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Tax Reform Regulatory Reform

Pullman & Comley - For What It May Be Worth

Connecticut Motor Vehicle Taxation Laws Revised Again

In 2022, the Connecticut General Assembly enacted a group of laws that changed the manner in which motor vehicles are assessed and taxed. The complete implementation of these statutes has been delayed in part due to various...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Committee Work Day - March 2024

Christmas in March? Yes, if you are a lawmaker (particularly a Senator), you are likely to be getting all sorts of presents. Committees trimmed trees from morning till evening on Tuesday while the chambers were in...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Legislative Day 31 - March 2024

The Georgia House of Representatives took up a veritable smorgasbord of legislation on Thursday. From the establishment of a license plate commemorating America’s semiquincentennial (SB 369), to allowing lifetime appointment...more

McDermott Will & Emery

Weekly IRS Roundup January 15 – January 19, 2024

McDermott Will & Emery on

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 15, 2024 – January 19, 2024. ...more

Coblentz Patch Duffy & Bass

San Francisco Commercial Rents Tax – San Francisco Passes Ordinance to Refund Taxpayer $1.8 Million Overpayment

In 2018, San Francisco voters passed the Early Care and Education Commercial Rents Tax (“Commercial Rents Tax”), which became effective as of January 1, 2019. The Commercial Rents Tax generally imposes a 3.5% surtax on...more

Skadden, Arps, Slate, Meagher & Flom LLP

The IRS Is Coming for Partnerships and High Net Wealth Individuals

The Internal Revenue Service plans to deploy thousands of new hires to expand audits of partnerships and high net wealth individuals. As part of a larger transformation at the agency, it is using some of the $60 billion in...more

McDermott Will & Emery

Employers Be Forewarned and Forearmed: Recent IRS Announcements Require Action on ERTC Claims

McDermott Will & Emery on

Promoters and tax advisors have extensively marketed the Employee Retention Tax Credit (ERTC) as a way for employers to reclaim Federal Insurance Contributions Act (FICA) payroll taxes paid during the first two years of the...more

Troutman Pepper

Members of Congress Propose Massive Tobacco Tax Increase

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A new bill, the “Tobacco Tax Equity Act of 2023” (S.2929 and H.R.5715) has been introduced in the U.S. Senate and House of Representatives.  The bill would...more

Polsinelli

$1.7 Trillion Spending Bill Drops the Hammer on Conservation Easements

Polsinelli on

Only months after the U.S. Tax Court and the 6th Circuit Court of Appeals ruled that the IRS failed to adhere to the Administrative Procedures Act when it promulgated Notice 2017-10 and designated most Syndicated Conservation...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report – Legislative Day 10 2022

The House and Senate had relatively short floor agendas on Wednesday, but each took up measures that will make waves in Georgia courts–and the court of public opinion. The House approved, HB 478, Representative Bonnie Rich’s...more

Manatt, Phelps & Phillips, LLP

Governor Hochul Delivers First State of the State Address for New York

On January 5, 2022, New York Governor Kathy Hochul delivered her first State of the State address, outlining in broad strokes her policy and fiscal agenda for the upcoming year. ...more

Akerman LLP

Are We There Yet? Schumer Unveils Long-Awaited, Sweeping Marijuana Reform Bill

Akerman LLP on

On Wednesday, July 14, 2021, Senate Majority Leader Chuck Schumer (D-NY) – at long last – revealed the first draft of a comprehensive reform bill in an effort to remove marijuana from the Controlled Substances Act. Only time...more

Morgan Lewis

Biden-Harris Administration’s First 100 Days Expose Priorities, Lay Groundwork for New Policies

Morgan Lewis on

US President Joseph Biden and Vice President Kamala Harris have consistently framed their policies with what they call the four major “crises” facing the nation: COVID-19, the economy, climate, and inequity. ...more

Morgan Lewis

Initial Takeaways from the American Jobs Plan

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The Biden-Harris administration announced its American Jobs Plan, a legislative framework laying out an ambitious $2 trillion investment in physical and human infrastructure, on March 31. The bulk of the proposed spending is...more

Hogan Lovells

Election 2020 Snapshot: Helping our clients make sense of the U.S. election results

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On Tuesday, November 3, 2020, Americans chose the presidency and the makeup of the United States Congress. With the U.S. election now decided, with the exception of the Georgia Senate races, we are delighted to share with you...more

Troutman Pepper

The SECURE Act Brings Significant Changes for Retirement Plans and IRAs

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The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act), signed into law on Dec. 20, 2019, will have a wide-ranging impact on tax-qualified retirement plans and individual retirement accounts,...more

Hogan Lovells

Congress passes FY 2020 funding bill with tax benefits for energy, health care, and retirement plans

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In a rare display of bipartisanship, after intense last minute negotiations between congressional leadership and the Executive Branch, President Donald Trump signed into law legislation passed last week by Congress to...more

Brooks Pierce

North Carolina Legislative Update - May 2019 #4

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Senate appropriators worked on the budget bill behind closed doors this week and both houses considered a variety of bills prior to leaving for the Memorial Day holiday. Budget Bill (H966) - After passing the House on...more

Goodwin

Financial Services Weekly News - January 2018 #3

Goodwin on

Editor's Note - “Humility and Prudence” at the CFPB. In a memo to employees of the Consumer Financial Protection Bureau (CFPB) later turned into a Wall Street Journal op-ed, Acting CFPB Director Mick Mulvaney articulated his...more

Skadden, Arps, Slate, Meagher & Flom LLP

Strategic Imperatives, Market Confidence Drive US M&A

2017 was another active year for mergers and acquisitions, both in the United States and globally, though the overall dollar volume of deals continued to lag behind 2015’s record levels. Global M&A activity was relatively...more

Skadden, Arps, Slate, Meagher & Flom LLP

10 Themes for 2018

Tax reform, shifting international dynamics, Trump administration goals and a potentially strong market for transactions all seem likely to impact business activity in 2018. Below are 10 areas to explore in our 10th annual...more

Proskauer - Tax Talks

IRS Eliminates Signatures on Section 754 Elections, Offering Tax Regulatory Reform Preview (and its Complexity?)

Proskauer - Tax Talks on

In a notice of proposed rulemaking issued on October 11, 2017 (the “NPRM”), the U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) proposed an amendment to existing regulations (the...more

Alston & Bird

Treasury Would Overhaul 2016 Regulatory Guidance

Alston & Bird on

With tax reform on the horizon, Treasury takes aim at three sets of regulations with clear cross-border implications. Our International Tax Group explains the department’s recommendations to scrap much of Section 385 and...more

Akin Gump Strauss Hauer & Feld LLP

What’s New in Washington - August 2017

The exuberance of a November election victory for Republicans has given way to the difficult reality of passing legislation in a closely divided Senate. While the GOP has made significant gains in the area of regulatory...more

Holland & Knight LLP

Treasury Dept. Identifies 8 "Significant Tax Regulations" for Review to Reduce Burden

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The U.S. Department of the Treasury announced on July 7, 2017, in Notice 2017-38 (the Notice) that it has identified as "significant tax regulations" eight sets of U.S. federal tax regulations that were issued between Jan. 1,...more

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