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7:30-9 a.m
Omni Louisville 400 S. Second St. Louisville, KY 40202
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Breakfast
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9-9:15 a.m.
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Welcome
SALT Legislative Leadership:
Sen. Curtis Bramble, Utah, SALT co-chair
Sen. Dina Neal, Nevada, SALT vice chair
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9:15-9:45 a.m.
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NCSL Staff Update
Report Out on Activities and Federal Update
- Policy and drafting committee updates
- Timeline for federal tax legislation and educational seminars and DC advocacy
NCSL Staff:
Brian Wanko, legislative director, Budgets and Revenue, NCSL
Eric Syverson, senior policy specialist, Fiscal Affairs, NCSL
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9:45-11:05 a.m.
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Balancing the Three-Legged Stool: Navigating State Tax Policy for Stability and Growth
This session explores the “three-legged stool” concept of a balanced state revenue system, focusing on income, sales and property taxes. As economic surpluses grow, so does the desire to cut tax rates and offer relief. However, these decisions must be weighed against the need for maintaining sustainable revenue, avoiding long-term deficits and supporting local governments. We will discuss achieving a balanced approach that provides tax relief, promotes economic development and maintains fiscal stability. Join us to explore strategies for creating sound and resilient tax policies for our states and constituents.
Introduction:
Eric Syverson, NCSL
Panelists:
Sen. Cristina Castro, whip, Illinois Senate Majority Caucus
Sen. Travis Holdman, chair, Indiana Senate Tax and Fiscal Policy Standing Committee
Rep. Bob Marshall, member, Colorado House Finance Committee
Rep. Adam Smith, chair, Kansas House Committee on Taxation
Moderator:
Adam Thimmesch, professor of law, University of Nebraska-Lincoln
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11:05-11:15 a.m.
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Coffee Break
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11:15 a.m.-12:05 p.m.
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Advertising: Revenue Source or First Amendment Right?
The growth of social media and use of digital devices have created a new customer demographic, and marketers have been quick to utilize digital advertising to reach the screen-oriented consumer. The courts and legislatures are examining if this advertising can be taxed, and we will discuss potential impacts on states.
Panelists:
Christine Kim, professor of law, The Benjamin N. Cardozo School of Law
Steve Kranz, partner, McDermott Will & Emery
Moderator:
Sen. Dina Neal, Nevada, SALT vice chair
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12:05-1:30 p.m
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Lunch
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1:30 - 2:20 p.m.
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Transaction Fees on Sales Tax Collection
Paying via credit or with debit card might seem simple to the average consumer, but every time a card is swiped, a complex set of processes unfolds to properly conduct the transaction. Interchange fees are incorporated into each swipe of a consumer’s card, paid for by merchants as one of the many costs of doing business. Illinois has recently enacted a law exempting sales tax and gratuities from those fees, alleviating a small part of the cost of doing business for merchants. Other states, such as Pennsylvania, are considering similar changes. However, this may have adverse impacts on the service of delivering effective payment systems to merchants, as merchants and service providers now must implement potentially costly infrastructure changes to adapt. Is there a middle ground to the issue without causing additional costs or unfairly shifting burdens of doing business?
Panelists:
Brennan Duckett, director of technology and innovation policy, National Restaurant Association
Steve Rauschenberger, president, Rauschenberger Partners; member, Electronic Payments Coalition
Additional Speakers to be Determined
Moderator:
Sen. Dina Neal, Nevada, SALT vice chair
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2:20-3:10 p.m.
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Federal Tax Legislation: Anticipating Monumental Policy in 2025
Tax, debt and spending will collide next year as the expiration of the Fiscal Responsibility Act and renewal of the debt limit, delayed fiscal year 2025 appropriations, and the expiration of the Tax Cuts and Jobs Act are all top priorities at the start of the new Congress. To help state legislators anticipate how federal action may impact their states, we will examine tax policy implications for deficit reduction as well as for the business community.
Panelists:
Andrew Lautz, associate director, economic policy program, Bipartisan Policy Center
Watson McLeish, senior vice president, tax policy, U.S. Chamber of Commerce
Moderator:
Sen. Curtis Bramble, Utah, SALT co-chair
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3:10-3:20 p.m.
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Coffee Break
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3:20-3:50 p.m.
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Saying Goodbye to Chevron
The Supreme Court’s June ruling overturning the Chevron doctrine has far-reaching political, regulatory and litigation implications, including in the tax world. We will receive an introduction to some potential impacts on taxation.
Introduction:
Brian Wanko, NCSL
Presenter:
Robert Kovacev, member, tax controversy and litigation, Miller & Chevalier Chartered
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3:50–5 p.m.
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Business Meeting
Considerations (Proposals to be shared on July 31 after committees submit draft comments):
- NCSL B&R Policy Directive Amendments for State and Federal Budgeting: Principles for Fundamental Tax Reform
- NCSL Advocacy Principles for Federal Tax Legislation
- Outline for a NCSL SALT Taskforce Policy Brief: State Tax Incentives and Expenditures
- Outline for a NCSL SALT Taskforce Policy Primer: State Taxation of Digital Goods
SALT Legislative Leadership:
Sen. Curtis Bramble, Utah, SALT co-chair
Sen. Dina Neal, Nevada, SALT vice chair
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6:30-8:30 p.m.
Lewis + Louis Tasting Room Omni Louisville
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SALT Reception
Join us in the Omni Hotel’s Lewis + Louis Tasting Room to enjoy refreshments and hors d’oeuvres with your SALT colleagues.
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