— Kay Miller Hobart and Ray Stevens, partners in Parker Poe’s state and local tax practice, recently published an article in the fall edition of the Carolina Banker. The article focuses on the state tax challenges and opportunities financial institutions face. It highlights a particular problem for banks filing in Maryland, which limits the deduction for interest from federal obligations. Hobart and Stevens are currently challenging this policy in the Maryland Tax Court on behalf of a banking client.
Hobart and Stevens regularly assist banking clients and multistate businesses with a broad range of state taxation issues in a variety of states, including litigation, audit defense and appeals. Together they have over 50 years of experience in state tax controversies. Hobart and Stevens write a regular column for State Tax Notes and are both admitted to practice before the United States Supreme Court.
To read the article in its entirety, please click here
About Parker Poe
Parker Poe Adams & Bernstein LLP has more than 200 lawyers in five offices located in major markets across North Carolina and South Carolina. The Firm provides legal counsel to large commercial and public organizations on litigation, corporate and regulatory matters. For more information, please visit www.parkerpoe.com.