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Municipalities Internal Revenue Code (IRC)

Holland & Knight LLP

Treasury Department and IRS Release Final Regulations on the Direct Payment of Tax Credits

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS on March 5, 2024, released final regulations regarding the direct payment of tax credits under Section 6417 of the Internal Revenue Code (Elective Payment of Applicable Credits)....more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Illinois Employers Required to Provide Public Transit Benefits in 2024

Many employers with at least fifty employees in the six-county Chicago area will have to provide their full-time employees with pre-tax public transit benefits starting January 1, 2024, under a new Illinois law....more

Burr & Forman

South Carolina Supreme Court Reverses Important Business License Tax Case: Counties and Municipalities May be Required to Change...

Burr & Forman on

South Carolina counties and municipalities are authorized to impose business license taxes on the “gross income” of a business. On August 8, 2018 the South Carolina Supreme Court issued a major decision, Todd Olds v. City of...more

Pullman & Comley, LLC

Property Valuation Topics: Winter 2015

Pullman & Comley, LLC on

Thorny Exemption Issue Discussed - Limited Liability Company X owns property in the Town of Windham which it leases to Corporation Y. Both entities are tax exempt under the Internal Revenue Code. Both entities...more

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