So one of the things that happens is we try to get educated about impacts but depending upon what the state does that could have a dramatic difference in what occurs. So for example, Whenever there are tax related changes, the state has to decide what it's going to conform to. Right. The way our code works frequently we mimic what goes on on the federal side but that's not a requirement obviously in all situations. (19:25–19:32)
CLAIM
Asserts that the state must decide on conformity when there are tax-related changes.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
