State and Local Taxation
Sidley’s state and local tax practice is unique in scope, handling transactional, planning, and controversy matters with respect to all 50 states. Our state tax lawyers have extensive experience with state income, gross receipts, franchise, premium, banking, sales and use, telecommunications, utility, and property taxes. Our lawyers routinely advise clients on the state and local tax issues in transactional matters, including doing diligence on the tax risks and opportunities and then negotiating and drafting the relevant tax provisions and tax sharing agreements. Our lawyers routinely advise clients on state and local tax planning matters, including entity selection, operational flow, and the tax consequences of acquisitions, reorganizations, and divestitures. Our lawyers have handled tax controversies in state courts and administrative proceedings throughout the country, as well as in the U.S. Supreme Court. The Sidley state and local tax practice also provides unclaimed property and escheat counseling and audit defense as a part of a cross-disciplinary Escheat Counseling and Litigation group that includes lawyers from our regulatory, securities, tax and litigation groups.