California Gov. Gavin Newsom recently signed Assembly Bill 91 into law, selectively conforming to provisions of the federal Tax Cuts and Jobs Act, a.k.a tax reform. As part of this response to tax reform, California left its static conformity date as Jan. 1, 2015, but the state identified specific sections to follow for California purposes. In some instances, an election can be made impacting the 2018 tax year.

Several members of KSM’s Construction Services Group recently attended the 2019 Construction Financial Management Association (CFMA) Annual Conference & Exhibition in Las Vegas. The conference provided a great opportunity to network with construction professionals from around the country to discuss current trends and best practices related to a wide variety of topics in the industry.

Katz, Sapper & Miller’s Construction Services Group will host a Viewpoint Construction Software® Local User Group Meeting Oct. 3 in Indianapolis.

Katz, Sapper & Miller’s Lisa Curry and Brad Reay will present at the 2019 Healthcare Financial Management Association Tri-State Conference. Taking place on Sept. 12 in Florence, IN, the conference will equip healthcare financial managers with the tools they need to sharpen their skills, expand their horizons for the future, and successfully lead their teams.

KSM’s Construction Services Group will host a Construction Industry Update Aug. 15 in Indianapolis and Fort Wayne, IN.

Katz, Sapper & Miller’s Jason Miller and Troy Hogan, members of the firm’s Transportation Services Group, will present at the upcoming McLeod Software 2019 User Conference. Taking place Aug. 25-27 at the Gaylord Rockies Resort and Convention Center in Denver, CO, the event brings together more than 1,000 transportation professionals for education and networking opportunities.

Katz, Sapper & Miller’s Terry O’Neil and Beth Scott will present at the Georgia Veterinary Medical Association’s (GVMA) Practice Owners Conference. Taking place on Aug. 23-25 at Great Wolf Lodge in LaGrange, GA, the event will cover key areas of practice operations, including human resources, financial management, and practice optimization.

The economic divide in large cities continues to expand. Despite a financial resurgence following the 2007-2009 recession, the system wasn’t fixing itself. Enter Qualified Opportunity Zones (QOZ), a program included in the Tax Cuts and Jobs Act of 2017 designed to boost development in economically distressed communities. In exchange for new investments in these communities, investors receive preferential tax treatment.

Oregon Gov. Kate Brown recently signed H.B. 3427 into law, imposing a new gross receipts tax effective for tax years beginning on or after Jan. 1, 2020. This new Corporate Activity Tax (CAT) is imposed on any “person” with commercial activity occurring in the state, is in addition to all other Oregon taxes, and is not limited by the protections against imposition of state net income taxes by federal law (P.L. 86-272).

KSM’s Dan Rosio, partner in the firm’s Valuation Services Group, and Andy Manchir, director in the firm’s Valuation and ESOP Services Groups, will present “ESOP: Legacy, Empowerment and Succession Planning" alongside Brian Henning and Alan O’Rear, senior vice presidents with Old National Bank, and Alex Mounts, partner with Krieg DeVault, at the Developing the Disruptor’s Mindset conference hosted by Butler University’s Old National Bank Center for Closely Held Business. The event, taking place Aug. 7 in Indianapolis, will feature keynote and breakout sessions designed around the needs of closely held business leaders.