COST’s 54th Annual Meeting
3600 Las Vegas Blvd, South
Las Vegas, NV
Blank Rome State + Local Tax partners Craig B. Fields, Mitchell A. Newmark, Eugene J. Gibilaro, and Nicole L. Johnson will serve as panelists at the Council on State Taxation’s (“COST”) 54th Annual Meeting, which will be held October 17 through 20, 2023, in Las Vegas, Nevada. Blank Rome LLP is pleased to be a Platinum Sponsor of the program.
ABOUT THE CONFERENCE
This program offers sessions for every state tax and government affairs professional with tax responsibilities. The Meeting has an extensive program covering all types of state and local taxes that business taxpayers are confronted with on a daily basis. The ever-popular audit sessions and state chamber of commerce roundtables are included, and other conference sessions provide updates on timely state and local tax (“SALT”) issues and insight regarding state tax trends and opportunities. The conference is targeted to all SALT types and levels of experience and CLE/CPE credit is available.
Top 10 Cases—Income Tax
Wednesday, October 18 | 10:15–11:05 a.m.
A lot has happened in the various states over the past year. In this session the speakers will cover the most significant income tax cases of 2023 and will offer predictions of what to look out for in 2024.
All in the Family? State Treatment of Nonresident Holding Companies, Management Companies, and More
Thursday, October 19 | 3:40–4:30 p.m.
This session will address the connections between states and holding companies that trigger tax obligations. Particular focus will be on issues tied to ownership of in-state pass-through entities, management companies, shared service companies, and other affiliate issues that are common with affiliated groups that operate on a multistate or multinational basis. This session will include current nexus issues, the states’ inconsistent application of traditional unitary business principles as applied to nonresident holding companies, and other current topics.
The New Mobile Workforce—Employees Working from Anywhere
Thursday, October 19 | 4:35–5:25 p.m.
Employees are seeking flexible work locations and the ability to not just work from home but to spend time in varied locations. This creates withholding issues for the employer and employees. This panel will discuss the relaunched Mobile Workforce coalition seeking state and federal legislation, the model legislation, and recent state legislative and litigation activities. The panel will also discuss efforts by some governmental organizations to address the issue, including NCSL SALT Task Force, Institute for Policy Leaders Tax Academy, and MTC plans to relook at their model bill.
Mitigating the Quagmire with Sourcing Receipts with All Taxes to Avoid Double Taxation
Friday, October 20 | 9:40–10:30 a.m.
While it is often assumed it is the states using cost of performance versus market sourcing that causes issues with an overlap of taxation on the same income/receipts, this session will explain how states using the same approach (especially market sourcing) can still lead to inequitable results. The presenters will focus on ways to mitigate issues with double taxation caused by states sourcing rules for income, gross receipts, and even sales taxes. While more states have adopted market-based sourcing, the application of this approach to income and gross receipts taxes (and sales taxes) with seemingly similar rules are often inconsistent. One particularly problematic area with this is the sourcing of receipts from services. This session will examine recent sourcing cases and provide guidance to address this problem across the country.
To learn more and to register, please visit the event webpage.