Navigating emerging state tax developments and transaction trends

FSO SALT transactions quarterly webcast.

Join us for the inaugural episode of our new quarterly Financial Services (FSO) state and local tax (SALT) transactions webcast series, where we will provide timely insights into emerging SALT developments impacting financial services, real estate, and asset management transactions.

In today’s rapidly evolving SALT landscape, legislative changes and shifting policies have immediate implications for businesses – making it critical to understand these developments and consider practical approaches to navigate complex SALT challenges.

This quarterly series will focus on transaction-driven SALT hot topics, including real estate transfer taxes, nexus considerations, and jurisdiction-specific developments, providing actionable perspectives to help address risk and improve outcomes in an increasingly dynamic state tax landscape.

We will focus on recent legislative developments and emerging transaction trends across the SALT landscape, with an emphasis on how evolving policy is shaping deal approaches, diligence, and execution. The session will conclude with a targeted discussion on SALT considerations affecting data center investments, including jurisdictional trends, incentives, and key transaction-specific risks and considerations in this rapidly growing asset class.

Key topics to be discussed include:

• Recent state and local legislative developments impacting income and transfer taxes
• Emerging state and local trends and developments for transactions
• State and local considerations for data center investments, including:
  • Sales and use taxes
    • Characterization and sourcing of data center assets and services, exemption analysis, nexus considerations, and transaction-driven planning considerations
  • Real estate transfer tax and property tax considerations
    • State and local real estate transfer tax requirements, deal considerations, and jurisdiction-specific nuances
    • Asset classification and valuation issues, ownership change and reassessment triggers, and common challenges arising in acquisitions and development
  • Credits and incentives opportunities
    • Identification of commonly available state and local incentives, timing, negotiation, and transaction considerations to preserve and potentially increase benefits

Learning objectives

Analyze state and local tax implications of data center transactions, including the impact of recent legislative developments, sales and use tax characterization and sourcing, property tax classification and valuation issues, and credits and incentives considerations.

Panelists

• Christine Cagnina, Managing Director, FSO SALT Transactions, Indirect Tax, Ernst & Young LLP
• Kaela Munster, Senior Manager, FSO SALT Transactions, Indirect Tax, Ernst & Young LLP
• Evan Purcell, Senior Manager, FSO SALT Transactions, Indirect Tax, Ernst & Young LLP
• Michael Moore, Partner, Indirect Tax, Ernst & Young LLP
• Trevor Hamilton, Senior Manager, Indirect Tax, Ernst & Young LLP

Moderator

• Amy McLocklin, Partner, FSO SALT Transactions, Indirect Tax, Ernst & Young LLP

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