In “California Office of Tax Appeals Rejects Franchise Tax Board’s Broad Interpretation of California’s “Doing Business” Standard,” the SALT team examines the board’s rejection of the California Franchise Tax Board’s (FTB) extremely narrow interpretation and application of Swart Enterprises, Inc. v. Franchise Tax Board, involving California’s “doing business” standard.
“Federal Tax Changes Rocking the SALT Landscape”
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On November 16, Carley Roberts presents “Federal Tax Changes Rocking the SALT Landscape” during Tax Executives Institute’s New Jersey All-Day Seminar.
California Update
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On November 12, Jeffrey Vesely presents the California Update during the 2018 Annual Meeting of the Financial Institutions State Tax Coalition.
“Top Trends in State Income and Indirect Taxes”
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On November 6, Carley Roberts and Nicole Boutros present “Top Trends in State Income and Indirect Taxes” during Tax Executives Institute’s Atlanta Chapter Luncheon Meeting.
Council On State Taxation’s 49th Annual Meeting
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On October 24, Annie Huang, Carley Roberts, Jeffrey Vesely, Jessica Allen and Mike Le present during the Council On State Taxation’s 49th Annual Meeting.
Western States Petroleum Association’s Property Tax Educational Forum
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On September 18, Breann Robowski presents during the Western States Petroleum Association’s Property Tax Educational Forum.
Local Sugar Taxes May Be Headed for a Crash
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(This article was originally published by Law360 on August 24, 2018.)
California is the latest to join a growing list of states to ban local taxes targeted at sweetened beverages or similar sugar taxes. California Assembly Bill 1838 signed into law on June 28, 2018, imposes a 13-year ban on any new local taxes on carbonated and noncarbonated beverages and other “groceries.”1 Arizona and Michigan have done the same and three more states, Oregon, Pennsylvania and Washington are considering similar bans. The public policy debates behind these recent legislative enactments are no different than the all too familiar “sin taxes” that harken of decades, if not centuries past.
Aside from the inherent differences between sugary groceries and the likes of tobacco, alcohol or gambling, sweetened beverage taxes imposed at local levels pose serious compliance issues for distributors and retailers. The recent popularity of these taxes at the local level not only has the beverage and retail industry fired up over the compliance issues, but citizens are beginning to recognize the paternalistic nature of these taxes and their regressive effects on the communities.
Council on State Taxation’s Property Tax Workshop 2018
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On August 15, Craig Becker, Breann Robowski and Robert Merten present during Council on State Taxation’s 2018 Property Tax Workshop.
Life in the Fast Lane … New Rules of the Road for Internet Regulation: How Do Changes in Net Neutrality Impact Property Taxes?
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On July 31, Breann Robowski presents “Life in the Fast Lane … New Rules of the Road for Internet Regulation: How Do Changes in Net Neutrality Impact Property Taxes?” during the Center for Management Development’s 48th Annual Taxation Conference Appraisal for Ad Valorem Taxation Conference 2018.
Captive Audience: More States Instruct Taxpayers to Include Captive Insurance Companies in Combined Returns
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(This article was originally published by Bloomberg’s Daily Tax Report: State.)
Recent developments in several key states, including Illinois, New York, Minnesota, and Oregon, will impact many captive insurance companies. These states are moving to include certain captives in corporate income tax combined returns with parents and affiliates. The effect of combination is to tax the captives’ investment income and to disallow the deductions for premiums paid to the captives. New York and Minnesota are also using the federal definitions of “insurance” to determine whether captive insurance companies are combinable and subject to corporate income tax.