Tax Credits, Income Taxes | JD Supra Law News

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

U.S. Department of the Treasury Announces $3.5 Billion in Federal New Markets Tax Credit Allocation Authority

by Amelia Frankel, Jarrod Sharp, Jennifer Simmons | Thompson Coburn LLP on 4/26/2013

Yesterday the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (the “CDFI Fund”) announced the award of $3.5 billion in Federal New Markets Tax Credit (NMTC) allocation authority through its...more

Under The Dome: Inside The Maine State House 4-5-13

by Avery T. Day, John D. Delahanty, Andrea Cianchette Maker | Pierce Atwood LLP on 4/5/2013

This week, Governor LePage vetoed two bills: LD 49, An Act to Amend the Laws Governing Payment of Fees to Registers of Deeds, and LD 272, An Act to Reduce Youth Cancer Risk. These were the first vetoes of the 126th...more

Florida Applications for Research Credit May Be Submitted Starting March 20

by William Townsend | Fowler White Boggs P.A. on 3/19/2013

The first day to submit applications for the new Florida Research Credit is March 20, 2013. Applications will be reviewed by the state on a first-come, first-served basis, so timely filing is important. Emergency Rule...more

A Pinch of SALT: State Tax Treatment of a 'Manufacturer'

by Suzanne Palms, David Pope, Maria Todorova | Sutherland Asbill & Brennan LLP on 2/15/2013

Originally published in State Tax Notes. Many states have created special treatment for manufacturers, including tax exemptions, credits, and special income tax apportionment rules. In this edition of A Pinch of SALT, we...more

How the New ‘Fiscal Cliff’ Law Affects the Municipal Bond Market

by Kimberly Betterton, Scott Cockerham | Ballard Spahr LLP on 1/10/2013

The American Taxpayer Relief Act of 2012 (the Act), passed by the Senate and the House and Representatives on New Year’s Day and signed by the President on January 2, 2013, includes several direct and indirect consequences...more

Fiscal Cliff II: What’s Next For Tax Reform?

by Mary Burke Baker, Michael W. Evans, Andrés Gil, Karishma Shah Page, Ryan J. Severson | K&L Gates LLP on 1/9/2013

On January 1, 2013, the Senate and House of Representatives passed the American Taxpayer Relief Act of 2012 (“ATRA”), signed into law by President Obama on January 2. ATRA averts the “fiscal cliff” by making permanent the...more

The North Carolina Qualified Business Tax Credit Program

by James O'Brien III, Stephanie Sanders | Poyner Spruill LLP on 1/9/2013

Investors and businesses that are seeking to raise capital should be aware of North Carolina’s Qualified Business Tax Credit Program, which provides significant tax benefits to North Carolina taxpayers in connection with...more

Last-Minute Fiscal Cliff Tax Deal Reached - Highlights of the American Taxpayer Relief Act of 2012

by Duane Morris LLP on 1/7/2013

The United States plunged off the theoretical cliff New Year's Day, but the U.S. House of Representatives pulled us back by passing the U.S. Senate's version of the budget bill on New Year's Day, and lo and behold, we now...more

The American Taxpayer Relief Act Of 2012: Key Business And Individual Income Tax Provisions

by Isaac Hirsch, Christina M. Iafe, Andrew Segna, Brian Silikovitz | Lowenstein Sandler LLP on 1/4/2013

On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 (the “Act”), which halts tax increases scheduled to go into effect for most Americans as part of the so-called fiscal cliff. The Act generally...more

Fiscal Cliff Deal Extends $5 Million Estate and Gift Tax Credit and Generation-Skipping Transfer Tax Exemption, but Increases Tax...

by Laura Zwicker | Greenberg Glusker Fields Claman & Machtinger... on 1/4/2013

The bill passed by Congress on January 1, 2013, to avoid the “fiscal cliff,” which is expected to be signed into law by President Obama shortly, permanently extends the favorable gift, estate and generation-skipping transfer...more

"Temporary ‘Fiscal Cliff’ Solution Yields Important Tax Changes"

by Armando Gomez, Cary Pugh, Paul Schockett, Sean Shimamoto | Skadden, Arps, Slate, Meagher & Flom LLP on 1/3/2013

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (the TRA of 2012), which permanently extends certain federal income tax rate reductions first enacted in 2001 that were scheduled to expire...more

Tax Law Blog: Individual Tax Rates, Deductions, and Credits

by Jana M. Luttenegger | Davis Brown Law Firm on 1/3/2013

Here is a brief outline of the legislation passed by the Senate and House extending certain tax rates, deductions, and credits for individuals....more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

Tax Credits › Income Taxes