Matt Hedstrom and Michael Giovannini spoke at this event hosted by the Council On State Taxation (COST).
Matt Hedstrom was a speaker for the session titled “Economic Nexus – Say it Ain’t So – That’s Just for the Income Tax Folks?” Although it was a case that dealt with whether the federal courts had jurisdiction in Colorado’s DMA case, U.S. Supreme Court Justice Kennedy got the attention of the state sales tax world with his concurring opinion in that case. What’s the impact of him of challenging the current constitutional constraints imposed by the Court in its 1992 Quill decision? We know that almost immediately after his statement, in January, 2016, state legislatures began targeting Quill’s physical presence requirement. This session will cover strategies, including the Due Process Clause, to contend with the states seeking to use economic nexus in the transactional world.
Michael Giovannini was a speaker for the session titled “Unclaimed Property Update.” This session will focus on recent significant developments in the unclaimed property arena, including the use of estimation in unclaimed property audits, state attempts to use unclaimed property laws to expand the nature of the obligation that is owed to the creditor, the escheatment of foreign‐owned property, and whether federal common law is applicable only to disputes between states. The panelists will also discuss recent legislation, including the Revised Uniform Unclaimed Property Act and the ABA Model Unclaimed Property Act.
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