- 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 firstname.lastname@example.org with any webinar-related questions.