#LegalBytes: The Official Podcast of Cummings & Cummings Law

Attorney and CPA Chad D. Cummings examines Kansas’s tax position in this presentation. The state ranks 23rd on the Tax Foundation’s 2026 State Tax Competitiveness Index with a top individual income tax rate of 5.58 percent that kicks in at a very low income threshold, a graduated corporate rate reaching 7.0 percent, and a throwback rule that taxes out-of-state sales. While Kansas is attempting further reforms, those reductions depend on revenue triggers and remain subject to political risk. Florida and Texas impose no state personal income tax, giving business owners a clear advantage. This presentation shows how redomestication allows Kansas companies to transfer their company's home state to Florida or Texas without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If you own a business in Kansas, the gap between your current rate and zero is significant and growing. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings highlights Iowa’s remarkable tax reform journey in this presentation. The state has climbed from 43rd to 17th on the Tax Foundation’s 2026 State Tax Competitiveness Index with a flat individual and corporate income tax rate now at 3.8 percent and scheduled to drop to 3.5 percent. These changes represent one of the most aggressive reform stories in the country. Yet Iowa still imposes a 3.8 percent state income tax plus local income taxes in many counties, taxes tangible personal property, and faces the largest revenue shortfall relative to trend of any state. Florida and Texas impose no state personal income tax at all. This presentation shows how redomestication allows Iowa business owners to transfer their company to a new state, like Florida or Texas, without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If you own a business in Iowa, the progress is impressive, but zero remains the better number. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings examines Indiana’s tax competitiveness in this presentation. The state ranks tenth on the Tax Foundation’s 2026 State Tax Competitiveness Index with a 3.0 percent flat individual and corporate income tax rate scheduled to drop further. However, Indiana’s 92 counties can add local income taxes ranging from 0.5 percent to 3.0 percent, pushing the effective combined rate as high as 6.0 percent in some areas. This hidden local burden makes Indiana less competitive than its headline rate suggests, especially when compared to Florida and Texas, which impose no state personal income tax at all. For a pass-through business with five hundred thousand dollars in annual income, the difference can exceed twenty-seven thousand dollars per year. This presentation shows how redomestication allows Indiana business owners to move their company to Florida or Texas without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If you own a business in Indiana, the effective rate you actually pay may justify making the move. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings explains why Illinois continues to lose businesses and residents in this presentation. The state ranks 38th on the Tax Foundation’s 2026 State Tax Competitiveness Index with the third-highest corporate income tax rate in the nation at 9.5 percent, the highest property taxes in the country, and public pensions funded at only 52 percent. A proposed constitutional amendment would raise the top individual income tax rate to 7.95 percent and lock it in, removing the legislature’s ability to reverse course. Meanwhile, Florida and Texas impose no state personal income tax and offer far more competitive environments. This presentation shows how redomestication allows Illinois business owners to transfer their company’s home state to Florida or Texas without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If you own a business in Illinois, the trajectory makes clear why now is the time to act. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings examines Idaho’s strong but not optimal tax position in this presentation. The state has earned a top-ten ranking, climbing to ninth on the Tax Foundation’s 2026 State Tax Competitiveness Index with a flat 5.3 percent individual and corporate income tax rate. While this represents meaningful progress and Idaho offers low debt, strong pension funding, and no estate tax, neighboring states deliver better outcomes. Florida and Texas impose no state personal income tax at all. For a pass-through business generating five hundred thousand dollars in annual income, that 5.3 percent rate equals twenty-six thousand five hundred dollars per year that simply does not exist in those states. This presentation shows how redomestication allows Idaho business owners to change a company's state to Florida or Texas without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If you own a business in Idaho, this could be the strategic decision that maximizes your long-term savings. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings explains why Hawaii remains one of the least competitive tax jurisdictions in the country in this presentation. The state ranks 41st on the Tax Foundation’s 2026 State Tax Competitiveness Index with twelve income tax brackets topping out at 11 percent, a $25,000 Section 179 expensing cap, a 20 percent estate tax, and a throwback rule that penalizes companies with out-of-state sales. These structural burdens, combined with high per capita tax collections and severely underfunded pensions, continue to drive residents and businesses away. Florida and Texas impose no state personal income tax and offer far more competitive environments overall. This presentation shows how redomestication allows Hawaii business owners to transfer their company to Florida or Texas without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If you own a business in Hawaii, the numbers make a strong case for change. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings analyzes Georgia’s tax competitiveness in this presentation. The state has made impressive progress, climbing from 28th to 18th on the Tax Foundation’s 2026 State Tax Competitiveness Index with a flat 5.19 percent individual and corporate income tax rate scheduled to drop further to 4.99 percent. Yet Georgia remains surrounded by stronger competitors: Florida and Tennessee impose no state income tax, while North Carolina’s rates are lower and continue to decline. For a pass-through business with $500,000 in annual income, that 5.19 percent difference equals $25,950 per year that stays in the business when domiciled in Florida or Texas. This presentation explains how redomestication allows Georgia business owners to move the company to a new state without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If you own a business in Georgia, the numbers next door make the case for action. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings explains the extreme tax and fiscal burden facing businesses in the District of Columbia in this presentation. DC collects the highest tax revenue per capita in the nation at $15,009, yet it also carries the highest per capita debt at $32,166 and ranks 48th on the Tax Foundation’s 2026 State Tax Competitiveness Index. With a top individual income tax rate of 10.75 percent, an 8.25 percent corporate rate, complex compliance rules, and structural weaknesses that push high earners to neighboring states, the District continues to extract more while delivering less competitive conditions. Florida and Texas impose no state personal income tax and offer significantly lighter overall burdens. This presentation shows how redomestication allows business owners to transfer their company to a new state without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If your business is domiciled in DC, the numbers make a compelling case for change. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings presents this important overview of why Florida remains one of the strongest states for business ownership and how redomestication provides flexibility when life requires a move. Florida ranks fifth nationally on the Tax Foundation's 2026 State Tax Competitiveness Index with no state personal income tax, no estate tax, and a competitive corporate structure that applies only to larger C corporations. This presentation explains how redomestication works in both directions: bringing a company into Florida from a high-tax state or transferring your company out of Florida when personal circumstances such as family needs, spousal relocation, or new business opportunities arise. The process transfers your company's legal domicile without dissolution, without creating a new entity, and without triggering federal income tax when performed correctly. Your company keeps its FEIN, contracts, credit history, and bank accounts intact. Whether you are moving to Florida or need to take your Florida-domiciled company with you to another state, this presentation shows the proper legal path. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings explains why Delaware is no longer the default choice for corporate domicile in this presentation. Once considered the gold standard, Delaware now ranks 24th on the Tax Foundation’s 2026 State Tax Competitiveness Index and continues to lose major companies such as Tesla, ExxonMobil, TripAdvisor, Dropbox, and Pershing Square to more competitive states. With a 6.6 percent top individual income tax, 8.7 percent corporate income tax, a gross receipts tax, capital stock tax, and a Court of Chancery that has lost credibility with the business community, Delaware’s advantages have faded. Florida and Texas offer no state personal income tax and far more business-friendly structures. This presentation shows how redomestication allows you to transfer your company’s legal domicile out of Delaware without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving your FEIN, contracts, credit history, and bank accounts. If your company is still domiciled in Delaware, this could be the strategic move that positions you for the future. Learn more: https://www.cummings.law/redomestication/