Related Practice Areas
State and Local Tax Matters
Dykman LLP has represented regulated gas, electric, water and telecommunication
utilities, large non-utility energy companies, gas and electric energy service
companies (ESCOs), electric generation companies, pipeline companies, and other
energy industry participants in connection with state and local sales and use
taxes, gross receipts taxes, transfer taxes, other taxes unique to the energy
industry, corporate income taxes, multi-state corporate taxation, commercial
rent taxes, and related matters. The firm provides a full array of state and
local tax assistance and advocacy, including tax planning, proposed transaction
evaluation, securing advisory opinions, representation during state and local
tax audits, negotiation with state and local tax authorities, tax litigation
before state and local administrative agencies and state, trial and appellate
courts, advice concerning tax policy and legislation, and general state and
local tax advice.
In recent years, the firm has represented several energy clients in successfully challenging a series of related gross receipts tax audits involving NY City tax claims in excess of $50 million. Through litigation, and in some instances settlement negotiations, the firm succeeded in obtaining results that no taxes were due or owing. Similarly, the firm has assisted several clients in audits and transaction planning to materially reduce or eliminate exposure to claimed state or local taxes and potential tax claims affecting their ongoing or anticipated business activities.