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February 17, 2023
2023-0319

Friday, March 10 | State & local tax developments in the real estate industry (1 pm ET)

Updates on state pass-through entity taxes and budget legislation

Three months into 2023, the US economy continues to take center stage, with questions about how sectors such as real estate, hospitality, and construction may be affected. Meanwhile, in their ongoing budget sessions, some states are proposing state and local tax (SALT) revenue raisers while others are proposing tax cuts, depending on the jurisdiction.

At the federal level, policymakers continue to debate the SALT deduction cap for US federal income tax purposes. At the same time, states continue to rapidly enact new pass-through entity taxes to address the SALT cap. State tax measures targeting high-net-worth individuals and corporate profits are also gaining steam with coordinated efforts by some state lawmakers.

Join our panel of experienced SALT professionals for a discussion of these topics, including:

  • Major state budget legislative tax proposals
  • Elective state pass-through entity tax updates
  • 2022 ballot initiatives; what passed and what did not
  • Other recent SALT legislative activity affecting the real estate sector

Date: Friday, March 10, 2023

Time: 1:00-2:00 p.m. ET New York; 10:00-11:00 a.m. PT Los Angeles

Registration: View archive here.

Panelists

Christine Cagnina, Managing Director, State & Local Tax, Ernst & Young LLP

Patrick Doyle, Partner, State & Local Tax, Ernst & Young LLP

Spencer B. Kasner, Senior Manager, State & Local Tax, Ernst & Young LLP

Douglas J. Upton, Senior Manager, State & Local Tax, Ernst & Young LLP

Moderator

Dale Y. Kim, Partner, State & Local Tax, Ernst & Young LLP

CPE credit offered: up to 1.2 depending on duration. Recommended field of study: Taxes. Learning objective: Identify the latest state and local tax updates affecting the real estate industry and how the changes may impact businesses and investors. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

EY webcast managed and produced by Ernst & Young LLP's Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | Barbara.Kirchheimer@ey.com

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