Alysse McLoughlin, a partner on the state and local tax team in the New York office, presented during the Institute for Professionals in Taxation's (IPT) 2026 Annual Conference on June 23, 2026, in Honolulu, Hawaii. During her presentation "Mahalo or Mayhem? State Reactions to Federal Foreign Income Changes," Alysse examined how states are responding to recent changes in federal international tax rules and the rapidly evolving landscape that state and local tax professionals must navigate. The discussion explored the transition from Global Intangible Low-Taxed Income to Net Controlled Foreign Corporation Tested Income, the potential return of worldwide combined reporting requirements, and the resulting state tax planning and compliance considerations for businesses operating across multiple jurisdictions.