(CHARLOTTE, N.C.) — Kay Hobart and Ray Stevens, partners with Parker Poe’s State and Local Tax (SALT) practice, will author a quarterly column called SALT Solutions for State Tax Notes and State Tax Today, published by Tax Analysts.
In their inaugural article, Through the Looking Glass: ‘Tax Reform’ in the Tar Heel State, the first of a two part series, they review the tax measures enacted by the North Carolina General Assembly in 2013 and discuss some of the broader proposals which were considered but not enacted. To read the first part in its entirety, click here.
The second part of the series, Tax Reform in the Tar Heel State: Which Way From Here?, highlights the omnibus tax bill enacted in the recent short session and predicts what to expect in future legislative sessions. To read the second part in its entirety, click here.
Their most recent article, Does Maryland Have Another Kraft Problem?, focuses on a particular problem for corporations 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. To read this article in its entirety, click here.
Future articles will focus on topics of interest to the state tax community. Their next article will discuss Michigan’s retroactive repeal of the Multistate Tax Compact and the potential ramifications.
Hobart and Stevens practice in all areas of state and local taxation, with an emphasis on tax controversies. Together they have over 50 years of experience in tax litigation, audit defense and appeals. Their practice is national in scope and they are both admitted to practice in the United States Supreme Court.
Ms. Hobart is a frequent speaker at national seminars on taxation including Georgetown University’s Law Center’s Advanced State and Local Tax Institute. She has been honored as the recipient of the Governor’s Award for Excellence and Outstanding State Government Service and served as North Carolina’s chief tax litigator as Special Deputy Attorney General.
Mr. Stevens is also a frequent speaker on SALT topics including Vanderbilt University’s Paul J. Hartman State and Local Tax Forum. He has served as a judge for the South Carolina Administrative Law Court, the director of the South Carolina Department of Revenue, and as South Carolina’s chief tax litigator as Chief Deputy Attorney General.
About Parker Poe
Parker Poe Adams & Bernstein LLP has more than 190 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.