Bracewell provides multistate tax planning strategies to help clients manage multistate tax exposure and compliance obligations. The practice regularly advises on the SALT implications of corporate transactions, project development, operational structures and capital investments.
State tax planning can significantly affect the economics of large manufacturing, infrastructure and energy projects. Bracewell helps clients identify opportunities to reduce tax liabilities while maintaining compliance across multiple jurisdictions.
Bracewell advises clients on a range of state and local tax planning matters, including:
Nexus Planning
We advise clients on multistate nexus standards, conducting nexus studies, developing internal nexus policies and procedures, and analyzing add-back and deduction disallowance rules.
Sales and Use Tax Planning
We help clients minimize sales and use tax exposure in connection with construction and procurement contracts, mergers and acquisitions, financings, tax equity structures and general business operations. Bracewell coordinates with state tax departments to influence state rulemaking and administrative guidance that favorably applies outdated laws to cutting-edge e-commerce and digital technologies.
Multistate Income and Franchise Tax Planning
We advise multistate businesses on national strategies to manage state income and franchise tax obligations, including issues involving unitary combination, apportionment and allocation, such as water’s edge elections, market-based sourcing, throwback rules, and business versus non-business income
Property Tax Planning
We advise clients on property tax obligations for large industrial facilities and infrastructure assets. We help businesses claim and support favorable facility valuations, model future property tax rate, apply and qualify for various property tax exemptions, and comply with rollback taxes.
Real Estate Transfer Taxes
We advise clients nationwide on minimizing real estate transfer taxes associated with acquisitions, dispositions and reorganizations.
Motor Fuel Taxes
We counsel clients on complex multistate motor fuel excise tax issues, including matters involving the manufacturing, storage, distribution and sale of renewable fuels, LNG used as fuel and sustainable aviation fuel.
Private Letter Rulings
We assist clients in obtaining private letter rulings from state taxing authorities, providing clarity regarding the tax treatment of significant or novel transactions.
