Effects of Sales Tax On the Extended Warranty and Service Contract Industry


    • The application of sales and use taxes to manufacturers and to issuers, retailers, ‎administrators, and insurers of extended warranties and service contracts.
    • Varying state policies toward taxation of sales of extended warranties and service ‎contracts.
    • Varying state policies toward taxation of fulfillment of claims under extended warranties ‎and service contracts.
    • Discussion of circumstances under which sales of service contracts or fulfillment of ‎contract claims create “nexus” subjecting nonresident participants in the contract ‎process to taxation in contract holder’s state.

    Brian T. Casey is a Partner in the Atlanta office of Locke Lord. He is co-leader of Locke Lord’s ‎Regulatory and Transactional Insurance Practice Group, and a member of the Firm’s Corporate, ‎Capital Markets and Health Care Practice Groups, Mr. Casey focuses on corporate, merger & ‎acquisition, corporate and structured finance and other transactional and regulatory matters for ‎corporate clients in the insurance, financial services and health care industries. One significant ‎facet to Mr. Casey’s practice is a focus on insurance-linked securities and related insurance ‎capital markets transactions. His clients include insurance companies, insurance holding ‎companies, managing general agents and insurance agencies, third party and claims ‎administrators, banks and other financial institutions, investment banks and reinsurance ‎companies.‎

    Geoffrey Polma is a Partner in the Dallas office of Locke Lord. He concentrates on state and ‎local tax matters, with an integrated practice that includes all facets of state taxation. Mr. Polma ‎has represented taxpayers in a wide range of state income, franchise, sales and use, hotel ‎occupancy, severance, and ad valorem tax matters, focused on Texas but with a significant ‎multistate tax planning and compliance component. State tax controversy matters have always ‎been an important component of Mr. Polma’s practice, yielding numerous representations of ‎taxpayers in audits, administrative hearings, and judicial forums. Mr. Polma also frequently ‎advises clients on Texas and multistate tax minimization and compliance structuring for complex ‎business transactions, with transaction sizes ranging from a few million to multi-billions of ‎dollars. Mr. Polma has regularly developed and pursued state tax refund strategies for clients, ‎successfully generating many tens of millions of dollars in tax refunds. Similarly, Mr. Polma has ‎broad experience assisting clients in identifying and claiming state tax incentives, such as ‎property tax abatements and “Chapter 380” grants from Texas municipalities. ‎

    This program is pending approval for 1.0 hour MCLE credit. Please specify the state from which ‎you would like to receive credit when registering.‎

    Who Should Attend
    Issuers and administrators of extended warranties and service contracts and insurers that issue ‎contractual liability insurance policies which insure the performance risk under the service ‎contracts.‎

    Contact Lauren Smith at lasmith@lockelord.com with any webinar-related questions.‎

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