Changing With The Times At The DOR

The expression "changing with the times" means to adapt actions, beliefs and behaviors to be more modern or in line with current trends. It requires staying current with new technologies and developments. In doing so, one can adjust their thinking and plan accordingly. Important to this process is having flexibility and the ability to change direction as evolving circumstances warrant.

Over the years, the Department of Revenue has responded to adverse decisions, evolving technology or demographic shifts with an aggressive "change with the times" mindset. This evolution can be seen throughout all tax types administered by the commissioner of revenue.

Thirty-plus years ago, when state tax planning was an art, many corporations set up intellectual property holding companies to generate state income tax deductions.