SALT Implications for the Transportation Industry: Mitigating State and Local Taxes, Common Taxes, and Exemptions

Note: CLE credit is not offered on this program

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

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Thursday, October 19, 2023

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

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This webinar will address the typical taxes assessed to businesses transporting products throughout the U.S. Our panel of SALT professionals will discuss typical taxes imposed by states, exemptions, and best practices for moving goods from, to, and through states focusing on practices to mitigate a company's overall tax burden.

Description

Transporting people and goods is crucial to our economy. The number, types, rates, and whether an item is taxed varies widely by state. Goods can be delivered by air, train, truck, boat, or other method. Regardless of the mode of transportation, businesses must consider the tax implications of each state.

Common carrier services might not be taxable but could still be subject to sales tax. Delivery charges may or may not be taxed depending on whether these services are provided by a third party, charged separately, or combined with other items. Trucking companies traveling through many states can face a myriad of state and local taxes. They can be subject to tax obligations in the originating and destination states as well as the states traveled through. Fortunately, exemptions do exist. Some states eliminate taxes for passenger vehicles. Other states provide a sales tax exemption for the purchase or lease of transportation vehicles used for transport within the state. SALT professionals working with transportation companies must grasp the nuances of sales taxes and exemptions for transportation.

Listen as our panel of sales and use tax experts explains the typical state and local taxes imposed by states as well as the most common exemptions.

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Outline

  1. Transportation taxes: introduction
  2. Industries
    1. Trucking
    2. Airplanes
    3. Other
  3. Common taxes
  4. Exemptions
  5. Best practices

Benefits

The panel will cover these and other significant issues:

  • Typical SALT taxes assessed for transporting goods across state lines
  • Sales tax exemptions available for transporting people and products
  • How transportation services are taxed in New York and California
  • Best practices for lowering interstate taxes

Faculty

Reed, Jeffrey
Jeffrey S. Reed
Partner
Kilpatrick Townsend & Stockton

Mr. Reed chairs the firm's State and Local Tax Practice. He helps tax directors, business owners, and individuals...  |  Read More

Additional faculty
to be announced.
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