National Restaurant Association: State-by-State Impacts of New Federal Tax Law

Description

On Thursday, Dec. 4, 2025, join us at 1 p.m. ET for a policy webinar breaking down how states are responding to the new federal tax laws. States will also have their say, and some are quickly responding in their own ways. Tax “conformity” – or how much a state tax system matches federal laws – can be adopted automatically, adopted with minor changes, or completely decoupled. For example, Illinois and Michigan have explicitly changed their tax laws to disallow tax deductions (on state taxes) for 100% bonus depreciation.

We’ll explore how state-level tax codes may respond, what that means for your bottom line, and how to prepare for both the opportunities and challenges ahead.

Key Takeaways:

• Why have some states already decoupled from the federal business tax deductions.
• States may allow an even bigger tax deduction by adopting state-level No Tax on Tips and No Tax on Overtime.
• What to look for as your statehouse begins to convene for 2026.