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In this webcast, panelists discuss the election results from a state and local tax perspective and what they mean for business executives.
Following the November 5 US elections, federal policymakers will turn their attention to other pressing matters, including funding the federal government and contending with expiring Tax Cuts and Jobs Act (TCJA) provisions. State governments and businesses alike will address the results of tax ballot initiatives and react to any new federal tax laws and policies.
In addition, some state legislatures may have to confront slowing state and local tax revenue collections.
Join our panel as we discuss the election results from a state and local tax perspective and what they mean for business executives. Topics will include:
Notable 2024 federal, state and local election results
Projected election impacts on federal tax provisions affecting state taxes:
TCJA provisions – addressing the so-called state and local tax deduction cap and its impact on state elective pass-through entity taxes; “bonus” depreciation; the IRC Section 163(j) interest limitation; and treatment of research and experimental expenditures under IRC Section 174
OECD BEPS 2.0 proposals
Campaign proposals, such as the income tax exemption for tips
State and local election results and tax-related ballot measures
State legislative policy considerations, including fiscal conditions
Please join us for this 60-minute interactive webcast. We welcome and encourage you to ask questions.
Panelists
Ray Beeman, Leader, Washington Council Ernst & Young, Ernst & Young LLP, Washington, D.C.
Jess Morgan, Indirect, State and Local Tax, Ernst & Young LLP, Cleveland, OH
Scott Roberti, Indirect, State and Local Tax Policy Services Leader, Ernst & Young LLP, Stamford, CT
Moderator
Ali Vahdat, EY Americas Indirect and State & Local Tax Leader, Los Angeles, CA
EY webcast managed and produced by Ernst & Young LLP’s Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax
ondemand_videoWebcast
CPE credits: 1.2
Total duration: 60 minutes
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