2016 Tax Conference

November 9, 2016

2016 Tax Conf Artwork600
Presented by:
Martin_Marietta_500

Co-Sponsor:

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The North Carolina Chamber’s 8th annual Tax Conference will provide up-to-date information on federal and state tax legislation, as well as high-level discussion on national trends, revenue forecasts and more.

Find out answers to questions like:
 > How will changes in state and federal tax laws affect my business?
 > What tax changes are pending in Raleigh and Washington?
 > What tax changes are needed in North Carolina to keep and create jobs and grow our state’s economy?

Get engaged: #NCTax

REGISTRATION CLOSED

Details

What: Tax Conference
When: Wednesday, November 9, 2016 | 7:30 a.m. – 2:15 p.m.
Where: Embassy Suites by Hilton Raleigh Durham Research Triangle | 201 Harrison Oaks Blvd, Cary, NC 27513 (Special room rate of $159 expires at 5:00 pm on October 9 | Call 1-800-EMBASSY to book)

Registration & Sponsorships

Ticket prices:
Early bird pricing ends 10/12 | Regular pricing ends 11/3 | Late registration ends 11/7

Cornerstone Member: Early Bird $150 | Regular$ 175 | Late $200
Member: Early Bird $175 | Regular $200 | Late $225
Non-Member: Early Bird $275 | Regular $ 300 | Late $325

Bringing 5 or more attendees?
If you plan on bringing a group of people you can save with special group pricing through October 12. Price per attendee discounts to:
$120 Cornerstone Members | $145 Members | $245 Non-Members

For group pricing of 5 attendees or more, contact Carol Mills or call 919-836-1409.

REGISTRATION CLOSED

Draft agenda

7:30 – 8:30 a.m.
Registration

8:30 a.m.
Welcoming Remarks
Lew Ebert, President & CEO of the North Carolina Chamber

8:45 a.m.
The Whirlwind of Tax Law Changes in NC
Cindy Avrette, NC General Assembly

Cindy has worked on a number of significant legislative initiatives including changes to corporate income tax as well as pass through entities. In this fast-paced session, Cindy will highlight some of the important tax changes from the 2016 General Assembly.

9:15 a.m.
Tax Levers Keep Moving: Their Impact on NC’s Revenue Forecast 
Dr. Barry Boardman, Chief Economist for the Fiscal Research Division at the NC General Assembly

For the past few years, the North Carolina legislature has lowered rates, expanded the base, and let exemptions sunset.  What impact are these changes having on North Carolina’s general fund revenues?  Hear first-hand from our state’s leading economist, Dr. Barry Boardman.

9:45 a.m.
Ten Changes to North Carolina’s Tax Laws You Need to Know, Part I
Lennie Collins, NC Department of Revenue

Whether you are a corporation or a supplier or customer to a corporation, recent changes to North Carolina’s tax laws may have an impact to you.
• Single Sales Factor – a three year phase-in beginning in 2016
• Franchise Tax Changes including apportionment and move from capital stock base to net worth
• NC-3 and 1099 electronic reporting requirement
• Interest expense limitation on affiliates
• Market-based sourcing

10:15 a.m.
Break

10:35 a.m.
Ten Changes to North Carolina’s Tax Laws You Need to Know, Part II
Eric Wayne, Sales and Use Tax Director, NC Department of Revenue

• Repairs, maintenance and installation (what is and isn’t taxed and how do you find out)
• Motor vehicle services and service contracts
• Repeal of the exemption for installation of labor
• Mill machinery tax

11:05 a.m.
Ten Tips for Managing North Carolina Property Taxes
Charles H. Mercer, Jr., Nelson Mullins Riley & Scarborough LLP, Raleigh
Reed J. Hollander, Nelson Mullins Riley & Scarborough LLP, Raleigh

Property tax is one of the least understood taxes paid by businesses. In this informative session, you will hear from experts on recent North Carolina case law and legislative changes that may impact your property tax. You will also learn how to work with county tax offices, the role of the NC Department of Revenue and the NC Property Tax Commission, and best practices and procedures for managing North Carolina property taxes.

11:35 a.m.
Seeing the Forest and the Trees: 2016 State Tax Policy Trends and 2017 Expectations
Liz Malm, MultiState Associates

In this session, you’ll get a good sense of what’s happened around the country in the tax policy world during 2016 legislative sessions, including the good, the bad, and the ugly. You’ll also gain perspective on where North Carolina fits in and its competitive position as it relates to tax and a sneak peak of what to expect in 2017.

12:15 p.m.
Lunch and Keynote

1:00 p.m.
North Carolina’s Competitive Position: Helping all Ships Rise
Ted Abernathy, Economic Leadership LLC
Chris Chung, Economic Development Partnership of NC
Senator Rick Gunn, NC Senate District 24, NC General Assembly
Gary Salamido, North Carolina Chamber (moderator)

A number of proposals considered in this year’s General Assembly could drastically improve North Carolina’s competitive position.  These include crowdfunding, programs to attract entrepreneurs, and a separate fund to incentivize business growth in North Carolina’s non-urban areas.  Hear from a legislator, the Chamber’s lead researcher on this initiative and North Carolina’s head of economic development on what was accomplished this year and what priorities remain for the future.

1:45 p.m.
Name and Shame is the new Game in Town – Are you Ready? 
Mary Burke Baker, K&L Gates LLP

If you don’t believe international tax policies affect America’s tax reform debate, and ultimately your company, we suggest you think again.   Anti-tax avoidance, anti-inversion, pro-transparency measures including a public registry of beneficial owners and assets are just some of the strategies under consideration by the European Union, the OECD, U.S. Treasury and the Congress.   In this action-packed session, you’ll learn about these strategies and more and the most effective ways you can influence these decisions. 

2:25 p.m.
Closing Remarks

Continuing Education Credit

The North Carolina Chamber is committed to providing high-quality, experience-based education programs to our attendees. The number of continuing education credits attendees earn are determined by the number and length of the sessions they attend, based on a 50-minute hour. Attendees who complete a sign-in form onsite will be provided with a certificate indicating the number of credit hours to be awarded.

RECOMMENDED CREDIT:

  • Pre-approved for 4.5 hours of CLE credit to satisfy the general requirement
  • 5.5 hours of CPE credit
  • 5.5 hours of general continuing education credit

FORMAT:
Live Group Study

PREPARATION/PREREQUISITE:
None

CONTENT/LEVEL OF KNOWLEDGE:
Update/Overview

Click here to view the North Carolina Chamber events and conferences administrative policies.

Silver Sponsors:

Duke Energy
Fidelity Investments

Bronze Sponsor:

Food Lion

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