State & local tax issues impacting the financial services industry - July 2025

Wealth & asset management and real estate legislative developments

Ongoing federal, state and local legislative developments continue to reshape the regulatory landscape for the real estate and wealth & asset management industries. This webcast will address tax approaches organizations may wish to consider in light of these developments and will highlight the importance of using the latest technology to improve how organizations address controversy and enhance modeling capabilities.

The following topics will be discussed:

• Tax considerations from P.L. 119-21 (known as “One Big, Beautiful Bill”), including state pass-through entity taxes
• State legislative developments impacting the real estate and wealth & asset management industries
• Asset management developments, including fee sourcing and filing requirements for direct lending
• Current transaction trends with state and local tax considerations
• Advances in data analytics, artificial intelligence and automation impacting the industry

Panelists:

• Sibel Aktas, Partner, State & Local Tax – Wealth & Asset Management, Ernst & Young LLP
• Amy McLocklin, Partner, State & Local Tax – Real Estate, Ernst & Young LLP
• Kaela Munster, Senior Manager, State & Local Tax – Real Estate, Ernst & Young LLP
• Jenn Slinkard, Senior Manager, State & Local Tax – Wealth & Asset Management, Ernst & Young LLP

Moderator:

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

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