NYU School of Professional Studies Presents 42nd Annual Institute on State and Local Taxation on December 11-12 in NYC

The Institute addresses all major areas of state and local taxation and attracts attorneys, accountants, state tax officials, tax directors, tax managers, and anyone seeking expert discussion of the lates in state tax developments. Participants qualify for CPE and CLE credits.

This year’s sponsors include:

Platinum Sponsors

• Andersen
• Blankrome
• CitrinCooperman
• Eversheds Sutherland (US)
• EY
• KPMG
• McDermott Will & Emery
• PWC
• Ryan
• Stevens & Lee

Gold Sponsors

• Alston & Bird
• BakerHostetler
• Baker McKenzie
• Bradley Arant Boult Cummings
• Deloitte
• Foley & Lardner
• Grant Thornton
• Lexis Nexis
• Rodriguez Law Firm
• StateTaxLaw

Silver Sponsors:

• Dinsmore
• Frost Brown Todd
• Genetelli
• HMB Legal Counsel
• Industry Sales Tax Solutions
• Jones Walker
• McNees Wallace & Nurick
• Michael Best
• Miles & Stockbridge

For this year’s event, Conference Co-Chairs Jeffrey Friedman, Esq, partner, Eversheds Sutherland (US), and Lynn Gandhi, Esq., partner, Foley & Lardner, have created a jam-packed agenda of lively panel discussions with nationally recognized experts.

Register for the 42^nd Institute on State and Local Taxation and view the latest event agenda. If you are a member of the media who would like to report on the event, please contact Michael DeMeo at michael.demeo@nyu.edu.

Current Conference Agenda, as of November 27, 2023:

Day 1: Monday, December 11, 2023:

8:00 a.m.

Registration

8:25 a.m.

Welcome Remarks

8:30 a.m.

Spare a Square?

Transfer Pricing SALT Controversies have increased over the years. States are concerned about possible abuse arising from inter-company transactions, while taxpayers counter that the state have a plethora of other weapons to deploy (e.g. forced combination, addback statutes, alternative apportionment), in lieu of disputing established transfer pricing studies.

9:20 a.m.

There Are 2, No 3, Responsible Taxpayers in Every Sales Transaction

The adoption of marketplace facilitator collection responsibilities has complicated sales tax reporting. While the “base case” of a small seller listing products for sales on a large marketplace appears straightforward, there are numerous less-than-obvious fact patters, including when marketplaces sell sell other marketplaces, seller “opt out,” mere commission sales and foreign sells. Is it time to address the inconsistent definition of “Marketplace Facilitator?”

10:25 a.m.

You Can’t Touch This – Tangible Personal Property – Is It Past Its Prime?

Tangible personal property has been a cornerstone concept for both income taxation and sales taxation. But recent court decisions have demonstrated the difficulty in defining this term. In light of the developments associated with efforts to the increasing digitalization of our economy – which has profound effects on sales taxability, income tax sourcing, and the application of Public Law 86-272, the panel covers the inconsistent interpretations of tangible person Property. Or perhaps abandon the definition altogether?

11:15 a.m.

Big Gain Hunting

States’ treatment of non-recurring extraordinary gains continue to evolve, impacting both the determination of the tax base as well as apportionment factor considers and the use of alternative apportionment. Further, gains from the sale of pass-through entity interests pose additional complications. This Panel addresses recent decisions confronting this issues that arise from transaction that produce big gains (and losses).

12:00 p.m.

NYU School of Professional Studies Paul H. Frankel Outstanding Achievement in State and Local Taxation Award Presentation

1:00 p.m.

NYU School of Professional Studies Paul H. Frankel Memorial Post-Luncheon Address

Overview and Press of Federal Constitutional Issues

2:00 p.m.

Going Local

Local taxes are proliferating and can be challenging to learn, administer, and challenge. Moreover, the disconnect from established state nexus standards and tax base definitions further complicated compliance. What do you know and need to know?

3:15 p.m.

Just Passing Through

This panel provides the state of the states’ status of tax planning, compliance, and controversies associated with ownership of multistate partnerships and LLCs. Coverage addresses the complexities arising from the new PTE tax regimes and combined reporting issues.

4:15 p.m.

So, Now What Do We Do? Ethical Challenges Associated With Tax Filings

A client or colleague messes up a tax return, failed to timely file a return, or perhaps needs to correct a return previously filed. The speakers evaluate the options for fixing mistakes, and the practical opportunities to coming clean, resolving presentation issues, evaluating playing the audit lotter, as well as other options that will let you sleep easier at night.

Day 2: Tuesday, December 12, 2023:

8:30 a.m.

What’s On The Horizon?

The one thing we know for sure is the SALT will continue to evolve. Will we see more grows receipts taxes? Digital Advertising taxes? Will states continue to limit the applicability of P.L. 86-272? The speakers share their views on the most interesting and expected state and local tax changes over the next few years.

9:25 a.m.

Rest Insured: The Pros and Cons of Insuring State Tax Positions and Controversies

What exactly is tax insurance, and what are the considerations to obtaining a policy? Considerations may vary between the insured (taxpayer) and insurer. Hear about how insurance companies assess the insured’s return positions/transaction/litigation position. In addition, what re the tax accounting considerations of the insured? There is more behind the curtain to learn.

10:30 a.m.

Best Practices in Sales and Use Tax Compliance

The use of shared service centers, AI, and other technologies have become the standard in sales and use tax compliance. This panel identifies the best practices that address the most common challenges, particularly those associated with the defining and using taxable services, implementation and maintenance of complex tax matrices, and adherence to tax account rules.

11:20 a.m.

The Tri-State Panel

A lively discussion of current key topics with state tax officials from New York, New Jersey, and Connecticut.

1:15 p.m.

What’s Happening Everywhere Today?

It’s hard to cover the ever-changing state and local tax landscape, but an all-star team of “special reporters” provides a rundown of what tax professionals need to know about the most important SALT developments from across the nation.