's objective is to preserve and promote equitable and nondiscriminatory state and local taxation of multijurisdictional business entities. [4] [1] [2]

Contents

Membership

COST membership is exclusive, only multistate businesses that are not engaged in tax advising or consulting may apply for membership. As a member of COST, a business will have access to the following benefits:

Education

COST offers education opportunities. COST events include:

All COST programs qualify with state boards of accountancy and state bar associations for continuing education credits.

Advocacy

COST's advocacy program is oriented toward active involvement on state tax issues of broad importance to the membership. COST advocates on behalf of its membership in the legislative, judicial and administrative arenas. State and local government policymakers rely heavily on COST staff in formulating, implementing, and changing the state tax landscape. COST's reputation as the nationwide voice of corporate taxpayers has garnered respect from the leadership of the National Conference of State Legislatures, the Federation of Tax Administrators, the National Governors Association, and even the Multistate Tax Commission. COST's involvement in an issue on behalf of its corporate membership signals to state leaders that the issue is one of importance. COST also serves as a resource on business tax issues to other organizations, including State Chambers of Commerce and state taxpayer associations, as those groups develop strategies to address complex state tax matters.

COST disseminates information on pertinent legislative, judicial and regulatory developments through regular publications, and coordinates advocacy activities with members and other sympathetic parties. COST files amicus briefs with state and federal courts, provides testimony (oral and written) before legislative and administrative bodies, meets regularly with state policymakers, and brings together interested members to enhance advocacy activities on targeted issues.

Public policy goals

  1. "COST will educate policymakers and the public regarding the state and local tax system and businesses direct and indirect contributions to the state and local tax system. COST will further educate policymakers and the public regarding the state and local tax system's impact on business, jobs and investment." [5]
  2. "COST will regularly evaluate the state and local tax system to determine whether the statutes, rules, legal decisions and policies governing tax administration are fair, efficient and customer-focused." [5]
  3. "COST will work to improve tax administration where it is not fair, efficient and customer-focused. Wherever possible, COST will see to partner on these efforts with the Federation of Tax Administrators, the Multistate Tax Commission, the National Conference of State Legislatures and other representatives of state and local governments. [5]

Publications

COST utilizes electronic broadcast email to keep members informed of the most important issues. COST newsletters are distributed to COST members for free on a weekly basis. Those newsletters include:

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References

  1. 1 2 3 "COST - Council On State Taxation". www.cost.org. Retrieved 2023-01-03.
  2. 1 2 "2018 Kentucky Tax Changes - TaxAnswers.ky.gov" (PDF).
  3. 1 2 3 Turner, Timothy J. (2005), Local government e-disclosure & comparisons, Lanham, Maryland: University Press of America, pp. 124, 292, ISBN   978-0-7618-3071-9, OCLC   58676688
  4. 1 2 Nash, Shannon King; Djordjevich, edited by Vera; Vault, the staff of (2004), Vault guide to tax law careers, New York, NY: Vault, pp. 117, 155, ISBN   978-1-58131-273-7, OCLC   55067323 {{citation}}: |author2= has generic name (help)
  5. 1 2 3 "COST Public Policy Objectives" (PDF). Council On State Taxation. Archived from the original (PDF) on 2012-02-27. Retrieved 2016-06-26.