Agenda

Agenda:

Introduction – 2:00 to 2:10 pm ET
Pat Reynolds, COST
Fred Nicely, COST

  • General introduction

Illinois New Transactional Taxes – Robust Coverage of the New Tax Legislation and Resulting Litigation – 2:10 to 3:40 pm ET (90 min)
Comprehensive update on Illinois’ newly enacted taxes on social media, digital assets, predictive markets, and advertising services and the emerging controversies affecting multistate taxpayers with these taxes.
Marilyn Wethekam, COST– Moderator
Aziza Farooki, COST – Moderator   
Bryan Perrone, Crowe
Nikki Dobay, Greenberg Traurig
Breen Schiller, Greenberg Traurig

  • What Happened – Overview of the New Taxes
  • Diving Into the Details – Legislation and Litigation by Tax
    • Chicago Social Media Amusement Tax
    • IL Social Media Fee (aka “Tax”)
    • IL Advertising Services Tax
    • IL Gaming/Predictive Markets Tax
    • IL Digital Asset Tax
  • Q&A and What’s Going to Happen Next?

Break – 3:40 to 3:50 pm ET

Illinois Corporate Income Tax (CIT) Update – 3:50 to 4:30 pm ET (40 min)
Stay current on Illinois corporate income tax developments, including the evolving (and troubling) add-back rules, pending guidance, and other significant issues affecting multistate taxpayers.
Marilyn Wethekam, COST – Moderator
Elizabeth Van der Weide, Crowe
Breen Schiller, Greenberg Traurig

  • Add-Back Statute Update
    • Background on Law Change
    • Regulation Status
    • What are the Concerns
  • Other CIT and/or Franchise Tax Issues
  • Q&A

General Q&A and Closing Comments – 4:30 to 4:40 pm ET