State and Local Thinking – February 2018

SALT Alerts State and local Thinking

SALT library
Want to know more? Visit our library to read the latest alerts, articles and surveys on the issues that affect your business.
Find more

Thought leadership from our State and Local Tax professionals Feb. 6: Jamie Yesnowitz, Principal, SALT -- National Tax Office Leader, was quoted in Bloomberg BNA’s Daily Tax Report article “Tax law may be ‘GILTI’ of complicating state foreign income taxes” written by Che Odom. Jamie discusses how companies may claim that a newly created class of income, global intangible low-taxed income, or GILTI, could be used to claim an exclusion in some states.

Feb. 21: Chris Martin, Senior Manager, SALT, and Sarah Durst, Senior Associate, SALT, both of Grant Thornton’s Minneapolis office, co-authored an article titled, “How sweeping federal tax reform may create benefits (and headaches) for Minnesota businesses” for the January-February issue of Fiscal Focus, a publication of the Minnesota Center of Fiscal Excellence. The article described ways the Minnesota state legislature should respond to the changes wrought by the Tax Cuts and Jobs Act.

Feb. 21: David Glad, Director, SALT – Philadelphia, and Guinevere Seaward Shore, Manager, SALT – DC Metro, co-authored an article titled, “Unclaimed property laws of securities and IRAs: How states are claiming your investments” for Bloomberg BNA’s Daily Tax Report. The article discusses subjects ranging from state unclaimed property laws to a trend among states to shorten the period for a sale of dormant securities once they are reported dormant.

Feb. 22: Jamie Yesnowitz, Principal, SALT -- National Tax Office Leader, was quoted in Bloomberg BNA’s Daily Tax Report article “Federal tax law not swaying state tax trends: Tax attorney” written by Jennifer McLoughlin. Jamie discusses that the new federal tax reform legislation could lead states to consider gross receipts taxes.

Feb. 23: Joel Waterfield, Tax Leader, Blockchain Technology Services Group, was quoted in Bloomberg BNA’s Daily Tax Report article “Wyoming Senate OKs cryptocurrency tax exemption” written by Tripp Baltz. Joel talks about proposed Wyoming legislation that would exempt cryptocurrency from property taxes.

Tax professionals Meet Kevin Herzberg, a State and Local Tax Partner in the Dallas office.

Kevin Herzberg is a state and local tax partner in Grant Thornton's Dallas office. Kevin is the Central Region SALT Practice leader. He has more than 29 years of broad-based state tax experience, specializing in mergers and acquisitions, ruling requests, tax compliance, Sarbanes-Oxley Section 404 reviewing and ASC 740 accounting.

Kevin has served many clients at all levels, from Fortune 500 companies to middle-market firms. He has strong experience with companies in the manufacturing, distribution, retail, transportation, hospitality and healthcare industries. Kevin previously was the Florida SALT Practice Leader for Grant Thornton, and before that, had worked many years in both regional and large accounting firms.

Kevin is a committee member of the FICPA State Tax Section and has served on the boards of United Way Tampa Bay and the ACG Tampa Bay. Kevin earned a bachelor’s degree in accounting from Northern Illinois University and a master of business administration degree from the University of South Florida.

Mark Arrigo
SALT National Managing Partner
T +1 678 515 2320

Jamie Yesnowitz
SALT National Tax Office Principal
T +1 202 521 1504

Sign up today for State and Local Thinking, our monthly electronic newsletter covering the latest tax regulatory and legal news, related webcasts and events, and important tax alerts. Go to and select State and Local Thinking.

Tax professional standards statement
This content supports Grant Thornton LLP’s marketing of professional services and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the topics presented herein, we encourage you to contact us or an independent tax professional to discuss their potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this content may be considered to contain written tax advice, any written advice contained in, forwarded with or attached to this content is not intended by Grant Thornton LLP to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.