2025 Current Issues in State and Local Taxation hosted by EY

Get ready to dive deep into the hottest topics surrounding state and local taxation in 2025 with EY - it's going to be a game-changer!

About this Event

2025 Current Issues in State and Local Taxation hosted by EY - 4 Hour CPE

TEI Philadelphia is delighted to extend an inviation to you to join us for an informative event hosted by Ernst & Young where industry experts will discuss the latest trends and challenges in state and local taxation. This in-person event is a great opportunity to network with professionals in the field and gain valuable insights into tax issues affecting businesses today. Don't miss out on this chance to stay ahead of the curve and enhance your knowledge in tax matters. Register now to secure your spot!

Agenda


🕑: 08:30 AM - 09:00 AM
Registration/ Light Breakfast

🕑: 09:00 AM - 09:30 AM
Introductions

🕑: 09:30 AM - 10:20 AM
Tax Credits & Incentives: Steven Tozier, Executive Director

Info: o Federal incentives update

Impact of recent executive orders on tax credits under IRA and the grants and loans under IIJA

The maturing marketplace for IRA tax credit transfers

o Trends in state and local incentives

Impacts on business expansion decisions as it relates to evolving global trade/tariff policy

State and local economic development landscape

o Leading practices related to financial incentives identification and capture

🕑: 10:20 AM - 11:00 AM
State Income and Franchise Tax: David Dudrear, Executive Director

Info: o State Tax Policy - Impact of proposed federal budget and tax changes on state finance and tax structures

 Top Budgets to Watch: CA, FL, IL, MD, MA, NY, NJ, PA, TX

 Key Legislation / Regulations

o State controversy opportunities

o Hot topics and changes impacting TY24 compliance

 Apportionment updates – Arkansas, California, Louisiana, Tennessee

 Restricted use of tax attributes – California*, Illinois, Pennsylvania

 Franchise tax changes – Louisiana, Tennessee

 Return and filing updates – California, Minnesota

o Federal income tax conformity update: cross-border transactions

 IRC § 168(k), 163(j) and 174

 IRC § 174 and Notice 2023-63 conformity

o Multistate sourcing of digital goods / service receipts

 State tax characterization of digital receipts

 State tax specific sourcing rules

🕑: 11:10 AM - 11:25 AM
Break

🕑: 11:25 AM - 12:15 AM
Sales & Use Tax: Tony Zambetti, Senior Manager & Nick Mizia, Manager

Info: o Taxation of Software

 PA, NJ, NY - general rules, my experiences with refunds & audits, etc.

 Software used for financial institutions

 Software used in the course of business vs. not

 Software maintenance vs. nontaxable computer services

o Multiple point of use allocations for Pennsylvania

o Pennsylvania appeal procedural changes

 New Mediated Settlement Conferences

 New deadline time-limits at BFR

o VDAs/Tax Amnesty Programs

o Recent law changes in PA, NJ, or NY

🕑: 12:15 PM - 12:45 PM
Lunch Break

🕑: 12:45 PM - 01:35 PM
Employment Tax: Trevor Dostie, Senior Manager

Info: o US multistate employee tax compliance

 Remote worker impacts

 Multi state travel – How to track

 Challenges to compliance

o Payroll system tax set-up errors

 Geocoding can help

o Payroll system taxability errors

 Considerations

 Best practices

o Government payroll tax audits (NYS / IRS/ SUI audits)

 Current activity

Also check out other Workshops in Philadelphia.