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HTMLDefending a Preference Action: The Ordinary Course of Business Defense
McDonald Hopkins LLC;
Legal Alert/Article
July 26, 2014, previously published on July 18, 2014
The answer is not as simple as it may seem. Creditors usually believe that nothing they have done falls outside of the ordinary course of business, and the necessary question is simply whether your business dealings with the debtor changed during the 90 days prior to the debtor’s bankruptcy...

 

HTMLVermont Provides Draft Guidance on the Taxation of Prewritten Software Accessed Remotely
McDonald Hopkins LLC;
Legal Alert/Article
July 26, 2014, previously published on July 24, 2014
The Vermont Department of Taxes (the Department) recently issued draft guidance on the collection of sales tax on prewritten software accessed remotely in order to provide more clarity to taxpayers on this area of taxation. Prior to July 1, 2013, there was a legislative moratorium on the collection...

 

HTMLPresident Obama Signs Non-Discrimination Executive Order
McDonald Hopkins LLC;
Legal Alert/Article
July 26, 2014, previously published on July 25, 2014
On Monday, President Obama signed an executive order banning discrimination against lesbian, gay, bisexual, and transgender (LGBT) individuals by companies that contract with the federal government.

 

HTMLCalifornia: Board of Equalization Proposes Regulations Implementing Partial Tax Exemption For Certain Specified Industries
McDonald Hopkins LLC;
Legal Alert/Article
July 26, 2014, previously published on July 17, 2014
The California Board of Equalization has provided notice for a final hearing on the adoption of proposed Regulation 1525.4 (Proposed Regulation), which would implement, interpret, and make specific the partial California sales and use tax exemption available for certain qualified purchasers of...

 

HTMLHouse Republicans Prepare Border Crisis Plan
McDonald Hopkins LLC;
Legal Alert/Article
July 26, 2014, previously published on July 18, 2014
Last week, President Obama asked for $3.7 billion to deal with the current border crisis. This week, House Republicans made it clear that they were not going to give the president what he asked for, and were readying their own plan for how to deal with the current situation.

 

HTMLObama Calls for Almost $4 Billion for Border
McDonald Hopkins LLC;
Legal Alert/Article
July 18, 2014, previously published on July 11, 2014
In response to a growing humanitarian crisis on the border with Mexico, President Obama is calling on Congress to appropriate $3.7 billion to stem families and unaccompanied minors illegally crossing into the U.S.

 

HTMLSenate Intel Committee Passes Cybersecurity Bill
McDonald Hopkins LLC;
Legal Alert/Article
July 18, 2014, previously published on July 11, 2014
On Tuesday, the Senate Intelligence Committee approved the Cybersecurity Information Sharing Act by a vote of 12 to 3. The legislation would make it easier for businesses and the government to share information with each other about cyber-attacks. Despite the vote, the bill continues to face...

 

HTMLIllinois: Industrial Insureds May Be Required to Pay Taxes on Insurance Premiums
McDonald Hopkins LLC;
Legal Alert/Article
July 18, 2014, previously published on July 10, 2014
The Illinois General Assembly passed S.B. 3324 which imposes a 3.5 percent tax on paid premiums to unauthorized insurers by a certain class of businesses. The bill awaits Governor Patrick Quinn’s signature. If the bill is neither signed nor vetoed by August 14, it automatically becomes law.

 

HTMLCalifornia: Sales and Use Tax Partial Exemption Goes Into Effect for Specified Industries
McDonald Hopkins LLC;
Legal Alert/Article
July 18, 2014, previously published on July 10, 2014
California law now provides for a partial exemption from state sales and use tax for equipment purchased for manufacturing, research and development by certain qualified purchasers and certain lessees, as of July 1, 2014. This partial exemption applies only to state sales and use tax and does not...

 

HTMLSenate Confirms Castro at HUD
McDonald Hopkins LLC;
Legal Alert/Article
July 18, 2014, previously published on July 11, 2014
On Wednesday, the Senate easily confirmed President Obama’s nominee to head the Department of Housing and Urban Development - San Antonio Mayor Julian Castro - by a vote of 71 to 26.

 


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