Art, Entertainment & Sports Law, Tax Law, Commercial Law & Contracts

What's Happening in Business Aviation? May 2013

by Burns & Levinson LLP on 5/22/2013

This edition of the Burns & Levinson Business Aviation Report covers new developments in the following areas of business aviation: • Rentals from leasing aircraft may be subject to the new 3.8 percent tax on net...more

New Mexico 2013 Tax Legislation Update

by Timothy R. Van Valen | Brownstein Hyatt Farber Schreck on 5/22/2013

The recently concluded 2013 regular session of the New Mexico Legislature resulted in legislation enacting several significant changes to New Mexico’s tax programs, the majority of which are business friendly. Most of the...more

Did Sergio Garcia Lose in Match Play with the IRS?

by Thomas Wechter | Duane Morris LLP on 5/17/2013

One of the most recognizable names in professional golf—although not the most winning name, having never won a major golf tournament—is Sergio Garcia. He is especially known for his tree shots, the latest of which was a...more

IRS Taking Tough Stand On Benefits And Burdens Of Ownership In Recent Section 199 ILM And Tax Court Cases

by Todd Reinstein | Pepper Hamilton LLP on 5/8/2013

On April 1, the Internal Revenue Service (IRS) released ILM 201313020 (ILM) in response to an IRS Appeals Division request. It concludes that planning and development activities undertaken by a publisher of books and other...more

IRS Addresses Whether Publisher Is “Producer” Under §199

by Robin Greenhouse, Dwight Mersereau | McDermott Will & Emery on 4/5/2013

In a recently released Chief Counsel Advice, the IRS National Office concluded that a publisher’s activities in producing an “electronic” version of books that were “printed” by a third party did not constitute qualifying...more

Interactive Gaming And Taxes – Nevada’s Legislature Considers Gaming Amendments And The IRS Clarifies Slot Machine Withholding...

by Jennifer Carleton, Erin Elliott, Neil Goff, Alisa Nave-Worth | Brownstein Hyatt Farber Schreck on 2/25/2013

Nevada Legislature Considers Changes Critical to Gaming Industry - In the 2013 Nevada legislative session, the Nevada Legislature is considering a number of key legislative changes that would impact the gaming industry....more

Gaming Legal News - February 13, 2013 • Volume 6, Number 4

by Rodney Butler, W. Stuart Scott, Ryan M. Shannon | Dickinson Wright on 2/21/2013

In This Issue: - DOLLARS IN, DOLLARS OUT: DOES IT MAKE “CENTS” FOR TENNESSEE TO FURTHER LEGALIZE GAMBLING IN THE STATE? Uniquely situated in the mid-south, the state of Tennessee and its “three grand divisions,” or...more

California Reintroduces Bill to Legalize Sports Betting

by Dan W. Goldfine, Harsh Parikh, Heidi McNeil Staudenmaier | Snell & Wilmer L.L.P. on 2/8/2013

For the second year in a row, the California State Legislature will consider Senate Bill 190 to legalize sports betting within the state. Last year’s Senate Bill 1390 passed in the California State Senate, but stalled in...more

Gaming Legal News - January 17, 2013 • Volume 6, Number 2

by Peter Kulick | Dickinson Wright on 1/30/2013

In This Issue: - I-GAMING IN THE UNITED STATES VERSION 2013: BACK TO THE STATES? Optimism had inched higher that the United States would shift its i-gaming policy from a prohibitory approach to allowing some form of...more

Comparison of Canadian Content, Co-Ventures and Treaty Co-Productions

by Heenan Blaikie LLP on 1/24/2013

Canada has long been a pioneer in the international co-production area with numerous co-production treaties. Enclosed is a chart that provides a comparison of Canadian Content, Co-Ventures and Treaty...more

Gaming Legal News - October 25, 2012 • Volume 5, Number 23

by Dickinson Wright on 10/30/2012

In This Issue: - RACING TO NEW OFF-RESERVATION GAMING IN OREGON: Oregon currently has nine tribal casinos. A race is on to build new casinos to capture the Portland and Medford markets. The stakes are high – casino...more

Court Says Lap Dancing Isn’t an Art Form

by Lawyers.com on 10/26/2012

New York’s highest court ruled on Oct. 22 that strip club patrons must pay sales tax on admission fees because the clubs’ featured entertainment does not qualify for the state’s tax exemption afforded to “dramatic or musical...more

Digital Movies Delivered by Physical Media Deemed Not Taxable in New York

by McDermott Will & Emery on 6/28/2012

A New York State Division of Tax Appeals administrative law judge (ALJ) recently ruled in Matter of American Multi-Cinema, Inc., on the question of whether non-taxable licenses to exhibit digital movies become taxable if the...more

MoFo New York Tax Insights - Volume 2, Issue 8 - August 2011

by Morrison & Foerster LLP on 8/3/2011

In this issue: Taxpayer May Subpoena State’s E-mails Interpreting Tax Law; Tribunal Finds Sufficient Business Purpose and Allows QEZE Credit; Tribunal Holds Interest Payable Only from Date of Amended Returns; Production...more

Navigating Nonprofit Partnerships, Joint Ventures & Commercial Co-Ventures: How Arts Organizations Can Avoid the Legal Pitfalls

by Venable LLP on 4/22/2011

Overview *Promotional and Fundraising Affiliations – Corporate Sponsorships – Licensing (Passive Royalty Income) – Commercial Co-Venture *Joint Activities – Joint Programs Via Contract – Subsidiary Entities •...more

The Prudent Buyer's Guide to Art Fairs

by Sheppard Mullin Richter & Hampton LLP on 10/19/2010

Whether you are a first-time buyer or an experienced collector, the electricity surrounding an international art fair can overwhelm the senses. Lavish parties, rich history, and the subtle buzz of thousands of business deals...more

Business Formation Q&A

by D. Lee Gwinn on 7/27/2010

Summarizes the different types of business entities and formational documents involved....more

IRS Releases Revenue Ruling 2008-13 Adopting Position That Performance Based Compensation Is Non-Excludible Under 162(m) If ...

by Fenwick & West LLP on 2/22/2008

Update to our Client Alerts of February 8, 2008 and February 14, 2008: On February 21, 2008, the IRS released Revenue Ruling 2008 13, confirming the position taken in PLR 200804004 that compensation intended to qualify...more

Performance Based Compensation is Non-Excludible Under 162(m) If Also Payable Under An Employment Agreement As Severance

by Fenwick & West LLP on 2/14/2008

Update of our February 8, 2008 Client Alert: We alerted you on January 31, 2008 (and provided a further update on February 8, 2008), that the IRS now takes the position that compensation intended to qualify as deductible...more

Payments Do Not Qualify as Performance Based Compensation Under 162(m) Where Payments are Permitted Under a Severance Arrangement

by Fenwick & West LLP on 2/8/2008

The Internal Revenue Service published a private letter ruling on January 28, 2008 (PLR 200804004) holding that amounts paid to a recipient under an incentive compensation plan intended to qualify as performance-based...more

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Art, Entertainment & Sports Law › Tax Law › Commercial Law & Contracts