Experience

 

Chainbridge’s track record in both state tax modeling and transfer pricing is second to none. The team behind the Virginia based company have been implementing tax models across the country since the year 2000, from California to Minnesota to Alabama, among many others. At the same time, Chainbridge has been performing transfer pricing analysis for a number of states, giving state governments the auditing authority to recapture millions of dollars in revenue. Below, you’ll find a map of the United States, simply click on the pins, and learn more about what Chainbridge has done for these states.

Alabama

The Alabama system was developed beginning in late 2002 and ending in late 2003. The Alabama PolicyLinks system covers a number of state tax types including:

  • Business privilege tax
  • Individual income tax
  • Property tax
  • Sales and use taxes
  • Multitax incidence
  • Revenue to receipts conversion

Updates to the individual income tax and corporate income tax modules were completed in both 2005 and 2006. A new sales, excise and use tax module was delivered in 2007 and updated in 2008. e updated both the corporate and individual income tax modules in 2011, 2013 and 2015.

A new microsimulation property tax model was developed in 2015, constructed with parcel-by-parcel property tax records from each county in the State.

Chainbridge entered the transfer pricing audit market in the State of Alabama in 2003.  This marked Alabama as our first client for our two lines of  business: PolicyLinks and ComplianceLinks.

Connecticut

The Connecticut PolicyLinks system covers a number of state tax types including:

  • Corporation income tax
  • Insurance company tax
  • Petroleum tax
  • Individual income tax
  • Sales and use taxes
  • Property tax
  • Multitax incidence
  • Revenue to receipts conversion

The individual income, corporate and sales tax modules were delivered in June 2007 with system completion in 2008.  Individual income tax database updates were completed in 2012.

Maine

*New for 2016: We are currently working on a full implementation of the PolicyLinks system for the state of Maine. The system includes:

  • Individual income tax
  • Corporate income tax
  • Sales and excise tax
  • Property tax
  • Incidence analysis
  • Receipts conversion

Prior Years

2013 – 2014

We completed development and delivery of updated databases and tax model parameters for Maine’s multi-tax policy analysis system, covering the following tax types:

  • Individual income tax (including IMF/IRTF/State/Census database development/Bureau of Motor Vehicle database/various other state data sources)
  • Corporate income tax
  • Sales and excise taxes
  • Property tax,

along with multi-tax incidence analysis, revenue to receipts conversion and the PolicyLinks Sales and Use Tax Model.

 

 

 

Minnesota

*New for 2016: A new update for 2016 included the latest data update and a new investment methodology based on the latest restructuring of the underlying U.S. Bureau of Economic Analysis (BEA) data sources.

Previous Work:

The State of Minnesota purchased the first PolicyLinks Sales and Use Tax Model in 2007. Customization was provided to allow the model to interact with Microsoft Excel.  In 2012, Chainbridge delivered the new PolicyLinks Sales and Use Tax Model in addition to an updated database.

In 2002 we completed a project (as a subcontractor) to develop estimates of the sales and use “tax gap” for the State of Minnesota. As part of this project, we constructed a sales and use tax model. We began our work with an exhaustive literature search and extensive interview of DOR staff, particularly those serving in audit and research functions. As part of this project, we measured the gap in detail for the year 2000, and prepared a set of micro-simulation databases for DOR to continue its research into sales and use tax. The final result was a comprehensive weighted sample of all taxpayers who file and all who do not file but should. Detail for each taxpayer (actual and potential) includes industry classification, size of business, amount of tax payment, amount of tax liability, audit expectations, use tax liability and more.

Model updates have been ongoing since 2014 with the most recent update complete in September of this year.

Rhode Island

*New for 2016: A new update for 2016 included the latest data update and a new investment methodology based on the latest restructuring of the underlying U.S. Bureau of Economic Analysis (BEA) data sources.

Previous work:

The first PolicyLinks Sales and Use Tax Model was delivered to Rhode Island in 2008.  In 2010, the model database was updated.  Between 2010 and 2012, the Sales and Use Tax Model was rebuilt from the ground up.  The new model along with a database update was delivered to Rhode Island in 2012.  Additional updates were completed in 2012, 2014 and 2016.

New Jersey

New Jersey purchased our ComplianceLinks product under a 5 year contract and exercised an option for an additional year.

The District of Columbia

ComplianceLinks was purchased in the District of Columbia in 2008. In 2013, we enter our 6th year of working with the Office of Tax and Revenue.

California

Governor Schwarzenegger’s Executive Order S-12-08 created the bipartisan Commission on the 21st Century Economy (the Commission). During 2009, we built the sales tax PolicyLinks module to analyze the revenue effects of taxing personal property and services that are not taxed under current law on both consumers and businesses.

Louisiana

Chainbridge staff served as expert witnesses in the State of Louisiana for IRC section 482 related court case.

Vermont

*New for 2016: We are currently updating the individual income tax database in Vermont which is scheduled for completion late 2016.

Prior Years – 2014 – 2015

The Vermont PolicyLinks system includes the Individual Income Tax and the Sales and Use Tax models.

The project was delivered in 2014 with updates completed in 2015.

 

Mississippi

An Individual Income Tax Model was delivered in 2015 with additional support continuing into 2016.