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SALT Developments in the Southeast: Tennessee's Franchise Tax, Nexus Determinations, Current Cases

Note: CLE credit is not offered on this program

A live 110-minute CPE webinar with interactive Q&A

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Thursday, June 6, 2024

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

Early Registration Discount Deadline, Friday, May 10, 2024

or call 1-800-926-7926
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This webinar will examine the latest state and local tax legislation, recent cases, and responses to PTE taxes in Florida, Georgia, North Carolina, Tennessee, and other significant states located in the Southeast. Our panel of seasoned state and local tax professionals will point out key developments and appropriate responses to these developments for SALT practitioners working with clients that have state tax obligations in the Southeastern states.

Description

Continuous SALT changes are taking place across the nation. States are firming up and enacting legislation surrounding sourcing rules and nexus. All states imposing taxes have implemented PTE taxation regimes, and sales tax rules continue to evolve post-Wayfair.

In January 2024, South Carolina's Court of Appeals determined that Amazon, as a marketplace facilitator, had an obligation to collect sales taxes extending back to 2016, which predates the Wayfair decision. Also in 2024, Georgia, like many other states, enacted a tax on digital items. Digital downloads, code, and other digital products are subject to sales tax effective Jan. 1, 2024.

In 2023, Tennessee adopted a single-sales factor for apportionment. Most recently, the state proposed significant changes to its franchise tax, which could affect current estimated tax payments and offer refund opportunities. SALT practitioners working with businesses in the Southeast, and with potential nexus in these states, need to understand the impact of recent changes to minimize taxes and avoid penalties for these taxpayers.

Listen as our panel of SALT controversy experts covers recent state and local tax developments in the Southeastern states.

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Outline

  1. SALT developments in the Southeast: introduction
  2. Recent legislative changes
  3. Recent cases
  4. PTE taxes and elections
  5. Florida
  6. Georgia
  7. Tennessee
  8. Virginia
  9. Other states

Benefits

The panel will cover these and other key issues:

  • Tennessee's proposed franchise tax changes
  • PTE elections and responses to the SALT cap by Southeastern states
  • Recent rulings and court cases in specific southeastern states
  • Current rules for nexus determinations in Georgia, North Carolina, and other Southeastern states

Faculty

Person, Michael
Michael Person, CPA
Senior Manager
BDO USA

State And Local Tax Senior Manager

 |  Read More
Weeks, Kristen
Kristen Weeks
Senior Manager
BDO USA

State and Local Tax Senior Manager

 |  Read More
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Early Discount (through 05/10/24)

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Early Discount (through 05/10/24)

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