State and Local Tax

As state and local governments attempt to address complex budget challenges, they are increasing their focus on the business community as a source of revenue. While there is a clear understanding that long-term business growth will benefit government coffers, short-term measures often include the creation and implementation of innovative taxation schemes. Government tax departments are likewise expanding their efforts to enforce existing tax laws and collect outstanding tax liabilities.

The state and local tax attorneys of Troutman Sanders help national and multinational companies and individual clients ensure compliance with local and state tax rules, maximize tax savings allowable under law, and resolve disputes with tax authorities across the country.

We recognize that the development of effective tax strategies requires an in-depth understanding of the relevant jurisdictions, as well as the unique issues that apply in any particular industry.

We counsel clients on the full range of ongoing and strategic state and local tax issues, from income and sales/use taxes, to franchise, business license and other miscellaneous taxes. We conduct tax due diligence in conjunction with mergers, acquisitions and joint ventures, and with regard to divestitures, restructurings, workouts, and bankruptcies and sales of distressed assets.

For clients seeking to open, move or expand existing facilities and operations, we provide counsel on the potential state and local tax ramifications of these initiatives, and assist clients in identifying tax and business incentives and negotiating new opportunities with relevant authorities. We also work with in-house accounting, tax and legal departments to prepare and file state and local tax returns.

When disputes arise, our experienced litigators represent clients in federal and state courts, appellate courts and administrative tribunals, as well as in audits and hearings. We have significant experience working with clients and industry groups to identify emerging tax issues and represent their interests before legislative bodies and agency officials.