Nonprofit Basics: What You Need To Know About Expenditure Responsibility
Life Sciences Quarterly: Tax Cuts and Jobs Act: Implications for Life Science Business
Equity’s maxims have many jurisprudential functions, one critical function being to sinew the equitable principles that regulate the law of trusts. A court that is saddled with sorting out the rights, duties and obligations...more
The San Francisco Health Care Security Ordinance (HCSO) is a local ordinance that uniquely applies to employers with workers in the City of San Francisco. The HCSO requires employers to make certain health care expenditures...more
Georgia Governor Brian Kemp signed House Bill 1339 (the “Law”) into law on April 19, 2024. The Law revised existing provisions of the Georgia Certificate of Need statute (the “Statute”). The Law became effective July 1, 2024....more
This study summarizes research conducted on behalf of the Rhode Island Foundation and partner organizations in early 2024....more
Over the summer, Governor Pritzker signed Public Act 103-0394, creating Section 17-1.10 of the School Code. The new law requires school boards that do not receive federal impact aid funding to present annually a written...more
Yesterday, September 26, 2023, Senator Elizabeth Warren (D-MA), along with six other Democratic Senators and eighteen Democratic Congressmen, sent a letter to SEC Chairman Gensler concerning the SEC's proposed climate...more
The long wait for substantive guidance under Section 174 ended late last week with the release by the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) of Notice 2023-63 (Notice). Taxpayers may rely...more
As the private credit industry has relentlessly expanded and the capital available for deployment by private credit asset managers has rapidly grown, those investing at the top end of the market have increasingly had to...more
Welcome to EO Radio Show – Your Nonprofit Legal Resource. Have you ever heard the phrase, “you’ll have to exercise expenditure responsibility as a condition for giving or receiving a grant,” and then decided to just go do...more
Florida law requires every condominium’s annual budget to include both operating expenses and reserves for capital expenditures and deferred maintenance. Operating expenses are those incurred during the day-to-day operations...more
At the height of the COVID-19 pandemic, when consumers were itching to stay fit while stuck at home, the popularity of internet-connected stationary bikes and treadmills that you could use at home skyrocketed. Peloton led the...more
The judgment of ZF v. Comptroller of Income Tax was a seminal decision by the Singapore Court of Appeal in 2010, which influenced how capital allowances were claimed and granted in the years since. There hasn’t been a...more
Historically, location, rent rolls, and marketability signified value in healthcare facilities. Facilities located on or near the hospital campus were considered the best....more
As we have previously written on, Connecticut Governor Ned Lamont recently signed into law the state’s budget as Public Act 22-118 (Act), which makes various changes to the Connecticut statutes. Among the changes, the Act...more
Much ballyhoo has accompanied the U.S. Treasury’s publication in January 2022 of its Final Rule in the use of American Rescue Plan Act (ARPA) funds. Local governments across the country are scrambling to deploy their stimulus...more
Tax Litigation: The Week of March 7, 2022, through March 11, 2022 Rau v. Comm’r, T.C. Opin. 2022-4 | March 7, 2022 | Guy, J. | Dkt. No. 23074-19S Cosio v. Comm’r, T.C. Memo. 2022-18 | March 9, 2022 | Weiler, J. | Dkt. No....more
Amendments to Regulation S-K Items 300. In 2020, the Securities and Exchange Commission (“SEC”) adopted amendments to Items 301 (Selected Financial Data), Item 302 (Supplementary Financial Information), and Item 303...more
On October 29, 2021, the Ohio Department of Education (ODE) issued new requirements regarding the use of federal ESSER II and ESSER III funding for construction and capital expenditures. Under the new requirements, local...more
Pullman & Comley’s Public Finance tax attorneys are pleased to bring you the latest development on the budget reconciliation front as it relates to municipal bonding. Last Thursday, September 9, 2021, the House Ways and Means...more
Tax Gap- In a report released last week, the U.S. Treasury Department explained that the so-called “tax gap” – i.e., the difference between the amount of federal income taxes owed by taxpayers for a taxable year and the...more
Under the Internal Revenue Code (“Code”) Section 162, ordinary and necessary business expenses are deductible, but Code Section 263 disallows a deduction for capital expenditures (“no deduction shall be allowed” for a capital...more
A recent Tax Court decision addressed the deductibility of legal expenses and the so-called “origin-of-the-claim” doctrine. The Mylan decision demonstrates that the deductibility of a legal expense generally depends on the...more
North Carolina legislators filed another bill to amend the state’s Certificate of Need Act on April 1, 2021. As filed, Senate Bill 462 would modify several longstanding cost thresholds that trigger CON review:.. ...more
Shortly before the end of the bizarre and painful 2020 calendar year, the Consolidated Appropriations Act for 2021 (the Act) was signed into law, providing an additional $284 billion appropriation for the Paycheck Protection...more
While significant challenges from COVID-19 continue to be felt in city centers around the world, the quote from Mark Twain seems applicable to cities in this moment: “The reports of my death are greatly exaggerated.” As...more