Impact of OBBBA on SALT: Handling Multistate Tax Issues
Rolling, Fixed, and Selective Conformity; Analyzing Multistate Tax Obligations
Course Details
- smart_display Format
Live Online with Live Q&A
- signal_cellular_alt Difficulty Level
Intermediate
- work Practice Area
Corporate Tax
- event Date
Wednesday, November 5, 2025
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
110 minutes
-
BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
This webinar will review state responses to the One Big Beautiful Bill Act (OBBBA) and its impact on state tax liability for businesses and individuals. Our panel of veteran multistate practitioners will discuss key provisions that affect state tax and provide insights to manage state income tax issues arising from the new Act.
Mr. Hawkins is a Director in Baker Tilly's State & Local Tax Practice, with a focus on income and franchise taxes. He advises clients on matters relating to nexus and the application of P.L. 86-272, conducting multi-state exposure analysis, and assisting clients though state voluntary disclosure programs.
Mr. Rendziperis provides state and local tax advice to companies in the financial services, private equity, real estate, technology, manufacturing, oil and gas, and service sectors. He has more than 15 years of experience advising clients on controversy, litigation, planning, implementation and compliance issues related to income and franchise tax, sales and use tax, excise and property taxes, unclaimed property, and tax incentives and credits.
The OBBBA transformed federal tax legislation, which compels states to modify or adopt corresponding legislation. States incorporate federal guidelines using one of three methods: rolling, fixed, or selective conformity. Rolling conformity states adopt federal changes when passed, while fixed conformity states may follow the new legislation as of a specific date. Selective conformity states consider the federal provisions individually.
The restoration of 168(k) 100% bonus depreciation and the carryback allowances for R&E expenditures could prove costly. Fixed conformity states may decide to decouple from certain federal provisions. Timing is key. States may not finalize guidance in a timely manner, and the legislation passed could be retroactive. Analyzing taxpayers' multistate tax obligations and responding effectively will be problematic for SALT practitioners.
Listen as our panel of proficient state and local tax professionals analyzes the new provisions under OBBBA and offers insights to handle multistate compliance for SALT advisers.
I. OBBBA's impact on state tax
II. Conformity methods
A. Rolling
B. Fixed
C. Selective
III. IRC Section 951A GILTI/Section 250 FDII
IV. IRC Section 168(k) Bonus Depreciation
V. IRC Section 174 & 174A R&E Expenditures
VI. IRC Section 163(j) Business Interest Expense
VII. SALT Deduction Cap
VIII. Pass-through Entity Tax
The panel will cover these and other critical issues:
- State conformity methods: rolling, fixed, and selective
- Key provisions impacting state tax
- Preparing for late and retroactive state legislation
- OBBBA modifications affecting state tax including IRC Sections 163(j), 168(k), and 174
Learning Objectives
After completing this course, you will be able to:
- Identify key OBBBA provisions impacting SALT
- Determine conformity methods employed in specific states
- Decide how rolling and fixed conformity methods differ
- Ascertain how best to prepare for retroactive state legislation
- Field of Study: Taxes
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite:
Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of SALT taxation, nexus and apportionment as it applies to multi-state businesses.
Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
