Tag Archives: Jay Adams

Louisiana Governor Has Now Signed Law Removing 20-Year Carryover Limitation on Net Operating Loss (NOL) Deduction for Corporate Income Tax Purposes

By Matt Mantle and Jay Adams on Posted in Legislation, Tax News
Louisiana’s Governor, John Bel Edwards, has now signed into law SB 36 (enacted as Act 459), which eliminates the prior 20-year carryover period limitation imposed on the available deduction for net operating losses (NOLs) for Louisiana corporate income tax purposes. Act 459 amends La. R.S. 47:287.86(B) to provide that all NOL deductions claimed on any … Continue Reading

Louisiana Due Process is No Longer in “Jeopardy!”: Louisiana Supreme Court Denies LDR Writ Application in Due Process/Personal Jurisdiction Case

By Matt Mantle on Posted in Judicial Decisions, Tax News, Tax Procedure
On January 20, 2021, the Louisiana Supreme Court denied the Louisiana Department of Revenue’s writ application in the closely-followed Louisiana due process / personal jurisdiction case of Robinson v. Jeopardy Productions, Inc., 2020-C-01343 (La. 1/20/21).  This case is now final. A copy of the Louisiana Supreme Court’s writ denial ruling can be found here. The … Continue Reading

Louisiana Governor Provides Draft of 2018 Tax & Budget Priorities to Address Looming Fiscal Cliff and Long-Term Tax Reform

By Matt Mantle and Jay Adams on Posted in Legislation, Tax News
Louisiana Governor John Bel Edwards (D) recently met with leaders from the Louisiana Legislature to discuss his draft 2018 Tax & Budget Priorities, including recommendations for how the State should address the long-term issue of its current taxing and spending structure, as well as the short-term issue of the $1 billion “fiscal cliff” looming in … Continue Reading

Q&A with Kimberly Robinson, Secretary of the Louisiana Department of Revenue

By Jones Walker LLP on Posted in Jones Walker Announcements, Legislation, Tax News
Secretary of the Louisiana Department of Revenue and former Jones Walker LLP State & Local Tax Partner, Kimberly Robinson, sat down with our own Bill Backstrom and Jay Adams to discuss a few of the items that she will discuss at the Jones Walker SALT Team’s annual seminar in Houston, Texas on Thursday, October 6, 2016. … Continue Reading

Jones Walker SALT Team Members to Present at 22nd Annual Paul J. Hartman State and Local Tax Forum

By Jones Walker LLP on Posted in Jones Walker Announcements
Jones Walker SALT Team members Jay Adams, Bill Backstrom, and Katie Friel will present at the 22nd Annual Paul J. Hartman State & Local Tax Forum October 27-29, 2015 in Nashville, TN. Jay Adams will co-present “What the “L”, Local Taxes.” Locally imposed and/or state taxes administered by decentralized local governments cause numerous tax issues … Continue Reading

Four SALT Attorneys Quoted in Bloomberg BNA

By Jones Walker LLP on Posted in Jones Walker Announcements
State & Local Tax Partners, Jesse R. “Jay” Adams, III, William M. Backstrom,Jr., John F. Fletcher, and Kimberly Lewis Robinson, were all quoted in the recent Bloomberg BNA article, “Corporate Taxpayers Face Changes in Louisiana, Mississippi, Attorneys Say.” The partners discuss how legislative sessions in 2014 and 2015 and some notable cases have brought significant changes … Continue Reading

First Circuit Declines Second Bite at Utelcom Apple

By Jay Adams and Bill Backstrom on Posted in Judicial Decisions
On Friday, the Louisiana First Circuit Court of Appeal issued its highly-anticipated opinion in Cynthia Bridges, Secretary, Department of Revenue v. Polychim USA, Inc.  In Polychim, the First Circuit considered whether the district court properly granted summary judgment in favor of the Louisiana Department of Revenue  (the “Department”) in its holding that Polychim was subject … Continue Reading

Bill Backstrom and Jay Adams Quoted in Law360 Article Entitled “Attorneys React To Supreme Court ‘Amazon Tax’ Ruling”

By Matt Mantle on Posted in Jones Walker Announcements, Tax News
Bill Backstrom and Jay Adams were quoted in yesterday’s Law360 article entitled Attorneys React To Supreme Court ‘Amazon Tax’ Ruling.  In the article, Bill, head of Jones Walker’s Tax & Estates Practice Group and a partner in the firm’s New Orleans office, and Jay, a senior partner in Jones Walker’s New Orleans office, shared their thoughts … Continue Reading

Jay Adams Discusses New “Local” Louisiana Board of Tax Appeals and Possible Procedural Traps

By Jay Adams and Matt Mantle on Posted in Legislation, Tax Procedure
In the above video, Jones Walker SALT partner Jay Adams explains a few highlights from recent Louisiana legislation regarding the new “local” Board of Tax Appeals (BTA) available to taxpayers for matters involving local sales/use tax assessments and refund claims, as well as possible new traps for taxpayers relating to appeals of local sales/use tax refund … Continue Reading

Backstrom and Adams Author Article for Oil & Gas Financial Journal

By Jones Walker LLP on Posted in Jones Walker Announcements
Bill Backstrom and Jay Adams, both partners in the firm’s Tax & Estates Practice Group in the New Orleans office, published an article in the Oil & Gas Financial Journal. In their article titled, “Energy Companies at Risk of Higher Taxes in Louisiana,” Bill and Jay explain that tax assessors in a number of Louisiana parishes are … Continue Reading

Jones Walker SALT Partners Discuss Louisiana Tax Issues for Energy Companies in the Houston Business Journal

By Jones Walker LLP on Posted in Jones Walker Announcements
Bill Backstrom and Jay Adams were quoted in an article published by the Houston Business Journal on June 11, 2014. The article titled, “Houston Energy Companies Could Be Hurt by Louisiana Taxes,” discusses how Houston energy companies are paying closer attention to Louisiana’s tax assessors’ plans to tax underground gas storage facilities in salt domes … Continue Reading
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