WASHINGTON -- The right of states to tax branches of out-of-state banks was affirmed this week in the Senate as lawmakers began consideration of an interstate branching bill.

However, even if the Senate provision is enacted into law, the states will be left with a number of delicate questions about the tax treatment of branches.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.