NCSL State and Local Taxation Working Group Agenda

5/4/2022

Seattle Marriot Waterfront Hotel | Seattle Washington

May 18-19, 2022

Wednesday, May 18, 2022; Ballroom Level, Grand Pacific D Meeting Room

8 – 9 a.m.

Breakfast

9 – 9:15 a.m.

Welcome and Introductions

9:15 – 10 a.m.

2022 State Tax Actions Update

10 – 10:45 a.m.

Unraveling the Web of New Pass-Through Entity Taxes

There has been an explosion of new taxes adopted for pass-through entities in the wake of the federal cap placed on state and local deductions and they vary significantly. How will this new web of taxes affect taxpayers, state budgets, and interstate commerce and should states pursue uniformity?

10:45 – 11 a.m.

Break

11 a.m. – Noon

Income Tax Cuts, Economic Growth, and Fiscal Sustainability

Many states have cut personal and corporate income tax rates since emerging from the recent recession. Experts will debate the merits of this policy approach and its impact on state economies and budgets.

Noon – 1 p.m.

Lunch

1 – 2 p.m.

 

State Revenue Trends and Long-Term Fiscal Considerations

Hear the latest regarding trends in state revenue collections and the long-term outlook for state budgets.

2 – 3 p.m.

The Implication of a Teleworking Future on State Tax Systems

In the aftermath of the COVID response, it appears teleworking is here to stay. Increased rates of remote work bring vexing taxation issues for states and localities, employers, and individual taxpayers. This session will focus on the consequences of a growing telework economy on state tax systems.

  • Secretary Peter Barca, Wisconsin Department of Revenue (DOR)
  • Megan Kueck, Association of International Certified Professional Accountants
  • Charlie Kearns, Eversheds Sutherland

Presentation Slides

3 – 5:30 p.m.

Depart for Tour/Happy Hour at The Expedia Group Campus

6:30 p.m.

 

Reception and Dinner at Aqua by El Gaucho

**Reception and Dinner are for Task Force Members, Sponsors and Invited Guests Only**

Thursday, May 19, 2022; Ballroom Level, Grand Pacific D Meeting Room

8 – 9 a.m.

Breakfast

9 – 10 a.m.

 

Motor Fuel Taxes and the Future of Transportation Funding

New federal infrastructure funds, rising energy prices, motor fuel tax cuts, and alternatives to standard gas taxes are all in the news. What does the future hold for state transportation funding?

10 – 10:45 a.m.

 

Pursuing Uniformity in Digital Taxation

While the majority of states impose tax on at least some types of digital products, they have taken very different approaches. after the Wayfair decision, it is clear that states have renewed interest in how to best tax digital products where, prior to Wayfair, it might have been difficult to collect that tax. Is there a role for SALT working group in this national discussion?

  • Fred Nicely, Council on State Taxation
  • Craig Johnson, Streamlined Sales Tax Governing Board
  • Nancy Prosser, Multistate Tax Commission

Presentation Slides

10:45 – 11:30 a.m.

 

The Future of Crypto Taxation

The advent of cryptocurrency has added a new dimension to the realm of taxation. The increasing ubiquity of crypto assets poses new questions in the administration of income and sales and use taxes and poses new challenges for enforcement. Here about recent state activity in response to this emerging issue.

  • Gil Brewer, Washington DOR

11:30 a.m. – Noon

 

Working Group Priority Setting

Outline Tax Working Group priorities and products moving forward. Discuss plans for future meetings.

Noon

Meeting adjourns