Faegre Drinker Biddle & Reath LLP recently issued the following announcement.
Date: November 3, 2020
Reducing State and Local Tax Exposure in Times of Economic Uncertainty
When consumption drops, unemployment rises, and property devalues, the traditional sources of revenue for state and local governments decline. At the same time, in the aftermath of the pandemic, government’s need for revenue is the highest it has been in decades. As a result, governments will be more creative in findings sources of funds and the focus will be on corporate taxpayers. In this session we will discuss lessons learned during the last recession, explore novel approaches taken by governments and taxpayers affecting the tax burden, and develop strategies that construction and real estate market participants can use to reduce their exposure to state and local taxes.
Original source can be found here.