The state and local tax (SALT) team at Hunton is adept at guiding companies through ever-changing and increasingly complex state and local tax systems. We offer innovative comprehensive advice across a broad range of state and local tax issues for diverse clientele nationwide, with particular experience in New York, Virginia, Texas, and California. Our cross-practice integration and broad geographic focus enable us to provide clients with relevant and current guidance at every stage of state or local tax issues, ranging from strategic tax planning to dispute resolution with state and local tax authorities.

Our team boasts significant experience advising the amusement industry on state and local taxation, helping these clients navigate through the intricacies of varying state and local tax laws. We assist in tax planning, audit defense, and tax litigation.

In Virginia, we provide guidance on the various tax incentives provided by the Virginia Economic Development Partnership (VEDP) in conjunction with our global economic development, commerce, and government relations practice group. Our experience extends to VEDP’s Data Center Retail Sales & Use Tax Exemption, as well as advice on specific Virginia taxes, such as casino gaming and pari-mutuel wagering taxes.

We also counsel clients on the state and local tax implications of aircraft acquisitions and sales. Aircraft transactions frequently implicate the sales and use tax laws of multiple states, and our team has significant experience structuring these transactions to qualify for applicable tax exemptions, minimize multistate tax exposure, and achieve favorable tax treatment at closing.

Our team further has extensive experience advising financial institutions on the complexities of multistate unclaimed property and escheat compliance. We successfully counsel clients on navigating the various dormancy periods, due diligence requirements, and reporting obligations across different states for a broad range of financial property types, including deposit accounts, retirement accounts, and securities. We also work closely with business units at large financial institutions to develop internal compliance practices to identify and report unclaimed property at an operational level.

Our experience spans a wide range of state and local tax issues, with a particular focus on:

• Real Estate Transfer Tax
• Sales and Use Taxes and Exemptions
• Corporate Income Tax
• Personal Income Tax
• Payroll Taxes, including Employer Withholding Requirements
• Unclaimed Property and Escheat Laws
• State and Local Tax Incentives