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HTMLEffort to Clarify Dodd-Frank Stalls
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 9, 2014
An effort to clarify a provision in Dodd-Frank enjoys widespread support in both parties and both chambers, yet the prospects for success are uncertain.

 

HTMLThe Serious Business of Serving on the Board of a College or University
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 14, 2014
While being recruited for and serving on the board of a college or university can be an honor, board members must recognize that they are accountable for the organization’s actions. In light of “The looming financial crisis for colleges and universities”, this responsibility...

 

HTMLNorthern California: Cities Address Transient Occupancy Tax in Airbnb Home Vacation Rentals
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 15, 2014
Within the last month, both Berkeley and San Francisco have addressed issues related to the application of a transient occupancy tax, commonly referred to as a “hotel tax,” on rentals made through home hosting sites such as Airbnb, HomeAway Inc., and Vacation Rentals by Owner. For those...

 

HTMLRepublicans Seeking Obamacare Vote on Extenders
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 16, 2014
Tax extenders failed in the Senate Thursday after no deal could be reached on amendments. Senate Republicans wanted to offer a spate of amendments on the bipartisan tax-extenders package, with a repeal of a medical-device tax chief among them.

 

HTMLNew York: Governor Andrew Cuomo Signs Major NY Franchise Tax Overhaul Into Law
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 8, 2014
On March 31, 2014, New York Governor, Andrew Cuomo, signed the New York Budget Bill, 8559-D and S. 6359-D, into law. The budget included many major changes to New York franchise taxes, including a repeal of the Banking Franchise Tax, subjecting financial institutions to the Corporate Franchise Tax,...

 

HTMLNational Survey: BNA Survey Reports Key State Tax Findings - Policies Continue to Lag in Cloud Computing and Digital Goods
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 8, 2014
The purpose of the survey was to clarify each state’s position on gray areas of state taxation, with an emphasis on nexus. According to BNA, it compiled its survey by sending questionnaires to senior state tax officials in every state, the District of Columbia and New York City. All states...

 

HTMLBipartisan Energy Efficiency Bill Dies in Senate
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 16, 2014
Amid a dispute about amendments, a bipartisan bill on energy efficiency has fallen short in the Senate, and with it the chamber's opportunity to vote on the Keystone XL oil-sands pipeline.

 

HTMLPennsylvania: Governor Signs Law Clarifying When Local Taxing Authorities May Impose a Business Privilege Tax
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 15, 2014
The State of Pennsylvania has enacted legislation clarifying the application of the business privilege tax imposed by local taxing authorities. The new law (H.B. 1513) was signed by Governor Tom Corbett on May 6, 2014 and applies to tax years beginning on or after Jan. 1, 2014. This law resolves...

 

HTMLObama "Goes It Alone" On Energy and the Environment
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 9, 2014
Just days after using the release of the National Climate Assessment to push his message on climate change, President Obama will continue his use of executive power to push solutions to curb its effects.

 

HTMLTennessee: Governor Signs Bill Changing Nursing Home Tax
McDonald Hopkins LLC;
Legal Alert/Article
May 21, 2014, previously published on May 8, 2014
On April 30, 2014, Tennessee Governor Bill Haslam signed H.B. 1783, revising the state’s tax on nursing homes. The new law, which will take effect on July 1, 2014, will change how the state taxes nursing homes by moving from a per-bed bases to a percentage of revenue basis. The bill initially...

 


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