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CREDITS AND INCENTIVES

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U.S. Solicitor General Voices State Support in WayfairThe U.S. Solicitor General, Noel Francisco, says he will get his time before the U.S. Supreme Court (Supremes) to voice support of South Dakota in upcoming oral arguments in the case of South Dakota v. Wayfair (Wayfair). If the Supremes agree, states could receive the green light to require the collection of sales and/or use tax from internet sellers.

Judy B. Vorndran, CPA, Esq.TaxOps, LLCEnglewood, COPhone: (720) 227-0093E-mail: [email protected] Article begins on page 6

President's Corner.....................................3

Calendar of Events....................................5

News You Can Use...................................6

Notice of Annual Meeting........................12

2018 Credits & Incentives School...........13

2018 State Income Tax Schools..............14

2018 Property Tax Schools...................... 15

2018 Annual Conference.........................16

Local Luncheons.....................................24

Property Tax Calendar.............................26

IPT Educational Resources....................27

New IPT Members...................................28

Just One More.........................................31

CMI & CCIP Candidate Connection.......32

CMI Corner..............................................32

2018 Sales Tax School II.........................33

May 2018

Eligible Taxpayers Will Self-Certify to be a Qualified Opportunity FundLast month, we shared some of the noteworthy details of the Tax Cuts and Jobs Act (AKA Tax Reform or the Act) and its potential impact on economic development. One of the programs we highlighted briefly was the new Opportunity Zone program. The Opportunity Zone Program was created to spur investment in low-income and less-developed areas in all states. Governors have been designating their respective qualified areas. Businesses can invest their realized capital gains into an Opportunity Fund, which would allow the business to defer that capital gain for up to 7 years. The post investment appreciation will also be tax free if held for 10 years. An Opportunity Fund is a financial vehicle that designates 90% of its investment in Opportunity Zone businesses.

Allea NewboldRyan, LLCTampa, FLPhone: (813) 228-7100Email: [email protected]

Article begins on page 7

Matt LowellRyan, LLCOrlando, FLPhone: (321) 251-2929Email: [email protected]

mailto:[email protected]



https://www.ipt.org/core/events/eventdetails.aspx?iKey=CON2018

2 May 2018 IPT Insider

IPT OFFICERS PresidentRobert S. Goldman, CMI, Esq. Dean, Mead & Dunbar

First Vice President Rick H. Izumi, CMI ITA, LLC

Second Vice President Janette M. Lohman, CMI, CCIP, Esq., CPA Thompson Coburn LLP

BOARD OF GOVERNORS Immediate Past President Kellianne M. Nagy, CMI, CAE KMN Enterprises LLC

Christopher S. Hall, CMI Ford Motor Company

Mark S. Hutcheson, CMI, Esq., CRE Popp Hutcheson PLLC

Rick L. Johnson, CMI Belk Stores Services, Inc.

Bridget R. Kaigler, CPA, CGMA, CMA, MBAAmedisys, Inc.

David H. LeVan, CMI Walmart Stores, Inc.

Malena S. Marshall, CMI Softlayer, An IBM Company

April M. Nevarez, CMI Ichan Associates Holdings, LLC

Jessica C. Nowlin Best Buy Enterprise Services, Inc.

Tommy L. Twomey, II, CMI Andeavor

CORPORATE COUNSEL Lee A. Zoeller, CMI, Esq. Reed Smith LLP

EXECUTIVE DIRECTOR Chris G. Muntifering, CMI

ASSISTANT EXECUTIVE DIRECTORS: Brenda A. Pittler

Charles Lane O’Connor

This publication is designed to provide accurate information for IPT members and other tax pro-fessionals. However, the Institute is not engaged in rendering legal, accounting, or other professional services. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Reprint permission for articles must be granted by authors and the Institute. Send address changes and inquiries to Institute for Professionals in Taxation®, 1200 Abernathy Road, NE, Building 600 Suite L-2, Atlanta, Georgia 30328 Telephone (404) 240-2300/Fax (404) 240-2315.

SALES AND USE TAX

Colorado DOR Reverses Course, Saying Don’t Rely on What We SaidThe state of Colorado Department of Revenue has come out strong in 2018 with a pronouncement that all previous bulletins and positions during the late 2000s are now null and void. Read for yourself what they have to say in Rev. Bulletin 18-01, issued Feb. 28, 2018:“The Department of Revenue hereby rescinds all Revenue Bulletins and Policy Positions previously published by the Department. These documents, which were last published by the Department during the late 2000s, do not represent an official articulation of any position held by the Department nor does the Department consider them binding with respect to any tax matter. The previously published Revenue Bulletins and Policy Positions should not be relied on for any purpose.”

Judy B. Vorndran, CPA, Esq.TaxOps, LLCEnglewood, COPhone: (720) 227-0093E-mail: [email protected] Article begins on page 11



credits & incentives issues. General sessions will address topics like the downstream SALT impacts of federal tax reform, and the debate over the valuation of freestanding retail property. We will also have sessions on key court cases like Wayfair, technology trends, regional and industrial updates, legislative issues, and compliance management. The general session on valuation of freestanding property will debut the results of IPT’s sponsored research project on this subject.

The opening keynote is Craig Karges, also known as “The Extraordinist.” He combines the art of magic, with the science of psychology, and the power of intuition to create the impression that nothing is impossible. The conference also features an ethics session by Professor David Schultz of the Hamline University Department of Political Science. His keynote is “Why Good People and Organizations Do Bad Things,” where he tackles the issue of why people, who know right from wrong, still act unethically.

Attendees also enjoy many networking opportunities including evening receptions, meals and between-session breaks that provide attendees the ability to

network with the best minds in state and local taxation.

This year, the conference is in Vancouver, BC and will be held at the JW Marriott Parq Vancouver and the DOUGLAS, a Marriott Signature Hotel, which are new facilities located in Vancouver’s entertainment district. The hotels are connected to the conference meeting space, and IPT has special pricing at both of them.

With mild summer temperatures, summer in Vancouver is the best time to visit. The city caters to many interests, including world-class shopping, gourmet meals, outstanding live entertainment, sporting events, theater, outdoor adventure, spectacular sights and attractions. The conference has taken shape and promises to be worth your time and financial investment.

Early-bird pricing ends on May 25, so there is a need to act quickly. Also, by making your travel arrangements now, you’ll find more options and typically see better

pricing. Lastly, don’t forget to make sure your passport is current and valid. I hope to see you at the conference this June!

Every year IPT conducts a variety of programs to help educate tax professionals and keep them current on important issues. A significant part of our mission is to help members build their state and local taxation expertise, provide an environment to promote the exchange of ideas and help build professional relationships while adhering

to a strict code of ethics and personal conduct. In addition to our normal

panoply of schools, symposia, and other programs, this year we also offered two narrowly-focused programs. Specifically, IPT hosted the 2nd Energy SALT Seminar in Houston, and the Sales Tax Workshop: Manufacturing in the Southeast in Memphis. Both programs were successful and positively received. We are also in the process of working with several states to hold one-day programs later in the year.

We are also gearing up for State Income Tax Schools I & II, the Credits & Incentives School, the three Property Tax Schools, as well as the

five symposia, which will take place from September through November. It has been a busy year for state and local tax professionals, and these programs can get you up to speed and help you develop strategies for managing the ever-changing world of state and local taxation.

Regardless of where you are in your tax career or your area of specialty, these are great opportunities to get in-depth analysis of the issues facing tax professionals, take a step toward completing CMI or CCIP requirements, earn CPE, and grow your professional network.

The Annual Conference provides an opportunity to learn more about topics within and outside of your primary tax discipline. IPT’s 42nd Annual Conference will be held on June 24-27.

The conference agenda includes more than 60 breakout sessions covering sales & use, property, state income, and value-added taxation, as well as

Robert S. Goldman, CMI, Esq. President July 2017 - June 2018

Pr e s i d e n t’s Co r n e r

https://www.ipt.org/IPT/Programs/Income_Tax_Programs/IPT/Programs/Income_Tax_%20Programs.aspx

https://www.ipt.org/IPT/Programs/Income_Tax_Programs/IPT/Programs/Income_Tax_%20Programs.aspx

https://www.ipt.org/IPT/Programs/Credits_Incentives/IPT/Programs/Credits_and_Incentives.aspx?hkey=b8f59e1a-3426-4b74-b84e-6a1dcdfaf9b2

https://www.ipt.org/IPT/Programs/Property_Tax_Programs/IPT/Programs/Property_Tax__Programs.aspx?hkey=65959afc-a209-4527-b4f7-fa004318111e


On a final note, I have previously mentioned that the Institute has 42 standing committees and a variety of ad hoc committees that do much of the work that helps our organization function. This month I would like to recognize the hard work of the Legal Committee.

This committee is the group that is responsible for reviewing, pursuant to established IPT policies and procedures, all requests received from litigants asking that IPT file an

amicus curiae brief in connection with a pending case. The committee is responsible for advising, in consultation with Corporate Counsel, the Board of Governors in connection with such requests. They provide a valuable service to IPT members, and the Board of Governors, and I thank them for their time and effort.

In Grateful Appreciation for Your OutstandingEffort and Dedication

Legal Committee:

Norman J. Bruns, Esq., Attorney

Garvey Schubert Barer

Patrick Derdenger, Esq., Partner

Steptoe & Johnson LLP

Mark E. Holcomb, Esq., Partner

Dean, Mead & Dunbar

Edward Kliewer III, Esq., Senior Counsel

Norton Rose Fulbright US LLP

Leah Robinson, Esq., Partner

Mayer Brown

Mark F. Sommer, Esq., Attorney

Frost Brown Todd LLC

Kenneth R. West, Esq., Of Counsel

Vorys, Sater, Seymour and Pease LLP

Members

Reviewing, pursuant to established IPT policies and procedures, all requests received from litigants asking that IPT file an amicus curiae brief in connection with a pending case. The committee is responsible for

advising, in consultation with Corporate Counsel, the Board of Governors in connection with such requests.

Chair Kyle O. Sollie, CMI, Esq.,

Partner Reed Smith LLP


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State Income Tax School I & IIGeorgia Tech Hotel & Conference Center Atlanta, GAJune 3-8, 2018

Credits and Incentives SchoolGeorgia Tech Hotel & Conference Center Atlanta, GAJune 4-7, 2018

IPT Annual Conference JW Marriott Parq Vancouver Hotel Vancouver, BC June 24-27, 2018

Property Tax SchoolHilton DFW Lakes Executive Conference Center Grapevine, TX August 5-9, 2018

Real Property Tax School Georgia Tech Hotel & Conference Center Atlanta, GA August 19-24, 2018

Personal Property Tax SchoolAT&T Executive Education & Conference Center Austin, TX September 23-27, 2018

Sales Tax Symposium Renaissance Indian Wells Resort Indian Wells, CA September 30 - October 3, 2018

VAT Symposium Renaissance Indian Wells Resort Indian Wells, CA October 3-5, 2018

Property Tax Symposium Hyatt Regency Grand Cypress Resort Orlando, FL November 4-7, 2018

Credits & Incentives Symposium Hyatt Regency Grand Cypress Resort Orlando, FL November 6-9, 2018

2018


NEWS YOU CAN USE

SALES AND USE TAX

U.S. Solicitor General Voices State Support in Wayfair

Judy B. Vorndran, CPA, Esq.TaxOps, LLCEnglewood, COPhone: (720) 227-0093E-mail: [email protected]

The Wayfair case before the Supremes is about whether states should be allowed to collect sales and/or use tax on internet sales into the state. In very general terms, South Dakota says they should but Wayfair says only if retailers have a physical presence in the state. The issues are much more complex than that and date back years, with precedent set in two previous cases, Quill v. North Dakota and National Bellas Hess v. Department of Revenue. The Supremes opened the door for Congress to act but it has notyet; since 1992, many bills have been brought forward, but none have made it through both houses of Congress, thus precipitating a need to ask the Supremes to weigh in, again.

The solicitor general said South Dakota had agreed to cede 10 minutes of their 30-minute argument time before the Supremes to the U.S. Solicitor General. Francisco is expected to lay out a position reflected in an amicus brief filed earlier this month that internet retailers could be required to collect valid state use taxes, and that the Supremes are within their purview to require remote sellers to collect and remit use tax.

The Supremes will need to decide:

• Whether the path is sufficiently clear to allow states to collect use tax;

• Whether states have the right to do so; and,

• Whether previous law on the issue of physical versus non-physical establishments extends to internet sellers.

Oral arguments were set for April 17th at 10 am EDT, with a decision to follow this summer.



Eligible Taxpayers Will Self-Certify to Be a Qualified Opportunity Fund

Allea NewboldRyan, LLCTampa, FLPhone: (813) 228.7100Email: [email protected]

Matt LowellRyan, LLCOrlando, FLPhone: (321) 251.2929Email: [email protected]

Opportunity ZonesOpportunity Zones have been created to spark investment throughout Less Developed Census Tracts in all US states and territories. The program was designed so businesses can reinvest their realized gains to aid development in Qualified Opportunity Zones. Opportunity Zone investments can be funded by newly established financial vehicles called Opportunity Funds. Opportunity Funds collect realized capital gains from businesses in Opportunity Zones and delegate 90% of the funds collected to Opportunity Zone projects and programs. The advantage of the Opportunity Zone program being enacted on a federal level provides states with clear guidelines on how to manage and operate their own Opportunity Zone designations while still allowing the states to nominate their own census tracts to accomplish their own development goals.

Low-Income Census Tracts are eligible for Opportunity Zone nomination. According to the US Treasury, up to 25% of a state’s Low-Income Census Tracts can be nominated and only 5% of the total 25% can be Non-Low Income Census Tracts, if they are contiguous.1 However, Non-Low Income Census Tract nominations cannot have a family income above 125% of the median family income of contiguous Low-Income Census Tracts. Eligible Opportunity Zones must have been nominated by March 21, 2018, with a 30-day extension available, if requested. Investments inOpportunity Funds are also subject to tax benefits. NewOpportunity Zone legislation acts like an IRS rule on thetreatment of capital gains because these gains, if investedin an Opportunity Fund, will incentivize future investment.

1 Internal Revenue Service of the United States. “U.S. Department of the Treasury.” Treasury, IRS Issue Guidance On Opportunity Zones To Spur Private Investment In Distressed Communities, 8 Feb. 2018, home.treasury.gov/news/press-re-lease/sm0283.

Section 13823 of the Tax Cuts and Jobs Act provides the following definitions. An Opportunity Fund is defined by the US Treasury as a financial vehicle set up as a corporation or partnership. As stated in the legislation, Opportunity Funds are responsible for holding 90% of the assets in Qualified Opportunity Zones. Assets are measured six months after the start of the taxable year and on the last day of the taxable year. An Opportunity Fund must substantially improve the Qualified Opportunity Zone business property within the first 30 months of acquisition. Opportunity Funds must maintain at least 90% of their assets in qualified opportunity zone stock, qualified opportunity zone partnership interest or qualified opportunity zone business property. Currently, there is no guidance on structuring the investment as debt (similar to Community Development Entity investment/structuring for New Market Tax Credits). If Opportunity Funds fail to meet the 90% asset holding requirement, the zone may be subject to disqualification and the Fund may be terminated. A penalty must be paid if the Fund fails to meet these requirements unless the business can prove reasonable cause why the threshold has not been met.2

Businesses investing in Opportunity Zones will be able to retain their Opportunity Zone benefits for at least 5 years, regardless of the state of the Opportunity Fund. Investors in qualified Opportunity Zone businesses can benefit from lower federal income tax liability based on their investments in the Qualified Opportunity Zone Fund. According to the Tax Cuts and Jobs Act, a business that invests in an Opportunity Fund for 5 years will receive a 10% basis increase on the amount of gain deferred and an additional 5% if held for at least 7 years. If the investor holds its interest in the Fund for 10 years, it is granted a fair market value basis step up so that the appreciation in the value of the interest from the time of investment would be excluded from tax.

Application ProcessIn general, states requested that local administrators and organizations apply for their Low-Income Census Tracts to be considered for nomination. For example, Massachusetts posted an application that explains the Opportunity Zone program and asks the applicant to answer questions. Here are some questions required on the Massachusetts Opportunity Zone application:

2 Brady, Kevin. “Text - H.R.1 - 115th Congress (2017-2018): An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018.” Congress.gov, 22 Dec. 2017,https://www.congress.gov/bill/115th-congress/house-bill/1. Sec. 13823. Opportunity Zones.

CREDITS AND INCENTIVES

Continued on page 8



https://www.congress.gov/bill/115th-congress/house-bill/1

https://www.congress.gov/bill/115th-congress/house-bill/1

https://home.treasury.gov/news/press-release/sm0283

https://home.treasury.gov/news/press-release/sm0283


• Does this municipality have a Community Compact with the Commonwealth?

• Describe the tract(s) you are nominating, including (but not limited to) demographic breakdown; percentage of residential, commercial, industrial and open space uses; quality of life; major property owners and their relationships in the district; level of civic engagement and a brief history of the tract(s).

Applicants were asked to answer more qualifying questions detailing the plans for the tracts and provide examples of investment and projects an Opportunity Zone designation may bring to their area. Local administrators and organizations were urged to apply on behalf of their Low Income Census Tracts to better their chances of nomination. View the Massachusetts Opportunity Zone application here.3

State NominationsAs of March, 21 2018, all states and US territories had either submitted their nominations for Opportunity Zone designation or filed for the 30-day extension to make their nominations. On April 9, 2018, the Treasury indicated that 18 states and 3 territories have received approval for their designated Opportunity Zones.4 The states include Arizona, California, Colorado, Georgia, Idaho, Kentucky, Michigan, Mississippi, Nebraska, New Jersey, Oklahoma, South Carolina, South Dakota, Vermont and Wisconsin. The territories are American Samoa, Puerto Rico and the U.S. Virgin Islands. On April 18, 2018, 5 additional states and 1 territory had their zones approved. These states were Alabama, Delaware, Missouri, Ohio, Texas and the Northern Marianas Islands. Some states have publicly announced their Opportunity Zone nominations. The following examples (not all inclusive) have announced their Opportunity Zone designations with lists and maps to outline what areas they want to see benefits from this new addition to the US Tax Code. Generally, the states provide criterion that illustrates their decision-making process for Opportunity Zone nomination.

Similar to New Market Tax Credits, the Treasury has the Community Development Financial Institutions (CDFO) Fund to oversee Opportunity Zones. The CDFI has updated its map at: https://www.cims.cdfifund.gov/preparation/?config=config_nmtc.xml

3 Baker, Charles D, and Karyn E Polito. “Opportunity Zone Program Application.” Mass.gov, 27 Mar. 2018, www.mass.gov/files/documents/2018/04/03/Opportunity%20Zone%20Appli-cation%20-.pdf.4 Internal Revenue Service of the United States. “U.S. Department of the Treasury.” Treasury, IRS Announce First Round Of Opportunity Zones Designations For 18 States, 9 Apr. 2018, home.treasury.gov/news/press-releases/sm0341.

CaliforniaCalifornia had over 3,516 census tracts that would qualify for Opportunity Zone designations. Governor Jerry Brown nominated 879 census tracts. According to the California Department of Finance, the nominations were focused on three key points: poverty, areas with business activity, and geographic diversity. In addition to the three focus areas, Governor Brown wanted census tracts to include areas that have a median income of under $100,000 and focused on tracts that overlapped with existing programs. For example, 96% of nominations overlap with AB 1550 designations and 64% also have SB 535 designations. Both SB 535 and AB 1550 are programs designed from the California Global Warming Solutions Act and benefit disadvantaged communities. An interactive map of California nominated Opportunity Zone census tracts can be found here.5

ColoradoColorado worked closely with their communities to determine what census tracts deserve Opportunity Zone nomination. Colorado had 531 census tracts eligible for Opportunity Zone designation and will nominate a total of 126 tracts. Colorado encouraged local representatives to plead their case for nomination and attempted to include urban and rural regions that have promise of economic opportunity. Colorado’s goal for its nominations is to designate zones outside the Front Range to include areas that are on-the-rise rural communities throughout the state. Information about Colorado opportunity zone designations can be found here.6

GeorgiaGeorgia was one of the first to submit nominations. The state nominated areas that are most impacted by poverty for Opportunity Zone designation. Georgia nominated the maximum 260 census tracts throughout 83 counties. Out of the 260 census tracts nominated, 60% of the census tracts were in rural areas and 40% were concentrated in urban environments. Once the nominations have been approved, Georgia’s Department of Community Affairs will publish a Qualified Opportunity Zone map that outlines the designated areas. Georgia’s press release about its nominations can be seen here.7

5 http://dof.ca.gov/Forecasting/Demographics/opportuni-ty_zones/6 https://choosecolorado.com/oz/7 https://dca.ga.gov/newsroom/news-releases/cen-sus-tracts-nominated-federal-opportunity-zones-program

Continued on page 9

https://www.cims.cdfifund.gov/preparation/?config=config_nmtc.xml

http://dof.ca.gov/Forecasting/Demographics/opportunity_zones/

https://choosecolorado.com/oz/

http://www.mass.gov/files/documents/2018/04/03/Opportunity Zone Application -.pdf

https://dca.ga.gov/newsroom/news-releases/cen-sus-tracts-nominated-federal-opportunity-zones-program

https://home.treasury.gov/news/press-releases/sm0341

https://dca.ga.gov/newsroom/news-releases/cen-sus-tracts-nominated-federal-opportunity-zones-program

https://choosecolorado.com/oz/

http://dof.ca.gov/Forecasting/Demographics/opportunity_zones/

http://www.mass.gov/files/documents/2018/04/03/Opportunity Zone Application -.pdf


MichiganMichigan nominated census tracts in areas that proved to be strong investment areas, areas that have recently been affected by mass layoffs or plant closures, and in areas that that have a mix of industry. Out of the 1,152 eligible census tracts, Michigan nominated 288 for Opportunity Zone designation. In addition, these areas will focus on redevelopment, geographical attributes like lake and river proximity, and proximity to universities, colleges, and hospitals to help spur growth and job development. Michigan has outlined its Opportunity Zone nominations into ten prosperity regions. The ten Prosperity Regions and their nominations can be found here. 8

OhioOhio requested information from local development professionals and organizations, county commissioners, and port authorities to help develop its nominations for Opportunity Zone designation. Ohio has 1,280 census tracts that are eligible for opportunity zone nomination and nominated the 320 tracts by the March 21st deadline. Ohio utilized the advice from local and regional administrators on priority areas. Single tracts that were recommended by multiple submitters were given priority over other tracts. Nominated tracts focused on job creation potential, history of both public and private investment, available land for development, and existing employers and industries. The 320 nominated census tracts can be viewed on Ohio’s Development Services Agency’s website here.9

TexasTexas Governor Greg Abbot understood the devastation Hurricane Harvey imposed on Texas and stated, “As we continue to recover after Harvey, these Opportunity Zone designations will also provide a much needed boost for local communities impacted by the storm.” Texas nominated a total of 628 opportunity zones in 145 out of Texas’ 245 counties. Texas currently has a variety of different state incentive programs to encourage investment and Governor Abbot hopes that the approved Opportunity Zone designations will invite billions in new investment and bring growth to the state, businesses, and the people of Texas. A list of the Texas Opportunity Zone census tract nominations can be found here.

8 http://www.michigan.gov/msh-da/0,4641,7-141-5587_85624---,00.html9 https://www.development.ohio.gov/bs/bs_censustracts.htm

VermontVermont had 100 eligible census tracts available for Opportunity Zone designation. Vermont’s Agency of Commerce and Community Development evaluated business and personal population, infrastructure, poverty and unemployment rates, and census tracts to help provide Governor Scott with information to nominate Opportunity Zones. Vermont submitted 25 census tracts in 17 counties for Opportunity Zone designation. Vermont plans to increase business and income development with its nominations. The complete list of Vermont Opportunity Zone nominations can be found here.10

WisconsinWisconsin Governor Scott Walker has seen high levels of growth in his state including the highest level of employment in the state’s history. Walker’s nominations include 120 census tracts throughout 44 counties in Wisconsin. The plan for Walker and his recommendations is to develop the less developed urban, rural, and tribal areas in the states and sustain growth. Wisconsin’s census tract nominations can be found here. 11

Other States Many states took advantage of the 30-day extension allowed by the Internal Revenue Service. Final submissions after the 30-day extension were due by April 20, 2018. Now that zones have been established, we are awaiting further guidance on the process to establish the Opportunity Fund. The Internal Revenue Service (IRS) released frequently asked questions on April 25th. Companies should be able to self-certify their Opportunity Funds (which is great news for taxpayers). The IRS has indicated it will release a self-certification form in summer 2018 that taxpayers can attach to their federal income tax returns. Thus, no approval or action by the IRS is required to certify an Opportunity Fund (based on current guidance). The IRS should also provide over the next few months further details, including additional legal guidance, on the Opportunity Zone benefits/incentive.

SummaryThe Tax Cuts and Jobs Act’s Opportunity Zone program creates a new option for businesses to reinvest their capital gains in less developed areas throughout the United States. As the final April 20th deadline for Governors to submit their Opportunity Zone designations has passed, a clear outline of priorities for each state will become more apparent as designations are finalized.

10 http://accd.vermont.gov/OpportunityZones11 https://www.wheda.com/Opportunity-Zones/

Continued on page 10

https://www.michigan.gov/mshda/0,4641,7-141-5587_85624---,00.html

https://www.development.ohio.gov/bs/bs_censustracts.htm

http://accd.vermont.gov/OpportunityZones

https://www.wheda.com/Opportunity-Zones/


https://www.development.ohio.gov/bs/bs_censustracts.htm

https://www.wheda.com/Opportunity-Zones/

http://accd.vermont.gov/OpportunityZones



- The program allows Low-Income Census Tracts and other less developed areas to be more competitive for investment with more economically viable areas and higher income locations;

- Opportunity Zones offer an incentive for businesses and those investing in Opportunity Funds to expand and create jobs for their communities;

- The Opportunity Zone program recognizes the advantage of allowing the states to choose their own zone designations while providing federal guidelines on how to enact the program to maintain consistency and accountability;

- Opportunity Zones are a great way to drive business into less developed areas and increase economic development and growth throughout the states.

While there is still uncertainty as to how the program will ultimately operate (and succeed), it seems like a great opportunity for business and the economy.


SALES AND USE TAX

Colorado DOR Reverses Course, Saying Don’t Rely on What We Said

Judy B. Vorndran, CPA, Esq.TaxOps, LLCEnglewood, COPhone: (720) 227-0093E-mail: [email protected]

The state of Colorado Department of Revenue has come out strong in 2018 with a pronouncement that all previous bulletins and positions during the late 2000s are now null and void. Read for yourself what they have to say in Rev. Bulletin 18-01, issued Feb. 28, 2018:

“The Department of Revenue hereby rescinds all Revenue Bulletins and Policy Positions previously published by the Department. These documents, which were last published by the Department during the late 2000s, do not represent an official articulation of any position held by the Department nor does the Department consider them binding with respect to any tax matter. The previously published Revenue Bulletins and Policy Positions should not be relied on for any purpose.”

Taxpayers seeking guidance beyond that provided in Colorado’s tax statutes should consult the Department’s rules and regulations, which are published by the Secretary of State. A taxpayer seeking additional guidance regarding a particular transaction or factual scenario can request a Private Letter Ruling (PLR) or General Information Letter (GIL). Requests for PLRs and GILs must comply with certain requirements, which are currently set forth in 1 Code of Colorado Regulations 201-1, Regulation 24-35-103.5. PLRs are binding upon the Department only with respect to the specific taxpayer that requested the PLR. GILs are for informational purposes only and are not binding on the Department.

The TakeawayThe Colorado DOR is cleaning the slate and starting fresh on positions established in the late 2000s. Not only is the time period vague for which this statement applies, taxpayers can no longer rely on publicly released DOR positions. This means that if you made a tax decision based on such revenue bulletins, sorry, you may now need to reverse or modify that decision for compliance, or at the very least, request a PLR or GIL.

In more than two decades of monitoring legal and regulatory state and local tax developments, I have never seen a department of revenue reverse en masse previous positions from a specific time period.

This action could leave taxpayers and their preparers in a bind on how to proceed with certainty and could slow down the rollout of business strategy as taxpayers request and await PLRs and GILs.



INSTITUTE FOR PROFESSIONALS IN TAXATION®

ANNUAL MEETING NOTICE AND NOTICE OF PROPOSED AMENDMENTS TO BY-LAWS

April 26, 2018

NOTICE OF ANNUAL MEETING

Pursuant to Section 2 of ARTICLE III of the Institute’s By-Laws, and by direction of the Board of Governors, notice is hereby given that the annual meeting of members of the Institute for Professionals in Taxation® will be held Sunday, June 24, 2018, at 4 p.m. PDT at the JW Marriott Parq Vancouver in Vancouver, British Columbia, Canada, for the following purposes:

1. For the election of Officers and members of the Board of Governors. Section 5 (a) of ARTICLE III of the By-Laws provides in part that “The Nominating Committee shall report such nomination to the Board of Governors no later than seventy (70) days prior to the annual meeting, and the Executive Director shall include such list of nominees in the notices of the annual meeting. Additional nominations may be made from the floor at the annual meeting by any voting member in good standing, provided that such member shall have given to the Executive Director, no less than thirty (30) days prior to the annual meeting, a nominating petition, signed by at least ten (10) voting Members in good standing, containing the names of the proposed nominees and the position for which each nominee is nominated.”

The Nominating Committee is recommending the following nominees:

2. To consider and vote upon amendments to the By-Laws as proposed by resolution of the Board of Governors.

3. To transact such other business as may properly come before the meeting. I urge you to attend this important meeting. The By-Laws provide that only Regular Members, Board Members, and Honorary Members are eligible to vote at the annual meeting. If attendance by the voting member is not possible, Section 4 of ARTICLE III of the Institute’s By-Laws provides that “each member in good standing entitled to vote at a meeting of the members of the Institute may authorize another member to act for him by written proxy.”

Chris G. Muntifering, CMI Executive Director

PRESIDENT FIRST VICE PRESIDENT SECOND VICE PRESIDENT

Rick H. Izumi, CMI Janette M. Lohman, CMI, CCIP, Esq., CPA David H. LeVan, CMI

Partner Partner Senior Director

ITA, LLC Thompson Coburn LLP Walmart Stores, Inc.

BOARD OF GOVERNORS (Three-Year Term)

Diane D. Brown, CMI Trisha C. Fortune, CMI, CPA Mark R. Young, CMISenior Property Tax Representative Principal Property Tax Manager

Kinder Morgan, Inc. Ryan, LLC Andeavor


Credits & Incentives is finding its way into all areas of state and local property, sales and income taxation, and is becoming an important component in many SALT strategies.

IPT’s Credits and Incentives School can be helpful not only to credits and incentives professionals, but to tax professionals from all backgrounds. What you learn at the school can help you take your career to the next level as you navigate through basic and advanced credits & incentives concepts, practical applications of these approaches, and complex issues that tax professionals encounter on a daily basis. A comprehensive case study is also a part of the school to allow you to see how these concepts work in real-world scenarios.

The curriculum includes sessions covering negotiation strategies, ethics, statutory tax credits, and discretionary incentives. Through a comprehensive case study, you will have the opportunity to experience real-world situations and solve problems that C&I professionals often face.

Prior to attending the school, students should have a basic knowledge of state and local taxation concepts. For those attendees who are not involved in all areas of SALT, but would like a general understanding of the other tax disciplines, IPT offers three separate courses in property, sales & use, and state income taxation. While not mandatory, taking these courses in advance will help you when the school begins on June 4.

Successful completion of the Credits & Incentives School is just one of the first steps in pursuing a Certified Credits and Incentives Professional Designation (CCIP). The purpose of IPT schools is for the development and enhancement of your professional career and the final exams should not be viewed as a facsimile of the designation exams.

Make hotel reservations by calling the Georgia Tech Hotel & Conference Center at (800) 706-2899 and mention the IPT School.

Credits & Incentives SchoolJune 3–8, 2018Georgia Tech Hotel & Conference Center, Atlanta, GA

REGISTER NOW!

Online Registration (You must log on to register)

Registration Form

Brochure

Hotel Reservation

It’s Never Too Early...It’s never too early to start planning for IPT’s Credits & Incentives Symposium on November 6 – 9, 2018, at the Hyatt Regency Grand Cypress Resort in Orlando. The Credits & Incentives Symposium Committee is hard at work reviewing topics and speakers for the program and more information on the sessions will become available in the coming months. As always, the symposium will also provide several great opportunities to help you grow your professional network. So make sure to save those dates, and we hope to see you in November!

https://www.ipt.org/core/events/eventdetails.aspx?iKey=CISCH2018

https://www.secure-res.com/res/vn4/checka.aspx?hotelid=2871&trr=7F9AEED6CEF123&scid=1&scdomainid=0&rlog=957&ri=25873&culture=1&culturename=en-US

https://www.ipt.org/iptdocs/Files/ProgramBrochures/2018CISCHRegistrationForm.pdf

https://www.ipt.org/iptdocs/Files/ProgramBrochures/2018CISchoolBrochure.pdf


State Income Tax School I provides an in-depth examination of the fundamentals of state and local business income tax by covering the basics, such as nexus and entity concerns, apportionment complexities, mergers and acquisitions, reorganizations, fundamentals of formulary apportionment, and/or handling an income tax audit. The school is led by a professionally diverse faculty with many decades of experience in the state and local income tax field. The curriculum provides a thorough review of basic principles and an introduction to more advanced issues. The school is intended for those with less than five years income tax experience.For successful completion, students are expected to attend 90% (i.e., earn 35.1 CE credit hours) of the school including the mandatory one-hour ethics session. CMI income tax applicants must attend State Income Tax School II as part of the requirements to sit for the CMI Exams.

Students at IPT’s State Income Tax School II will study the complex problems state income tax professionals regularly face including state tax issues for foreign affiliates, coordinating federal and state RARs and compliance, and transfer pricing. Some of the state taxes that replace or have income tax features will be discussed, including the Ohio CAT and the Texas margin tax. IPT’s State Income Tax School II is intended for those individuals who have already competed State Income Tax School I, or who have successfully challenged it, or for those who have seven years of relevant income tax experience. For successful completion, students are expected to attend 90% (i.e., earn 34.2 CE credit hours) of the school including the mandatory one-hour ethics session. The 90% attendance must be reflected in the official certificate of attendance.

State Income Tax Schools I & IIJune 3–8, 2018Georgia Tech Hotel & Conference Center, Atlanta, GA

Here are some of the topics from State Income Tax School I:

• General Session: State Of The States

• General Session: Jurisdiction To Tax, Part 1: Federal Constitutional Limitations

• General Session: What Is a Unitary Business?

• General Session: Income Tax Filing and Compliance

• General Session: Common Issues in Mergers and Acquisition

• General Session: Fundamentals of Formulary Apportionment

• General Session: Pass Through and Disregarded Entities

• General Session: Tax Provisions 101

• General Session: Determination of Income Tax Base

• Ethics

Online Registration (You must log on to register) Hotel ReservationRegistration FormBrochure

Here are some of the topics from State Income Tax School II:

• General Session: Evaluating Risk in Nexus and P.l. 86-272 Issues

• General Session: Nonbusiness Income: Recent Cases & Remaining Questions

• General Session: Unitary Business: Core Theory & Recent Applications

• General Session: Thorny Issues With “Other” Business Taxes: Margin Tax, Franchise Tax, B&O, etc.

• General Session: Complex Problems in Combined Reporting and Advanced Return Mechanics

• General Session: Coordinating Federal and State Rars and Compliance

• General Session: State Tax Issues for Foreign Affiliates

• General Session: Related Party Transactions: Transfer Pricing, 311(B) Distributions, etc.


Hotel Reservation Registration Form Brochure

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https://www.ipt.org/iptdocs/Files/ProgramBrochures/2018StateIncomeTaxSchoolIIBrochure.pdf


IPT is dedicated to equipping you with the knowledge and skills you can use every day. Whether you specialize in real or personal property taxation, IPT’s trio of property tax schools offer comprehensive courses that range from basic, fundamental principles and concepts to advanced study of valuation theory and practice. The school instructors at each school are among most knowledgeable in the profession and bring real-world experience and insight to the classroom.

As you plan your calendar for the remainder of 2018, consider attending one or more of these schools. As former students have testified, you will return to your company enlightened, invigorated and better equipped to manage the challenges and opportunities of your profession. Successful completion of the schools will help you earn continuing education credits as well as credit toward the CMI professional designation. All schools are currently open for registration and we encourage you to register early as the schools tend to fill up quickly. See below for more information about each school.

Property Tax SchoolAugust 5–9, 2018Hilton DFW Lakes Executive Conference Center Grapevine, TX

The Property Tax School is designed for tax professionals who have less than five years of experience in the field and little or no exposure to appraisal training. The school focuses on basic property tax principles and concepts and helps attendees develop the technical skills needed to succeed in the field. There are no prerequisites for this course, and successful completion of the series of quizzes throughout the school is required. This school is a prerequisite for the Real and Personal Property Tax Schools and is eligible to be challenged.


Real Property Tax SchoolAugust 19-24, 2018Georgia Tech Hotel & Conference Center Atlanta, GA

The Real Property Tax School is a comprehensive, program for property tax personnel who have some experience in the real property area. The purpose of the program is to provide students with a fundamental and integrated knowledge of property tax principles, concepts and technical skills essential in the field.

The school features an in-depth study of the property tax valuation process, including the three approaches to value. Other related topics covered in the school include, but are not limited to, sales ratio studies and mass appraisal; direct capitalization, yield capitalization and discounted cash flow models; assessor, appeal board and court interactions; building cost estimates and types of depreciation.Individuals must have successfully completed or challenged IPT’s Property Tax School in order to attend. Successfully completing this school is a mandatory requirement for earning the Property Tax CMI designation, and the school is not eligible to be challenged.


Personal Property Tax SchoolSeptember 23-27, 2018AT&T Executive Education and Conference Center Austin, TX

The Personal Property Tax School provides an in-depth study of personal property taxation. It’s intended for property tax personnel who have a basic knowledge of the property tax area. IPT’s Personal Property Tax School builds on the fundamental knowledge of property tax issues and helps attendees expand their current knowledge of personal property tax issues including the intricacies of personal property tax in a business environment. Individuals must have successfully completed or challenged IPT’s Property Tax School in order to attend. Successfully completing this school is a mandatory requirement for earning the Property Tax CMI designation, and the school is not eligible to be challenged.


The Building Blocks for Property Tax Professionals

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https://www.ipt.org/core/events/eventdetails.aspx?iKey=PPSCH2018


Organizations Do Bad Things. Visit the conference brochure to see all of the sessions, activities networking opportunities at this year’s program. Please note that space is rapidly filling up so early registration is recommended. Register for the conference by May 25, to receive early bird pricing. After May 25, the registration price increases by $50.

Make Your Hotel Reservation Today!This year, the conference is being held at the JW Marriott Parq Vancouver & the DOUGLAS, a Marriott Autograph Collection Hotel, brand new facilities close to many of Vancouver’s many attractions. Both hotels are connected to the conference’s meeting space and offer luxury accommodations and access to the Parq Vancouver’s many amenities. When you reserve your room, you can select either hotel using IPT’s special room rates. Click here to make your hotel reservations.

Moreover, if you have questions about traveling to Canada, visit the conference website.

Are You Ready for IPT’s Annual Conference?IPT is ready! IPT President Robert S. Goldman, CMI, Esq., and the Annual Conference Committee have put together a robust agenda of sessions, speakers, and topics that brings tax professionals from across the country and multiple tax disciplines together to learn from each other and build their professional networks. The conference features more than 60 sessions and the opportunity to earn up to 17 CPE credits in state and local education, including 1.5 hours of ethics. IPT members from each discipline worked to create a roster of sessions that address the issues and questions that face professionals within each specialty. This program is a wonderful opportunity to learn more about the issues important to your discipline, or branch out and learn more about another tax specialty. “Hot Topics” represented at this year’s conference include tax reform, fee simple valuation, and the Wayfair case, just to name a few. Here is a look at what you can expect from each educational track at the conference. Click on the one below for the full program in that discipline.

Credits & Incentives

Property Tax

Sales Tax

State Income Tax

You Don’t Want to Miss This!Highlights at the conference also include the debut of results from IPT’s latest sponsored research project, The Valuation of Free Standing Retail for Property Tax Purposes. The session is an opportunity for tax professionals from all disciplines to learn more about fee simple valuation and its potential impact on IPT’s members.

The conference also has two keynote speakers, Craig Karges, an entertaining speaker who helps motivate individuals to find the best within themselves, and Professor David Schultz of the Hamline University Department of Political Science, who will lead the ethics discussion: Why Good People and

2018 Annual ConferenceChanging Times - Changing Taxes

Vancouver, BC | June 24 -27, 2018

"The DOUGLAS, an Autograph Collection Hotel, is named for the majestic Douglas firs that grow throughout British Columbia. Stylish and modern, this property reconnects people and place, craft and commerce, and creates a timeless and engaging environment with real-time connectivity for the metropolitan adventurer."

© 2017 PARQ VANCOUVER. NAMESAKE: DAVID DOUGLAS. Retrieved from http://thedouglasvancouver.com/our-story/.

http://thedouglasvancouver.com/our-story/

https://www.ipt.org/iptdocs/Files/ProgramBrochures/2018ACBrochure.pdf

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https://www.ipt.org/IPT/Programs/IPT_Annual_Conference/IPT/Programs/IPTAnnualConference.aspx


8:30-9:45 amKeynote Session: Why Good People and Organizations Do Bad Things - David Schultz, PhD, LLM, JD

9:45-10:15 am Presentation of Awards

10:15-10:30 am Break - Sponsored by: Tax Advisors Group, LLC

10:30-11:45 am General Session: IPT-Sponsored Research – A Summary of Situs RERC’s Findings

11:45 am- 1:00 pm Lunch

1:00-2:00 pmLove at First Sight? Property Tax Considerations for Site Selection (Joint session with Property Tax)

2:00-2:15 pm Break

2:15-3:15 pm Eastern Region Incentives Updates

3:15-3:30 pm Break

3:30-4:30 pm Deep Dive - Sales Tax Rebate Incentive Program (Joint session with Sales Tax)

6:00-10:00 pm The Great Gatsby Reception and Mystery Dinner (Admittance is by badge only)

Wednesday, June 27, 2018 Concurrent General Sessions

7:00-8:15 am Continental Breakfast (Admittance is by badge only)

8:30-9:30 am Recent Developments in Federal and State Research (Joint session with State Income Tax)

9:30-9:45 am Break

9:45-10:45 am Managing Sales Tax Incentive Program Compliance (Joint session with Sales Tax)

11:00 am-Noon General Session: Changing With the Times Without Changing Who You Are

Sunday, June 24, 2018

2:30-7:30 pm Registration4:00-5:00 pm Annual Business Meeting5:00-5:30 pm Member Connections Welcome

5:30-7:00 pmOpening Reception/Exhibits Open (Admittance is by badge only) Sponsored by: PowerPlan, Inc.

Monday, June 25, 2018

7:00 am-4:00 pm Registration Continues


8:15-9:00 am Opening of Conference - Welcome & Introductions

9:00-10:15 am Keynote Session: Craig Karges

10:15-10:30 am Morning Break - Sponsored by: Fandl, LLC

10:30 am-12:00 pm

General Session: Federal Tax Reform and State Tax Implications

12:00-1:00 pm Lunch - Sponsored by: Altus Group

1:00-2:00 pm Grabbing the Gold Ring – Identifying Property Tax Incentives (Joint session with Property Tax)

2:00 - 2:15 pm Break

2:15-3:15 pm ASC 740 - Account for Incentives

3:15-3:30 pm Break

3:30-4:30 pm Central & West Incentives Updates

5:30-7:00 pmReception/Exhibits Open (Admittance is by badge only)Sponsored by: Perkins Coie LLP

Tuesday, June 26, 2018


IPT 2018 Annual Conference Credits and Incentives Program At-A-Glance

Institute for Professionals in Taxation® www.ipt.org (404) 240-2300

Event Sponsors: Charging Station - KPMG LLP; Internet Service - Bingham Greenebaum Doll LLP


Tuesday, June 26, 20187:00-8:15 am Continental Breakfast (Admittance is by badge only)

8:30-9:45 am Keynote Session: Why Good People and Organizations Do Bad Things - David Schultz, PhD, LLM, JD

9:45-10:15 am Presentation of Awards10:15-10:30 am Break - Sponsored by: Tax Advisors Group, LLC


11:45 am-1:00 pm Lunch

Property Tax Breakout Sessions1:00-2:00 pm

Love at First Sight? Property Tax Considerations for Site Selection (Joint session with C&I)The Future is Here: Supply Chain Logistics’ Influence on Industrial Site SelectionSuper, Natural, Taxes: Property Tax Issues of British Columbia & VancouverThe Not So Fee Simple Truth: Deep Dive Into the IPT-Sponsored Research on Retail Big Box Issues

2:00-2:15 pm Break


Property Taxes in Boomtowns and the Gig EconomyLegislative Response to Property Tax Issues: A True StoryThinking Beyond the Value Box -- Using Uniformity to Win (Without Really Trying)Don’t Forget About Me, I’m Property Too: A Look at Inventory Reporting

3:15-3:30 pm Break


Expert Witnesses: Learn How to Be PreparedKnow Your Onions! Potential Impact the New Leasing Standards Will Have on Property TaxesRoundtable: RetailRoundtable: Hotel/MotelsDr. Assets Reports You Have Intangibles But He Can’t Find Them – Healthcare Roundtable DiscussionHigh-Tech Roundtable



7:00-8:15 am Continental Breakfast (Admittance is by badge only)8:30-9:30 am Litigating the Income Approach9:30-9:45 am Break

9:45-10:45 am Three Views on Training the Property Tax Professional: Corporate, Taxpayer Advocate and Government


Sunday, June 24, 20182:30-7:30 pm Registration4:00-5:00 pm Annual Business Meeting5:00-5:30 pm Member Connections Welcome


Monday, June 25, 2018 0177:00 am-4:00pm Registration Continues


8:15-9:00 am Opening of Conference - Welcome & Introductions9:00-10:15 am Keynote Session: Craig Karges10:15-10:30 am Morning Break - Sponsored by: Fandl, LLC10:30 am-12:00 pm




Grabbing the Gold Ring – Identifying Property Tax Incentives (Joint session with C&I)Software of Things: Case Study of California Software ExemptionConfronting Myths About ChangePersonal Property Taxation: Separating Intangible Assets

2:00 - 2:15 pm Break


Taking the Path Less Traveled is Hard. That’s Why Most Choose Not To.The Cost Approach and All That Jazz (Repeated at 3:30 pm)Is it Real Property, or is it Personal Property? Who Cares? You Do! More than Semantics: Implications of Defining Value

3:15-3:30 pm Break


When Taking Your Tax Disputes to the Bankruptcy Court Makes SenseTurning Back Time - How Far and What to Do With Omitted PropertySpecial Purpose Property - Landfill ValuationThe Cost Approach and All That Jazz (Repeated from 2:15 pm)

5:30-7:00 pm Reception/Exhibits Open (Admittance is by badge only) Sponsored by: Perkins Coie LLP



IPT 2018 Annual Conference Property Tax Program At-A-Glance


Tuesday, June 26, 20187:00-8:15 am Continental Breakfast (Admittance is by badge only)

8:30-9:45 am Keynote Session: Why Good People and Organizations Do Bad Things - David Schultz, PhD, LLM, JD

9:45-10:15 am Presentation of Awards10:15-10:30 am Break - Sponsored by: Tax Advisors Group, LLC


11:45 am-1:00 pm Lunch

Sales Tax Breakout Sessions1:00-2:00 pm

Changing Nexus: What Happened to Quill (Repeated from Monday at 1:00 pm) These Times They Are a Changing!!! Discuss Reserves & ASC 450 (Repeated from Monday at 3:30 pm)Retailers/Restaurants – Out With the Old, in With the New, Which One Do You Want to Be?The “Real” Sting: Local Taxes

2:00-2:15 pm Break


The Way Forward After Wayfair: M&A Considerations in a Post-Physical-Presence Nexus WorldLatest Trends in Incorporating Automation (Repeated from 3:30 pm on Monday)Taxability of Digitally Delivered Products (Repeated from 2:15 pm on Monday) Manufacturing – Using Recent Rulings and Hearings Decisions to Maximize Tax Savings Opportunities

3:15-3:30 pm Break


Deep Dive - Sales Tax Rebate Incentive Program (Joint session with C&I) Why is the State Taxing Our Exempt Sales? Exemption Certificate Management and Drop ShipmentsTax Qui Tam and Class Action Lawsuits: Planning and DefenseNavigating Sales/Use Tax Protests & Appeals (Repeated from Monday at 3:30 pm)




8:30-9:30 am 2018 Developments in Sales and Use Taxation (Repeated from Monday at 2:15 pm)

9:30-9:45 am Break

9:45-10:45 am Managing Sales Tax Incentive Program Compliance (Joint session with C&I)


Sunday, June 24, 20182:30-7:30 pm Registration4:00-5:00 pm Annual Business Meeting5:00-5:30 pm Member Connections Welcome


Monday, June 25, 2018 0177:00 am-4:00pm Registration Continues


8:15-9:00 am Opening of Conference - Welcome & Introductions9:00-10:15 am Keynote Session: Craig Karges10:15-10:30 am Morning Break - Sponsored by: Fandl, LLC10:30 am-12:00 pm




Changing Nexus: What Happened to Quill (Repeated on Tuesday at 1:00 pm)Sourcing Software, Cloud Services & Digital Goods: There’s No App for ThatCanadian Tax Issues – 101The Far and Not So Far West: An Insightful Update from Local Experts

2:00 - 2:15 pm Break


2018 Developments in Sales and Use Taxation (Repeated on Wednesday at 8:30 am) Taxability of Digital Goods and Services (Repeated on Tuesday at 2:15 pm)Cross-Border Canadian Sales Taxes – $20M Traps for the Unwary AmericanSampling: Big Data, Big IDR’s and Big Unknowns…

3:15-3:30 pm Break


Navigating Sales/Use Tax Protests & Appeals (Repeated on Tuesday at 3:30 pm)These Times They Are a Changing!!! Discuss Reserves & ASC 450 (Repeated on Tuesday at 1:00 pm) Latest Trends in Incorporating Automation (Repeated on Tuesday at 2:15 pm)Managing an Audit During Times of Change (Advanced Session)

5:30-7:00 pm Reception/Exhibits Open (Admittance is by badge only) Sponsored by: Perkins Coie LLP



IPT 2018 Annual Conference Sales Tax Program At-A-Glance


8:30-9:45 amKeynote Session: Why Good People and Organizations Do Bad Things - David Schultz, PhD, LLM, JD

9:45-10:15 am Presentation of Awards

10:15-10:30 am Break - Sponsored by: Tax Advisors Group, LLC


11:45 am- 1:00 pm Lunch

1:00-2:00 pm Alternative Apportionment

2:00-2:15 pm Break

2:15-3:15 pmThrough the Looking Glass: A Deeper Look at State Income Tax Responses to Federal Tax Reform

3:15-3:30 pm Break

3:30-4:30 pm Basic Restructuring – State Tax Considerations




8:30-9:30 am Recent Developments in Federal and State Research (Joint session with C&I)

9:30-9:45 am Break

9:45-10:45 am State Payroll Audits


Sunday, June 24, 2018

2:30-7:30 pm Registration4:00-5:00 pm Annual Business Meeting5:00-5:30 pm Member Connections Welcome


Monday, June 25, 2018

7:00 am-4:00 pm Registration Continues


8:15-9:00 am Opening of Conference - Welcome & Introductions

9:00-10:15 am Keynote Session: Craig Karges

10:15-10:30 am Morning Break - Sponsored by: Fandl, LLC

10:30 am-12:00 pm



1:00-2:00 pm State Implications of the Federal Partnership Rules

2:00 - 2:15 pm Break

2:15-3:15 pm The Many Faces of Market Based Sourcing

3:15-3:30 pm Break

3:30-4:30 pm Back to Basics

5:30-7:00 pmReception/Exhibits Open (Admittance is by badge only)Sponsored by: Perkins Coie LLP

Tuesday, June 26, 2018


IPT 2018 Annual Conference State Income Tax Program At-A-Glance




Event sponsors

Sunday Reception

Monday Morning Break

Monday Lunch

Monday Reception

Tuesday Morning Break

Charging Station

Internet Service

as of April 24, 2018


general sponsors

Ad Valorem Assessment Advisors, Inc.

Altus Group

Dean, Mead & Dunbar

Ernst & Young LLP

Faegre Baker Daniels/Equity Property Tax Group

Gangloff & Gangloff, Attorneys at Law

Greenberg Traurig, LLP

Law Offices of Nicholas A. Furia, PLLC

Marvin F. Poer and Company

National Association of Property Tax Attorneys

National Property Tax Group

Pritchett Sales & Use Tax Consulting

Property Tax Assistance Co., Inc.

Pullman & Comley, LLC

Reed Smith LLP

R. E. McElroy, LLC

Ryan Law Firm, LLP

Tax Advisors Group, LLC

as of April 24, 2018


Exhibitors

Visit the Exhibits: Exhibitors will be present for the reception on Sunday and Monday Evening. Confirmed Exhibitors as of April 24, 2018.

Avalara

CrowdReason

CSC TCI

GMG CERTifyTAX, LLC

Paradigm Tax Group

Rethink Solutions, Inc.

Thomson Reuters


Local LuncheonsLocal Luncheons

Chicago Area Local Luncheon GroupDate: Wednesday, May 16, 2018Time: 11:30 AMLocation: Maggiano's Banquets Chicago, IL

Topic: “Challenges and Issues with the New 2018 Triennial Reassessment"

Speaker: Thomas Jaconetty, Chief Deputy Assessor, Cook County Assessor's Office

Contact: Steve Stallings [email protected]

Atlanta Area Local Luncheon GroupDate: Tuesday, May 8, 2018Time: 11:30 AMLocation: Maggiano's - Perimeter Mall Upstairs Banquet Hall

Topic: "Credits and Incentives: What’s New for 2018? Effective Management of Your Business’s Incentives"

Speakers: David Child, Director, ADP and Dana Brewer, Director of Research with Georgia Department of Economic Development

Contact: Adam Richmond (404) 262-2000 or [email protected]

Memphis Area Local Luncheon GroupDate: Wednesday, May 23, 2018Time: 11:30 AMLocation: International Paper Headquarters

Memphis, TN

Topic: "Wayfair v. South Dakota: Will Anyone Win?"

Speakers: Eddie Bringhurst, CMI and Brian McCuller, JD, CPA with LBMC

Contact: Anna Howell [email protected]





Local LuncheonsSan Antonio Area Local Luncheon GroupDate: Wednesday, May 30, 2018Time: 11:30 AMLocation: Silo @ 1604

San Antonio, TX

Topic: "Excise Tax and Technology"

Speakers: Kelly S. Mathews and Jennifer S. Draper

Contact: Jessica Medellin (210) 403-6402 [email protected]

Milwaukee Area Local Luncheon GroupDate: Thursday, May 24, 2018Time: 11:30 AMLocation: Holiday Inn Milwaukee Riverfront Milwaukee, WI

Topic: “Advancing and Maximizing Economic Opportunities for Businesses, Communities and People"

Speaker: Tina Chitwood, Neil White and Kathryn Berger with Regional Economic Development Directors

Contact: Paula Jung (414) 524-2538

[email protected]

Dallas/Fort Worth Local Luncheon GroupDate: Thursday, July 26, 2018Time: 11:30 AMLocation: Maggiano's Plano, TX

Topic: TBD

Speakers: TBD

Contact: Lynn Krebs, CMI, Ph.D. [email protected]





Personal Property Filing Dates:

MD 6/15 (on extension)

Assessment Dates:

None

* Dates vary, check jurisdiction

** Date falls on a weekend, should be next business day, check jurisdiction

Appeals Due:

MN* OK* MO* VA* VT* WI* WY*

CO 6/1 if in personGA* 45 days after noticeID 4th Monday in JuneMO 3rd Monday in June for 1st Class Counties

and CharterMT 1st Monday in June or 30 days after noticeNE 6/30**NY 3rd Tuesday-Westchester & Geneva (City)

To Board of EqualizationVA* Manufacturing property valued by the Dept.WI* of Revenue - 60 days after notice

Property Tax Calendar ~ June 2018This information is provided by International Appraisal Company (IAC) and is provided for quick reference/reminder purposes only. IPT and IAC make no guarantee to completeness or accuracy and are not responsible for errors or omissions or for any results from the use of this information. We strongly suggest confirmation of all information with local taxing jurisdictions.


IPT’s Third Party Drop Shipment Survey 14th edition is coming this summer. An invaluable resource to tax professionals for years, this fourteenth edition of the survey – last published in 2016 – will help you navigate the complexities of drop shipment transactions nationwide. Forty-five states and the District of Columbia were contacted and asked to respond to a ten-question survey that has been updated biannually since the survey was first published in 1990.

IPT’s Third Party Drop Shipment Survey 14th edition will keep you informed of the changes to sales tax treatments of these transactions, as well as provide you with an updated list of key contacts in the responding states and the District of Columbia.

While the survey is currently being conducted and will not be available until summer 2018, the 13th edition is available in a hard copy format and the cost to members is $200 per copy. Non-members pay $275 per booklet. (Residents of Georgia should include in the remittance appropriate Georgia sales tax.) Employees of companies that have IPT members may purchase the survey for a discounted rate of $225. These rates include shipping costs. Visit www.ipt.org/publications for more information and to see the survey questions and a sample response.

Order Your Copy Today!

2016 Third-Party Drop Shipment Survey Brochure

Purchase Third-Party Drop Shipment Survey Online

IPT Publications Order Form

The Institute’s Sales and Use Taxation, 2nd edition, is available for purchase. Click here to order

The text is on a convenient and portable flash drive, so you can easily access the essential information every sales tax professional needs whether you are in or out of the office.

The discounted price for IPT members is $100 and $125 for those employed by companies with IPT members. The cost for non-members is $175. The text was edited by William F. Fox, Ph.D., Professor of Economics and Director of the Center for Business & Economic Research, Haslam College of Business at the University of Tennessee, Knoxville.

Sales and Use Taxation, 2nd edition, is just one of several publications that are currently available from IPT. The others include:Property Taxation 4th Edition (2014)State Business Income Taxation 1st Edition (2012)

CANON 5 ~

IT IS UNETHICALto disclose confidential employer or client documents or information except with the consent of the employer or client or as required by law.

IPT’s Third-Party Drop Shipment Survey 14th Edition (Coming Soon)

IPT’s Third-Party Drop Shipment Survey 13th Edition

IPT’s Sales and Use Taxation 2nd edition

Careers

IPT Educational Resources

IPT can help match great people with great opportunities. Visit the Career Opportunities page on the IPT website for career position descriptions and requirements.

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https://www.ipt.org/core/events/eventdetails.aspx?iKey=EBPTBK

https://www.ipt.org/core/events/eventdetails.aspx?iKey=EBITBK

http://www.ipt.org/IPT/Careers/CI_Positions/IPT/Career_Opportunities/Credits_and_Incentives_Positions_Available.aspx?hkey=01e019a0-f877-4355-b2b5-e199d4609e5f

https://www.ipt.org/iptdocs/Files/MiscForms/20163PDS.pdf

https://www.ipt.org/core/events/eventdetails.aspx?iKey=EB3PDS


New Members

Michael W. Laclair 3M

Andrea N. Ansah 14 West Administrative Services LLC

Joseph M. Kain Abbey Road Tax Consultants, LLC

Michael A. Stone Abbey Road Tax Consultants, LLC

Laurie Frenzel AECOMBrian Rusher AECOMTony Smith AECOM

Susan Hancock Aetna Inc.Sumiko (Sam) Baker Aldi Inc.

Amber Guenther Altus GroupCynthia Sanchez, CPA Alvarez & Marsal Taxand, LLC

Donovan Brogan Amazon.ComKevin Long Amazon.Com

Dana Romas Amazon.ComSeybg Son-Seungson Amazon.Com

Stephen McDonald Amazon.Com

Youngjee Shin American Honda Motor Company, Inc.

Melanie Mitchell Anadarko Petroleum Corp.Latoya Williams-Osumo Anadarko Petroleum Corp.

Cindy Shanaghan ARAMARK CorpTyler Bickel ArchrockAlbert Ferrel Archrock

Khristina Griffin ArchrockKayla Smith Archrock

Robert Wilcott ArchrockAllan J. Copenheaver,

Jr. Arconic Inc.

Deborah A. Dietrich Arconic Inc.Caroljane Gibbons Arconic Inc.

Steve Hall Arconic Inc.Kate L. Jarusinsky Arconic Inc.Jennifer L. Nock Arconic Inc.Carol L. Pawlos Arconic Inc.

Tonya Rice Arconic Inc.Paul Forney AT&T

Richard Hardy AT&TAlex Hatten AT&TJean Russell AT&T

William A. Walsh AT&TMarco Valdez AT&T

Stephen Harris AtmosEnergy CorporationLanette Gerving-

Hellman Basin Electric Power

Chris Henriksen Basin Electric PowerKaren Plum Basin Electric PowerRD Reimers Basin Electric PowerDavid Jacks Calpine Corporation

Naeem Lewis Citrix Systems, Ind.Ryan Muldoon Comcast Corporation

Shannon Cynkin CSC-TCIMark Chambers DeLage landenTim Aickareth Deloitte Tax LLP

Cassandra Cole Deloitte Tax LLPCristin Burke Devon Energy CorporationFoster Crain Devon Energy CorporationJoel Stafford Devon Energy Corporation

Andrea Doughten E. I. Du Pont de Nemours & Company

Lisa Patterson E. I. Du Pont de Nemours & Company

Shalom Stratford E. I. Du Pont de Nemours & Company

Parteek Puri EDP Renewables NA LLCJessie Peralez EDP Renewables NA LLCJohn Hendricks Enduro Pipelines Services, Inc.Rudene Betton Ernst & Young LLPRaquel Burgett Ernst & Young LLPBrian Beechem First Group AmericaDavid Dierken First Group AmericaBryan Moore First Group America

Patrick Sabelhaus First Group America

Anthony Geiser Florida Power & Light (FP&L)/NextEra Energy, Inc.

Damon Maxey Gamble Simmons LPEllen Montean General Mills

Andy Liao Google LLCTereza Melakouva Google LLC

Kiley Shetler Grant Thornton LLPClare Walter Grant Thornton LLP

Natalie Ann Dowdy, CPA HD SupplyKesha Haley HD Supply

Carolyn Hamilton HD SupplyAlex Jones HD SupplyChloe Lillig HD Supply

Name Company Name Company


New Members

Jenna McMillion HD SupplyJeff Monday HD Supply

Preston Porterfield HD SupplyRoberto Ruiz HD SupplyErin Sullivan HD Supply

Ryan Weaver, CPA HD SupplyCharlotte Wilkerson HD Supply

Lea Ann Mitchell Hilton WorldwideChintu Patel Hilton Worldwide

Elanore Fugate, CPA Humana Inc.Andrew Simpson Humana Inc.

Tim Allen ICM Inc.Robin Couey ICM Inc.Lisa Schmidt ICM Inc.Fabian Avina IHeartMedia, Inc.Jeffery Bell IHeartMedia, Inc.Scott Bick IHeartMedia, Inc.

Fairlee Griffin IHeartMedia, Inc.Brad Sundin IHeartMedia, Inc.

Stephanie Esteves Ingersoll-Rand CompanyJoseph Glovine Ingersoll-Rand Company

Kerry Woodhouse Ingersoll-Rand CompanyAlexander Blondin Kerry

Joe Aaron Mullis, J.D. Knox Tax law PLLCBruce Fiene KOCH Industries Inc.

Yan Kremerman Kohl's Department Stores, Inc.Christopher Wemmert KPMG LLP

Ted Matthies KPMG LLPReid Okimoto KPMG LLP

Jeremy Blocher KPMG LLPDavid MacNamara KPMG LLP

Shirley K. Sicilian, Esq. KPMG LLPClayton Akin LKQ CorporationDeborah Cox LKQ CorporationBret Jones LKQ Corporation

Carine Ndinda LKQ CorporationWilliam Alexander

Seeren LKQ Corporation

Brenda Michelle Williams LKQ Corporation

Jon Gustafson Lockheed Martin CorporationLisa Barentine Lowe's Companies, Inc.Natalie Cohen Lowe's Companies, Inc.

Olivia Sessions Lowe's Companies, Inc.

Camiller Arend Marathon Petroleum Company LP

Todd Freeman Martin Marietta MaterialsKaren Geiger Martin Marietta Materials

George Pappas Martin Marietta MaterialsSharon Rosiak Martin Marietta MaterialsJulia Truelove Martin Marietta MaterialsPaul Hardin Martin Marietta Materials

Stephen Doherty Marvin F. Poer and CompanyJoceline Diaz MasTec North America Inc.

Alysse McLoughlin, Esq. McDermott Will & Emery LLPNaomi Baldwin, Sr. Microsoft Corporation

Rachel Walters Microsoft CorporationMatthew Cammarata Morrison & Foerster LLP

Tatyana Lirtsman Moss Adams LLP

Evan Kyle Lantz National Bureau of Property Administration, Inc.

Delsa Christian Parker Hannifin CorporationJohn Cristiano Parker Hannifin CorporationBeth Lorentz Parker Hannifin Corporation

Mariana Tamburro Parker Hannifin CorporationAndrew Adair Phillips Edison & Co.Tracey Bunch Phillips Edison & Co.Ashley Duff Phillips Edison & Co.

Barb Hardwick Phillips Edison & Co.Scott Nekolny Phillips Edison & Co.John Rothgeb Phillips Edison & Co.Micah Reed Pilkington North America

Julie Bartos PNC Financial Services Group, Inc.

Christen Bovienzo PNC Financial Services Group, Inc.

Dale Marrison PNC Financial Services Group, Inc.

Thomas Testa PNC Financial Services Group, Inc.

Cheeryl Tragard PNC Financial Services Group, Inc.

Kevin S. Berry, CPA PricewaterhouseCoopers LLP

Kevin Chan, BCL, LL.M. Raymond Chabot Grant Thornton LLP

Jay Kanter Realty Tax ConsultantsM. Khurram Jabbar Robert Bosch LLCMatthew W. Arnold RSM US LLP

Name Company Name Company


New MembersName Company Name Company

William Scott Admire Ryan, LLCNeil S. Fry Ryan, LLC

Sterling Atkins Ryan, LLCMary E. Leaf Ryan, LLCTeri Jackson Ryan, LLC

Christine Decker Seagate TechnologySewalini Kasera Seagate TechnologySunghee Park Seagate TechnologyVivian Vanness Seagate TechnologyKathy Weaver Seagate Technology

Ravikumar Mediboyina Seagate TechnologyJedediah R. Bdger Sierra Nevada Corporation

Gladys Urbano Stallion Oilfield ServicesSam Roberts Starbucks Corporation

Travis Sheldrake Starbucks CorporationEdward Albrecht Stericycle, Inc.

Nicholas Heidtbrink Stericycle, Inc.Josephine Legaspi Stericycle, Inc.

Linh Rescek Stericycle, Inc.Diane Steinberg Stericycle, Inc.

Simon Kong Sysco CorporationAilsa Parsons Sysco Corporation

Paul Lash TextronRobert Marshek The Gagnon Group, LLC

John Placca The Linde GroupMargaret Heveron Riter Think LLP

Erik J. Ontiveros TransCanada Pipelines LimitedMario Oropeza TransCanada Pipelines Limited

Stephanie Barr Uline Inc.David Dougherty Uline Inc.

Dave Heiliger Uline Inc.Cherie Julius Uline Inc.

Christina Poland Uline Inc.Erin Reilly Uline Inc.

Judith Marietta United Rentals, Inc.Betsy Pliakas United Rentals, Inc.

Monica Roxanne Baird USAAJillian Henry USG Corporation

David Samuel Keller Valent U.S.A. LLCSabrina Calloway Valero Energy Corporation

Henry Pardo Valero Energy CorporationMike Connell Ventas, Inc.Erik Grantz Ventas, Inc.

Hillary Niehaus Ventas, Inc.Kim Stearman Ventas, Inc.

Beverly Rowland Walmart, Inc.Galina Dementyeva Wheels, Inc.

Jeremy Giblin Wheels, Inc.Barbara Larsen Wheels, Inc.Levi McMahon Wheels, Inc.Monika Micko Wheels, Inc.Peggy Nuccio Wheels, Inc.

Cheryl Ann Rissmann Wheels, Inc.Elizabeth Trampka Wheels, Inc.

Pending New Consultant MembersBarry A. Diskin - Diskin Property ResearchRosemary Anderson - Thorsteinssons LLP


1JUST MORE M

embers who refer at least one new member to IPT will be entered into a prize drawing at IPT’s Annual Business Meeting. Each time you refer a new member to IPT, your name will be placed in the drawing. In order to receive recognition and

the opportunity to participate in the drawing, please make sure the person(s) you refer includes your name on his or her application. As we grow our membership, IPT can bring you better benefits, such as greater educational opportunities. Please participate in the Just One More Campaign and help in the continued growth of IPT. Individuals who referred one or more new members during the previous month are listed below.

Julie K. BagniewskiDaniel M. CareyKimberly Cheek, CPAGilbert D. Davila, CMI, Esq.James L. Francis, Jr.Angela GermanTerry Lynn GriffithMark Hastings

Corinne M. Krikstan, CMIAllen A. Lefkovitz, CMIGary S. Lindsey, CMISoline Nicole LochSteven R. Loveless, CMIKenneth R. Marsh, CMIAnna O'HaraJohn E. Schmidt, CPA

Carolyn M. Shantz, CMI, CPALouis L. Stabile, Jr.Erin StacheD. Denise ThomasTommy L. Twomey, II, CMITerence E. Valencic, Jr.Catherine R. Wood, CMI


Candidate ConneCtion

CMi &

CCiP

Question of the Month:Question:What is the CMI / CCIP Candidate Application Process?

Answer: 1. Submit Application.2. Application is reviewed by IPT Staff & CMI Committee.3. Applicant notified of candidacy.

– Includes information on accessing study material online.

4. Applicant notified of eligibility. – Met requirements: eligible to sit at next exam.– Lacking requirements: ineligible to sit without

further verification of requirements.

5. Eligible candidates will receive an email 6 – 8 weeks prior to each exam with the exam details. Candidates are asked to respond to the email to indicate if they will sit at that particular exam.

6. Examinees are notified of the exam results in writing.– New CMIs will receive a lapel pin and certificate via

mail within 3 weeks of the exam.

Please Note: *Applicants have six consecutive testing opportunities from the date of application (not eligibility) to meet the requirements in effect for certification.

*Applicants must notify the IPT office in writing to update their application as requirements are met.

Please review the CMI State Income Tax Candidate Orientation Slideshow, CMI Property Tax Candidate Orientation Slideshow, CMI Sales Tax Candidate Orientation Slideshow, or Certified Credits and Incentives Candidate Orientation Slideshow for a complete overview of the application process.

Attention CMIs & CCIPs: The Annual Conference in Vancouver, BC is Just Around the Corner!

The Annual Conference is particularly important for Certified Members of the Institute and Certified Credits & Incentives Professionals. It provides experienced tax professionals, like you, with valuable continuing education and updates on advanced topics and current issues. Approximately seventeen (17) continuing education hours (including 1.5 IPT ethics credit hours) are available for full attendance Monday through Wednesday, June 25th – 27th.

If you are a CMI or CCIP: All Certified Members are required to attend at least twelve hours at one IPT Annual Conference, discipline-specific Symposium, School or Academy or IPT/ABA Advanced Tax Seminar within each five-year term. Please encourage other experienced state income, property and sales tax professionals to achieve the CMI or CCIP designation. The continued growth of IPT’s professional designations benefits you as a fellow CMI/CCIP, your profession, and IPT as the premier association of business tax professionals.

If you have questions about the CMI or CCIP Professional Designation that are not answered on our website, please contact Emily Archer at [email protected].

CMi CornerCERTIFIED MEMBER

CMI • INST

ITUTE

FO

R PROFESSIONALS IN TAXATION® •

Upcoming CMI & CCIP Exam Application Deadlines• The deadline for submitting applications for the September 2018 Sales Tax Exam is June 29, 2018.• The deadline for submitting applications for the November 2018 CCIP Exam is August 6, 2018.• The deadline for submitting applications for the November 2018 Property Tax Exam is August 3, 2018.• The deadline for submitting applications for the January 2019 Income Tax Exam is October 12, 2018.


https://www.ipt.org/iptdocs/Files/ProfessionalDesignations/CMIIOrientation313.pdf

https://www.ipt.org/iptdocs/Files/ProfessionalDesignations/CMIIOrientation313.pdf

https://www.ipt.org/iptdocs/Files/ProfessionalDesignations/CMIPOrientation313.pdf

https://www.ipt.org/iptdocs/Files/ProfessionalDesignations/CMIPOrientation313.pdf

http://www.ipt.org/iptdocs/Files/Membership/CMI%20Orientation/CMI-S%20Orientation%204.18.pdf

https://www.ipt.org/iptdocs/Files/MiscForms/CCIPOrientationSlideshow.pdf

https://www.ipt.org/iptdocs/Files/MiscForms/CCIPOrientationSlideshow.pdf

http://www.ipt.org/iptdocs/Files/Membership/CMI%20Orientation/CMI-S%20Orientation%204.18.pdf


This year’s program was held at the Georgia Tech Hotel and Conference Center in Atlanta, GA, April 22 - 27, 2018. In addition to the 157 tax professionals who attended the school, a total of twenty instructors contributed their time to the school. IPT wishes to express its thanks to them as well as the school Chair Kathleen M. Holston, CMI, CPA; and Vice Chair Diane J. Matulich, CMI, CPA, for making this year’s program a success. Here is the school’s faculty, along with a few highlights from the school as well as a listing of school sponsors, whose support is also greatly appreciated.

Students collaborate during the breakout session.

Attendees take notes during the CMI review session.

Testing is underway.Attendees enjoy a hearty lunch between sessions.

Faculty and Committee members break for a group photo.

Opening Session: 157 individuals were in attendance at the opening general session on, “Constitutional Issues.”

The School Chair, Kathleen M. Holston, CMI, CPA, is photographed with IPT Executive Director, Chris Muntifering, CMI.

2018 Sales Tax School II

Jack T. Bone, CMI and Kathleen A. Foster, CMI cover the CMI review with students.

Joseph A. Vinatieri, Esq.; and IPT President Robert S. Goldman, CMI, Esq.; give a thumbs up before covering the opening program session.


Diane J. Matulich, CMI, CPA (Vice Chair)

Advanced Micro Devices, Inc.Sunnyvale, CA

Jeffrey M. Rhines, CPACBIZ MHM, LLC

Plymouth Meeting, PA

William J. McConnell, CMI, CPA, Esq.CenturyLink

Broomfield, CO

2018 Sales Tax School II Instructors

Scott AdamsAT&T

San Antonio, TX

Jack T. Bone, CMIMagnolia, TX

Andre B. Burvant, Esq., CPAJones Walker LLPNew Orleans, LA

Gwendolyn S. Evans, CMIRyanWest, LLC

Dallas, TX

Kathleen A. Foster, CMIDimension Data North America, Inc.

Charlotte, NC

Robert S. Goldman, CMI, Esq.Dean, Mead & Dunbar

Tallahassee, FL

Kenneth W. Helms, CMIIndirect Tax Solutions

Canton, GA

Kathleen M. Holston, CMI, CPA (Chair) Cherry Bekaert LLP

Charlotte, NC

Randy Holloway, CMI Grant Thornton LLP

Atlanta, GA

John J. Huk, CPAThompson Tax & Associates LLC

San Jose, CA

Timmy Hulin, CMI Didier Consultants, Inc.

Zachary, LA

Rick L. Johnson, CMIBelk Stores Services, Inc.

Charlotte, NC

Michael P. Kenny, CMIKPMG LLP

New York, NY


IPT Would Like to Thank the2018 Sales Tax School II Sponsors

ERNST & YOUNG LLP

MARVIN F. POER AND COMPANY

RYAN LAW FIRM, LLP

2018 Sales Tax School II Instructors (continued)

Joseph A. Vinatieri, Esq.Bewley, Lassleben & Miller, LLP

Whittier, CA

Laurie J. Wik, CMIAlvarez & Marsal Taxand, LLC

San Francisco, CA

David R. Simms, CMIDunbar Armored, Inc.

Hunt Valley, MD

Carolyn M. Shantz, CMI, CPAMerit Advisors, LLC

Katy, TX

ipt insider · 3 may 2018 . ipt insider. credits & incentives issues. general sessions will...

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