This course introduces the student to the fundamentals of state and local taxation. The course is not intended to make the student technically proficient in all areas of state and local taxation, but rather, it surveys the taxes that states generally impose on its citizens, corporations, and other entities. The impact on society of current and proposed state and local taxes will be explored through the study of assigned readings and in-depth class discussions. Prerequisite: TXX 5762.

( TXX 5762 OR GMP 5762 )

Entrance Competencies

All students must have completed at least two terms of Intermediate Accounting, one term of Cost Accounting, and one term of Advanced Accounting. This course assumes that all of the studetns are competent in both Financial and Managerial Accounting concepts and procedures.

Exit Competencies

Students will have:

1)        An understanding of the various state and local income tax regimes.
2)        An understanding of the various state tax treatments of limited liability companies and partnerships.
3)        An understanding of the various state tax treatments of C and S corporations.
4)        An understanding of state tax policies concerning apportionment of income.
5)        An understanding of state tax policies concerning net operating losses.
6)        An understanding of the various state tax treatments of estates and trusts.
7)        An understanding of the various state and local tax treatments of tangible and intangible property.
8)        An understanding of the various state sales and use tax regimes.

1. Required Materials


1. Textbooks

2009 State Tax Handbook - 2009
CCH Editorial Staff
Commerce Clearing House
ISBN: 9780808019213

Notes: Textbooks may be purchased from the NSU Bookstore by calling 1-800-509-2665 or online at www.nsubooks.bkstore.com.

State Tax Policy - 2006
Brunori, David
Urban Institute Press
ISBN: 9780877667261

Notes: Textbooks may be purchased from the NSU Bookstore by calling 1-800-509-2665 or online at www.nsubooks.bkstore.com.


APA Manual
Effective October 1^st 2009, the 6th edition of the APA Manual is required for all courses.

NSU Bookstore
Textbooks and Case Studies may be purchased from the NSU Bookstore (located in the University Park Plaza) by calling 1-800-509-2665 or online at http://www.nsubooks.bkstore.com.



2. Recommended Materials

CCH Editorial Staff
U.S. Master State Tax Practice and Procedure Guide (Third Edition)
ISBN: 0-8080-1066-2

CCH Editorial Staff
2003-2004 U.S. Master Multistate Corprate Tax Guide
ISBN: 0-8080-0975-3

Journal of State Taxation (published by CCH quarterly)

CCh's Guide to Florida Taxes (2005)

The NSU libraries comprise the Alvin Sherman Library, Research, and Information Technology Center, East Campus Branch Library, Health Professions Division Library, Law Library and Technology Center, North Miami Beach Branch Library, University School Library Media Centers, and the William S. Richardson Ocean Science Library. Students are strongly encouraged to visit one of the physical locations and/or take advantage of the vast electronic library available for research. For more information, please visit http://www.nova.edu/library.

Please note that all required and recommended materials should be referenced in APA style.