Wrapping Up June

Our June 2017 blog posts are available on insidesalt.com, or read each article by clicking on the titles below. To receive the latest on state and local tax news and commentary directly in your inbox as they are posted, click here to subscribe to our email list.

June 5, 2017: Nexus is Crucial, Complex Connection for State Tax Professionals

June 6, 2017: Substitute Alert – Delaware Technical Corrections Bill

June 8, 2017: Inside SALT Event in McDermott Will & Emery’s New York Office

New York, NY: The annual Inside SALT event took place on Thursday, June 8, 2017 in McDermott’s New York office. Tax lawyers Peter Faber, Todd Harrison, Stephen Kranz, Alysse McLoughlin, Art Rosen, Diann Smith and Mark Yopp presented a substantive half-day program highlighting many State and Local Tax updates, including recent changes specific to the New York area, Nexus developments in digital taxation, and news related to apportionment, transfer pricing and unclaimed property. The event had a successful turnout, with tax executives from many of McDermott’s top clients, and culminated in a networking reception.

June 8, 2017: Tax in the City® Event in McDermott Will & Emery’s Chicago Office

Established in 2014 by McDermott Will & Emery LLP, Tax in the City® is a discussion and networking group for women in tax that fosters collaboration and mentorship and facilitates in-person connections and roundtable study group events around the country.

McDermott’s second Tax in the City® meeting of the year took place on Thursday, June 8, 2017 in the Chicago office. The event began with a CLE/CPE presentation on Privilege and the Ethics of Connectivity. After a break for lunch and networking around the room, the program continued with a roundtable discussion focusing on best practices for drafting tax provisions in commercial contracts. Kristen Hazel spoke about drafting Letters of Intent, then Britt Haxton covered credit agreements, Sandra McGill covered withholding tax provisions, and Jane May wrapped up with settlement agreements.  Following that discussion, Mary Kay Martire passed our continuing discussion of the Illinois Grand Bargain over to Carol Portman, McDermott Alum and President of the Taxpayers Federation of Illinois, who shared with us some insights into the Illinois budget stalemate. The event concluded with Sandra McGill offering her insights into tax reform, as well as Kristen Hazel’s thoughts on preparing for new rules effective in 2018. The roundtable event aided great networking and conversations, and saw an impressive turnout with female tax leaders from many of McDermott’s client companies.

June 13, 2017: Update on Illinois Legislative Session

June 13, 2017: BREAKING NEWS: Expanded “Physical Presence” Codification Bill Introduced in House

June 19, 2017: Illinois Appellate Court Blows the Whistle on Serial Relator

June 28, 2017: Massachusetts DOR Sending Letters to Sellers Regarding July 1 Effective Date of Economic Nexus Directive

June 29, 2017: Massachusetts Department of Revenue Repeals Directive 17-1

June 29, 2017: Favorable Guidance from the New Jersey Tax Court on the ‘Unreasonable’ Exception to the Related-Party Intangible Expense Add-back

July Events:

July 10, 2017: Arthur Rosen is presenting “How Sausage is Really Made: A Primer on Lobbying” at the Institute for Professionals in Taxation Annual Conference in Charlotte, NC. Register here.

July 17-21, 2017: Arthur Rosen is presenting “Constitutional and Other Federal Limitations on State Taxation,” “State Income Taxation I,” “State Income Taxation II,” and “Mergers & Acquisitions” at NYU Summer Institute for Taxation in New York City.  Register here.

July 17-21, 2017: Alysse McLoughlin is presenting “Reserve Basics” and “State Taxation of International Operations” at NYU Summer Institute for Taxation in New York City. Register here.

July 22, 2017: Arthur Rosen will be presenting “Recent and Future Developments in New York Taxation” at the New York State Bar Tax Section’s Summer Meeting in Manchester, VT. Register here.

July 27, 2017: Arthur Rosen will be presenting “Oral Argument Regarding Retroactive State Tax Legislation” at the Georgetown Advanced State & Local Tax Institute in Washington, DC. Register here.

July 28, 2017: Catherine Battin, Stephen Kranz and Jane May will be presenting a “Discussion of State Tax Cases and Issues” at the COST Southwest/West Regional State Tax Seminar at the Union Pacific Railroad Headquarters in Omaha, Nebraska. Register here.

July 28, 2017: Stephen Kranz and Jane May will be speaking at the COST Southwest/West Regional State Tax Seminar at the Union Pacific Railroad Headquarters in Omaha, Nebraska about “Handling Tax Controversies to Win”. Register here.

July 28, 2017: Stephen Kranz will be presenting at the COST Southwest/West Regional State Tax Seminar at the Union Pacific Railroad Headquarters in Omaha, Nebraska about “State Tax Policy Update – Including State Tax Implications of Federal Tax Reform”. Register here.