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HTMLMerging Out of State Entities Holding Florida Real Estate
Raul Valero; McDonald Hopkins LLC;
Legal Alert/Article
January 2, 2017, previously published on November 29, 2016
Many entities, both domestic and foreign, hold real property in the State of Florida. However, it’s important to note the State of Florida imposes a documentary stamp tax on certain transfers of Florida real property. The question that arises is whether such a transfer occurs, requiring...

 

HTMLLegal Tips to Consider If You’re Buying a Drone This Holiday Season
David D. Ebersole, Christopher B. Hopkins, Ilirjan Pipa; McDonald Hopkins LLC;
Legal Alert/Article
January 2, 2017, previously published on December 6, 2016
The Federal Aviation Administration (FAA) is estimating over one million drones may be sold this holiday season. The novice recreational drone operator, however, may lack proper safety training, insurance, and knowledge of the regulatory environment. So, before you take Junior out to earn his wings...

 

HTML2017 Inflation Adjustments for Income Tax and Estate Tax Released
Katherine Esshaki Wensink; McDonald Hopkins LLC;
Legal Alert/Article
January 2, 2017, previously published on December 5, 2016
Recently, the Internal Revenue Service released Rev. Proc. 2016-55 outlining the 2017 inflationary adjustments. These adjustments affect various income tax rate thresholds and the estate and gift tax exemption.

 

HTMLMotion Picture Association Accuses Author of Film Subsidy Studies of Academic Malpractice
David D. Ebersole, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
December 6, 2016, previously published on September 28, 2016
Much has been made of a pair of studies authored by Assistant Professor Michael Thom of the University of Southern California, whose expertise lies in areas including public finance, social welfare, taxes, and regulatory policy.

 

HTMLReport: Most States’ Tax Revenues Declined in the First Quarter of 2016
David D. Ebersole, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
December 6, 2016, previously published on October 05, 2016
In September, the Nelson A. Rockefeller Institute of Government (Institute) issued a report titled Weak Stock Market and Declines in Oil Prices Depressed State Tax Revenues, in which it observed in the subtitle that falling state tax revenues in the second quarter raise a yellow flag for state...

 

HTMLHouse Passes Legislation Protecting Workers Traveling to Other States
David D. Ebersole, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
December 6, 2016, previously published on September 27, 2016
Recognizing a nationwide problem that stems from “[a] patchwork of complicated nonresident income tax laws,” the group Mobile Workforce Coalition (Coalition) set out to “protect America’s traveling workforce.” The Coalition collaborated with members of Congress and...

 

HTMLPennsylvania: Philadelphia’s Sugar Sweetened Beverage Tax Comes under Attack
David D. Ebersole, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
December 6, 2016, previously published on September 29, 2016
In June, the City of Brotherly Love became only the second city in the U.S. to tax sugary drinks. Our subsequent article described the details of the 1.5 cents per fluid ounce tax on the distribution of such beverages, effective January 1, 2017, and Philadelphia Mayor Jim Kenney’s plan for...

 

HTMLFlorida: Gov. Scott Will Keep Fighting for Jobs Until His Very Last Day
David D. Ebersole, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
December 6, 2016, previously published on October 06, 2016
In a press release issued late last week, Florida’s Gov. Rick Scott announced that he plans to propose $85 million in his budget recommendation for the 2017-2018 fiscal year for economic incentives to bring more jobs to Florida. He also hopes to restructure Enterprise Florida “so the...

 

HTMLOhio: Senator Introduces Daily Fantasy Sports Legislation
David D. Ebersole, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
December 6, 2016, previously published on October 03, 2016
Ohio Senator Bill Coley has introduced Senate Bill 356, which is intended to classify fantasy sports, and betting on the outcome of an electronic sports contest, as “schemes of chance,” and to grant the Ohio Casino Control Commission authority to regulate pools not conducted for profit....

 

HTMLOregon: Largest Corporate Tax Increase in this Millennium Up for Vote in November
David D. Ebersole, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
December 2, 2016, previously published on October 12, 2016
On November 8, 2016, Oregon’s voters will decide on Measure 97, a state statute proposed by initiative and popularly referred to as the Oregon Business Tax Increase Initiative. A “yes” vote would increase the minimum corporate tax by establishing a 2.5 percent tax on corporate...

 


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