Be Ready for New State Taxes on Equity - 15 Aug 2011

It
is increasingly common for executives to provide services in more than
one state after receiving an equity compensation award, whether it be
stock options, stock appreciation rights, restricted stock, or
restricted stock units. These awards often vest over 3 to 5 years, and
stock options typically may be exercised up to 10 years after the grant
date.
While
it is well recognized that assignments outside of the United States can
create foreign tax issues for executives with respect to equity
compensation awards, considerably less attention has been paid to
potential state income-tax liabilities when executives regularly provide
services in a state other than their state of residence or relocate to
another state.
In need of additional revenue, some states are becoming increasingly aggressive about assessing taxes against nonresidents
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