Tax Law – May 24, 2012

by Winthrop & Weinstine, P.A. on 5/14/2012

The State Legislature finalized three major bills—the tax bill, bonding bill, and the stadium bill—this week after long floor debates and dozens of amendments. Lawmakers ultimately put their stamp of approval on the three...more

by Reed Smith on 5/4/2012

On April 25, 2012, the Pennsylvania Supreme Court handed down its much-anticipated decision in Tech One Associates v. Bd. of Prop. Ass’t. of Allegh. Co., et al. At issue in this case is a matter of significant importance to...more

by McKenna Long & Aldridge LLP on 4/30/2012

In 1984, the State of California established the Enterprise Zone Program to encourage business investment and promote creation of new jobs in economically distressed areas through tax incentives. Currently the legislature has...more

by Orrick, Herrington & Sutcliffe LLP on 4/17/2012

The term “renewable energy” describes energy that comes from natural resources that are naturally replenished, including solar energy, wind energy, geothermal energy, bio-energy, wave power, tidal power and hydroelectricity....more

by Allen Matkins Leck Gamble Mallory & Natsis... on 4/2/2012

As part of California’s Cap and Trade Program, the Air Resources Board will issue will issue tradable permits (Greenhouse Gas (GHG) allowances) that authorize a permit holder to emit a specific quantity of GHGs. Entities...more

by Reed Smith on 3/8/2012

The New Markets Tax Credit (“NMTC”) program is administered by Treasury Department’s Community Development Financial Institutions (“CDFI”) Fund. The program is designed to stimulate job creation, and encourage investment in...more

by McNees Wallace & Nurick LLC on 2/24/2012

Interest on Real Estate Tax Overpayments The Commonwealth Court has held that the provisions of the Local Taxpayer Bill of Rights apply to refunds of real estate taxes, requiring that interest be calculated from the...more

by K&L Gates LLP on 2/16/2012

On February 14, 2012, Pennsylvania’s Governor, Tom Corbett, signed into law legislation (House Bill 1950) authorizing counties to impose a fee on persons holding permits to sever natural gas for sale, profit or...more