EY - Preparing for GASB 77 Tax Abatement Disclosures

EY Government and Public Sector Webcast

Preparing for GASB 77 Tax Abatement Disclosures

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Join us as we explore Government Accounting Standards Board (GASB) Statement 77. Discussions will include thought-provoking questions and insightful revelations we are hearing from state and local governments as they prepare their GASB 77 disclosures for the first time.

Our EY panel also welcomes guest speaker Lewis C. Horne, Jr. from the Development Authority of Fulton County, Georgia, who will discuss his prompt and proactive approach to addressing GASB 77, considerations for governmental units engaged in economic development, and his recent experience with EY.

Other topics include:

  • Observed challenges from Joe Huddleston, former Director of Finance for Nashville and Davidson County, Tennessee, and Commissioner of Revenue for State of Tennessee, currently an Executive Director with EY's National Tax Office
  • Observations regarding GASB's intent in developing Statement 77 from John Good, an Executive Director with EY's Americas Professional Practice, and Member of the AICPA State and Local Government Expert Panel that liaises with GASB
  • Discussion of hypothetical scenarios, including potentially complex programs such as tax increment financing (TIF) arrangements and other unique programs in existence, and whether they meet the definition of a tax abatement under GASB 77
  • Audience-submitted questions and panelist answers

Panelists

EY - Joe Huddleston

Joe Huddleston

EY

Joe Huddleston is an Executive Director in the Ernst & Young LLP Indirect Tax Practice, based in Washington, D.C. In this role, he regularly consults with some of the largest national and multi-national corporations. 

Prior to joining EY in 2015, Joe served for 10 years as Executive Director of the Multistate Tax Commission. He also previously served as Vice President of Tax Solutions for Liquid Engines Inc., a tax software firm focused on advanced state income tax planning models and methodologies for multi-state and multi-national companies.

Recent accolades include the Wade Anderson Medal for Leadership in Interstate Tax Cooperation in 2016, Bloomberg BNA’s Franklin C. Latcham Award for Distinguished Service in State and Local Taxation in 2015, New York University’s Outstanding Achievement in State and Local Taxation in 2012, and Tax Analysts’ Top 10 Individuals who Influence State Tax Policy and Practice in 2011.

A graduate of the University of South Carolina, Joe received his J.D. from the Nashville School of Law and was awarded his Doctor of Laws by the University of South Carolina in 2009.

EY - Daniel P. Domenicucci

Daniel P. Domenicucci

EY

Dan Domenicucci is a Tax Partner in the Ernst & Young LLP Indirect Tax Services Practice, based in Detroit, Michigan. With more than 18 years of Indirect Tax experience, Dan leads the Michigan and Toledo Indirect Tax practices (formerly known as State & Local Tax). He has assisted numerous clients, on a variety of tax matters with specific emphasis on business credits & incentives.

In his role, Dan works with clients consulting them on various incentives programs, advising them with site selection analyses and securing business incentives for proposed expansion plans in a variety of states and countries. He also has extensive knowledge working with large scale capital investments and planning and also with corporate plans that involve complex or unique attributes.

Additionally, Dan helps clients evaluate operating costs for changing business environments, forecast tax implications of capital and headcount expansions and negotiate discretionary incentives agreements. These include a variety of economic development programs, including various employment tax credits, property tax abatements and exemptions, training grants, brownfield tax credits, tax increment financing programs, cash grant programs, tax-advantaged zone strategies and federal incentives for investments.

Dan holds a B.S. in Business Administration from The University of Michigan and is a Certified Public Accountant licensed in the State of Michigan. In addition, Dan is also a member of the American Institute Society of CPA’s and the Michigan Association of Certified Public Accountants.

EY - John Good

John Good

EY

John Good is an Executive Director in the Ernst & Young LLP’s Professional Practice Group. With 25 years of experience, John serves as engagement quality reviewer and technical advisor to engagement partners on audits of public sector clients. He also distributes the firm’s periodic communications on governmental accounting developments, designs curriculum and serves as a discussion leader for government accounting professional development seminars, including governmental accounting training.

John is a member of the AICPA State and Local Government Expert Panel and participates in drafting the AICPA’s comment letters on GASB exposure documents as well as liaises with the GASB. He has served as a leader at seminars on government accounting topics, and has helped numerous clients qualify for the Government Finance Officers Association’s Certificate of Achievement for Excellence in Financial Reporting.

John earned a BSBA in Accounting from Shippensburg University.

EY - Lewis Horne

Lewis Horne

Arnall Golden Gregory LLP

Lewis C. Horne Jr. is a Partner in the Corporate and Securities Practice and the Government and Regulatory Practice of Arnall Golden Gregory LLP. With more than 35 years of experience in the corporate and securities and public finance arenas, Lewis has served in virtually every legal role in an assortment of public finance transactions across the nation. He maintains a traditional governmental finance practice and also assists with financings for entities such as 501(c)(3) organizations, private universities and schools and public and private hospitals.

Lewis represents the Development Authority of Fulton County, one of the most prolific issuers of local debt in the southeastern United States, in connection with the issuance of $15 billion in private activity, 501(c)(3) and taxable bonds for a variety of projects including hospitals, museums, schools, multifamily housing, retirement care, and commercial and industrial uses. 

Lewis was the first minority lawyer to serve on the board of directors of the National Association of Bond Lawyers (NABL), and was one of the first black lawyers in the country to be listed in the Bond Buyer’s Municipal Marketplace. He has held numerous leadership positions in public finance activities for the NABL and the American Bar Association. 

He earned his Bachelor of Arts in Government from Dartmouth College, his Master of Public Administration from Harvard University and Juris Doctorate from Harvard Law School.

Moderator

EY - Aurianne Lopatka

Aurianne Lopatka

EY

Aurianne Lopatka is a Senior Manager in the Ernst & Young LLP’s Government and Public Sector (GPS) Practice and Unclaimed Property and Escheat Services (UPES) team, based in Boston, MA. In this role, she helps clients develop tax strategies aligned with their business and connects them with subject matter experts and networked teams to advise on planning, compliance and reporting, and maintaining effective tax authority relationships.

Aurianne has 12 years of experience in serving state government clients in the realm of unclaimed property consulting, which has been focused on providing services such as: third-party contract auditing, voluntary compliance review, statistical estimation of unclaimed property in the absence of records, remediation efforts, litigation support, relationship management, challenge resolution and consultation on trending unclaimed property topics.

Aurianne earned her B.S. in Engineering from Cornell University, and is a Corporate Affiliate Member of the National Association of State Treasurers (NAST) and the National Association of Unclaimed Property Administrators (NAUPA).