State and local tax (SALT) remains one of the most complex and dynamic areas of U.S. taxation. With 50 states creating and enforcing their own tax regimes, businesses face a constantly shifting landscape of income, sales, property, and specialty taxes. Layer onto that the impact of sweeping federal legislation like the recently passed One Big Beautiful Bill Act (OBBBA), and the challenges multiply and intertwine.
In the latest episode of the D.C. Dispatch podcast, David Sites, National Managing Principal in Grant Thornton’s Washington National Tax Office, is joined by Jamie Yesnowitz, Grant Thornton’s Principal in SALT Solutions in the Washington National Tax Office. Together, they explore how state tax regimes operate, why political power at the state level matters for tax policy, and how the OBBBA is creating new uncertainty for taxpayers across the country.
Their discussion highlights the sharp divide between conservative and progressive states, including recent moves to reduce or eliminate income and property taxes versus efforts to increase taxes on higher earners. They also examine how states are reacting to OBBBA provisions on bonus depreciation, research costs, and interest limitations, and what these shifts mean for multi-state compliance and tax planning.
For executives, tax leaders, and finance professionals, this conversation provides critical insights into how state responses could reshape the business environment. Staying agile and informed is essential. Listen now to hear David and Jamie break down the latest SALT trends and what they mean for your organization’s strategy.
PODCAST
State taxation trends: OBBBA, internet tax and other issues
Grant Thornton's David Sites and Jamie Yesnowitz discuss the One Big Beautiful Bill Act's effects on state and local tax law.
Listen to the podcast
39:35 | Transcript (PDF - 96KB)
Podcast highlights
00:06 Introductions
01:44 U.S. states’ political realities
06:21 State and local tax policy trends
12:10 How the OBBBA affects state tax laws
22:08 How businesses should plan their SALT compliance
26:08 What will states do to react to the OBBBA?
28:59 A tipping point with no taxes on tips?
30:15 Other developments – digital ad taxes
33:37 Other developments – alternative apportionment
36:31 Other developments – PL 86272
38:57 Last words
Contacts:
Partner, SALT Solutions – National Tax Office
Grant Thornton Advisors LLC
Jamie Yesnowitz, principal serving as the State and Local Tax (SALT) leader within Grant Thornton's Washington National Tax Office, is a national technical resource for Grant Thornton's SALT practice. He has 22 years of broad-based SALT consulting experience at the national and practice office levels in large public accounting firms.
National Managing Partner,
Washington National Tax Office and International Tax Solutions
Grant Thornton Advisors LLC
David leads the firm's International Tax practice, which focuses on global tax planning, cross border merger and acquisition structuring, and working with global organizations in a variety of other international tax areas.
Washington DC, Washington DC
Industries
- Manufacturing, Transportation & Distribution
- Technology, Media & Telecommunications
- Retail & Consumer Brands
Service Experience
- Tax Services
- International Tax
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