Tax Law

Read Commercial Law & Contracts updates, alerts, news, and analysis from leading lawyers and law firms:

News & Analysis as of May 21, 2013

Alaska Passes Legislation to Support Energy Industry Projects

by Louisiana Cutler | K&L Gates LLP on 5/9/2013

The 2013 Alaska Legislature passed three significant pieces of legislation and appropriated hundreds of millions of dollars for projects that will support the energy industry before it adjourned in April, with a Republican...more

PA Supreme Court Affirms That Shipping Pallets are Not Taxable, Creating Refund Opportunity for Purchasers

by Reed Smith on 10/22/2012

The Pennsylvania Supreme Court has affirmed that returnable shipping pallets are not subject to the state's sales and use tax. The Commonwealth Court’s decision in favor of taxpayers on this issue is now final, and any...more

Investing in Georgia - Economic Development Newsletter - July 2012

by King & Spalding on 7/12/2012

In This Issue: Recent Developments: - Transparency in Government. Georgia's laws regarding the transparency of government meetings and records had become a jumble of statutes, court opinions and lore that were...more

Computation of Interest on IFTA Audit Deficiencies

by McNees Wallace & Nurick LLC on 7/10/2012

On May 2, 2012, a three-judge panel of the Commonwealth Court ruled in Southern Pines Trucking v. Commonwealth, 352 F.R. 2008, that an interstate trucking company was not entitled to credit in an IFTA audit for interest on...more

Maine Business Court Invalidates Use Tax Assessment Against Aircraft Owner

by Pierce Atwood LLP on 6/18/2012

On the heels of a taxpayer victory last year, another aircraft owner has successfully challenged Maine Revenue Services’ imposition of use tax on private aircraft that land in Maine. In Mile High Air, LLC v. State Tax...more

IRS to Extend 7.5 Percent Federal Excise Tax to Cover Business Aircraft Operations -- Tax Significantly Impacts Business Aircraft...

by Lane Powell PC - Aviation Law on 4/4/2012

If your aircraft is managed by a third party (or potentially by a related entity), or if your company manages aircraft, the IRS’s recent guidance expanding the applicability of federal excise tax will significantly impact...more

Sutherland Salt Shaker- Vol. 1 No. 10- October 2010

by Sutherland Asbill & Brennan LLP on 10/18/2010

IN THIS ISSUE: Michigan Gears Up for 2011 Amnesty; Events in Neighboring Southern States May Foreshadow Changes to Come;Throw Out the Throwback: Maine Replaces “Throwback” with “Throwout” and Adopts Finnigan; SALT Pet of the...more

Russian Federation, Belarus and Kazakhstan Launch Customs Union

by Alexander Averbuch on 7/26/2010

On July 6, 2010, following the adoption of the unified Customs Code, the Customs Union of three former Soviet Union republics - the Russian Federation, the Republic of Belarus and the Republic of Kazakhstan - became...more