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HTMLLegislature Revises Affiliate Nexus Law Previously Voided by State Supreme Court
McDonald Hopkins LLC;
Legal Alert/Article
June 18, 2014, previously published on June 12, 2014
On May 30, 2014, the Illinois legislature passed a new and improved law aiming to collect sales tax revenue from e-commerce transactions occurring in the state. Senate Bill 352 (the New Law) amends several portions of the Illinois Use Tax Act and the Service Use Tax Act.

 

HTMLSenate Passes VA Reform Bill
McDonald Hopkins LLC;
Legal Alert/Article
June 17, 2014, previously published on June 13, 2014
On Wednesday, the Senate passed legislation aimed at responding to the healthcare crisis at the Veterans Affairs Department. The legislation passed by a margin of 93 to 3.

 

HTMLStudent Loan Bill Dies in Senate
McDonald Hopkins LLC;
Legal Alert/Article
June 17, 2014, previously published on June 13, 2014
A Democratic-authored plan to let Americans refinance their existing student loan debt failed to advance in the Senate on Wednesday. In the end, the bill from Sen. Elizabeth Warren (D-MA) went down 56 to 38, not meeting the 60-vote threshold needed to advance to a final vote. Three...

 

HTMLCantor’s Loss Sets Up Leadership Shuffle in House
McDonald Hopkins LLC;
Legal Alert/Article
June 17, 2014, previously published on June 13, 2014
On Tuesday night, House Majority Leader Eric Cantor (R-VA) lost his primary to an unknown and underfunded economics professor. Cantor’s loss was equivalent to a political earthquake in D.C.

 

HTMLSupreme Court Unanimously Holds Inherited IRAs are NOT Protected in Bankruptcy
Jeffrey P. Consolo, Katherine Esshaki Wensink; McDonald Hopkins LLC;
Legal Alert/Article
June 17, 2014, previously published on June 13, 2014
The Supreme Court in a unanimous decision ruled on June 12, 2014, that inherited IRAs are subject to creditors and are not protected in bankruptcy. The ruling brings clarity to an issue - whether or not inherited IRAs are protected - that had been split among the circuit courts.

 

HTMLFederal Government Cracks Down on Cheese
McDonald Hopkins LLC;
Legal Alert/Article
June 17, 2014, previously published on June 13, 2014
That headline isn’t a typo. The Food and Drug Administration (FDA) is concerned about the public health safety of using wooden boards to age or ripen cheese. The agency recently cited several New York state cheese makers for using the boards in a recent inspection, saying the...

 

HTMLFlurry of Legislative Action on Mid-Biennium Review Bills
McDonald Hopkins LLC;
Legal Alert/Article
June 12, 2014, previously published on June 6, 2014
The legislature was hard at work this week finalizing a number of bills prior to breaking for summer recess on June 4. Among the measures to receive approval were half a dozen bills included in the Governor’s Mid-Biennium Review (MBR) package, of which a summary is included below.

 

HTMLHouse Approves Bill to Ease Effects of Federal Coal Emissions Standards
McDonald Hopkins LLC;
Legal Alert/Article
June 12, 2014, previously published on June 6, 2014
The Ohio House passed House Bill 506 this week, a measure that requires the Director of the Ohio EPA to adopt rules establishing standards of performance for carbon dioxide emissions from existing coal-fired and natural gas-fired electric generating units and to specify factors on which those...

 

HTMLSenators Seek to Revive Unemployment Extension
McDonald Hopkins LLC;
Legal Alert/Article
June 11, 2014, previously published on June 6, 2014
Sen. Jack Reed (D-RI) and Sen. Dean Heller (R-NV) have resumed negotiations to create new legislation that would extend the benefits for the more than 2 million Americans who have been out of work for at least six months.

 

HTMLThe Other Side of the Coin: Why Healthy Companies Need Reliable Bankruptcy Counsel
McDonald Hopkins LLC;
Legal Alert/Article
June 11, 2014, previously published on June 4, 2014
Healthy companies are probably not thinking about bankruptcy right now, but perhaps they should. While business bankruptcy filings have declined in recent years, bankruptcy litigation filings (adversary proceedings) have bucked that trend in certain jurisdictions. According to statistics published...

 


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