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Bracewell’s tax lawyers work with public, closely held and family companies to analyze and minimize the impact of state and local taxes on their businesses. We regularly represent clients in state and local tax issues such as:

  • Corporate income and franchise taxes, including allocation and apportionment issues relating to multistate companies and unitary tax applications for affiliated groups
  • Sales and use taxes, including nexus issues
  • Energy and severance taxes
  • Property taxes
  • Environmental taxes
  • Excise taxes
  • Unclaimed property.

We help clients create the appropriate business structure, including limited partnerships and limited liability companies, to minimize state franchise and corporate income tax exposure. We assist publicly traded companies in organizing subsidiaries as corporations in states offering appropriate tax advantages, such as Delaware and Nevada. We also help clients address the state and local tax implications of:

  • Tax-free reorganizations, spin-offs, purchase and sale of businesses and assets
  • Bankruptcy and non-bankruptcy restructurings
  • Like-kind exchanges
  • Leasing transactions
  • Joint ventures.