State & local tax issues impacting the real estate industry - February 2025

In this webcast, panelists discuss changes impacting income tax compliance, real estate transfer tax trends and the Inflation Reduction Act.

Join us for an insightful webcast as we delve into state and local tax developments impacting the real estate industry. This session will provide a comprehensive overview of state and local tax trends specific to real estate and essential considerations for 2025 and beyond.

The following topics will be discussed:

• Income tax compliance season reminders
• New York State and NYC regulations
• The shift away from property-based franchise taxes
• Sunsetting of the Tax Cuts and Jobs Act (TCJA) and the implications for states
• Recent real estate transfer tax updates and trends with distressed debt
• The state tax impact of the Inflation Reduction Act (IRA)

Don’t miss this opportunity to stay informed and ahead of the curve in the dynamic world of state and local real estate taxation.

Panelists

• Manuel DeMoya, Senior Manager, State & Local Tax, Ernst & Young LLP
• Amy McLocklin, Senior Manager, State & Local Tax, Ernst & Young LLP
• Matthew Sutterlin, Senior Manager, State & Local Tax, Ernst & Young LLP
• Doug Upton, Senior Manager, State & Local Tax, Ernst & Young LLP

Moderator

• Patrick Doyle, Principal, State & Local Tax, Ernst & Young LLP

EY webcast managed and produced by Ernst & Young LLP’s Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax