News & Analysis as of

Tax Extensions New Legislation

Franczek P.C.

Governor signs Refund Recapture Bill into Law

Franczek P.C. on

On Friday Governor Pritzker signed into law Public Act 102-0519 (Senate Bill 508) creating Section 18-233 of the Property Tax Code, which implements an automatic levy increase to be applied by county tax extension officials...more

Butler Snow LLP

COVID-19 Relief for New Markets Tax Credit Program and Opportunity Zone Program

Butler Snow LLP on

Five-Year Extension of New Markets Tax Credit Program As we have all seen, the COVID-19 pandemic has created economic suffering for each and every one of our communities. However, for those severely distressed, low-income...more

McDermott Will & Emery

UK Government Provides COVID-19-Related Tax and Financial Support for Businesses

McDermott Will & Emery on

On March 17, the UK Chancellor of the Exchequer, Rishi Sunak, announced an unprecedented £330 billion package, equivalent to 15% of UK gross domestic product, of government-backed and guaranteed loans to support businesses,...more

Foley & Lardner LLP

Just in Time for the Holidays: President Obama Signs ITC and PTC Extension Into Law

Foley & Lardner LLP on

On December 18, 2015, President Obama signed into law the bipartisan $1.1 trillion Consolidated Appropriations Act of 2016 and the $680 billion Protecting Americans From Tax Hikes (PATH) Act of 2015, better known as the as...more

Morgan Lewis

Highway Funding Bill Includes Significant Changes to Tax Rules

Morgan Lewis on

Unexpected changes in FBAR, corporate and partnership returns, and statute of limitations and mortgage reporting tax rules are embedded in funding bill H.R. 3236. When US President Barack Obama extended funding for...more

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