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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.

 

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...

 

HTMLA Practical Guide for a Surety When a Principal Files for Bankruptcy
McDonald Hopkins LLC;
Legal Alert/Article
July 4, 2014, previously published on July 1, 2014
For a surety, the bankruptcy filing of a principal raises a number of issues and several challenges, but it does not necessarily mean a loss for the surety. With some preparatory steps, coupled with prompt and careful post-bankruptcy actions, the surety can protect its rights and minimize its loss.

 

HTMLExport-Import Bank Reauthorization in Trouble
McDonald Hopkins LLC;
Legal Alert/Article
July 4, 2014, previously published on June 27, 2014
The Export-Import Bank's reauthorization is in trouble despite support from powerful business interests, the Obama administration, and a bipartisan group of Republicans and Democrats.

 

HTMLIllinois Provides Guidance on Characterization and Sourcing of Cloud Computing Receipts for Sales Factor Apportionment Purposes
McDonald Hopkins LLC;
Legal Alert/Article
July 4, 2014, previously published on June 26, 2014
On April 24, 2014, the Illinois Department of Revenue (the Department) replied to a request for a Private Letter Ruling requesting a ruling that the taxpayer’s (Company’s) “dedicated hosting, cloud computing and remote customer support are services for Illinois sales factor...

 

HTMLHouse Judiciary Committee Passes Permanent Internet Tax Ban
McDonald Hopkins LLC;
Legal Alert/Article
July 4, 2014, previously published on June 26, 2014
On June 18, 2014, the House Judiciary Committee of the U.S. Congress passed the Permanent Internet Tax Freedom Act bill by a 30 to 4 vote, moving it forward to be considered by the House of Representatives. The Permanent Internet Tax Freedom Act bill seeks to modify the Internet Tax Freedom Act by...

 

HTMLSCOTUS Limits Recess Appointment Power
McDonald Hopkins LLC;
Legal Alert/Article
July 4, 2014, previously published on June 27, 2014
In a unanimous decision, the Supreme Court on Thursday limited the president's power to make recess appointments for vacancies in the executive branch. The case, National Labor Relations Board v. Noel Canning et al., specifically related to three recess appointments Obama made in 2012 to the NLRB...

 

HTMLThad Cochran’s Stunning Comeback Win
McDonald Hopkins LLC;
Legal Alert/Article
July 4, 2014, previously published on June 27, 2014
Senator Thad Cochran (R-MS) won a stunning comeback victory in his runoff against Tea Party backed State Senator Chris McDaniel (R-MS) on Tuesday night. Many pundits had written off the six-term lawmaker after he finished behind McDaniel in the June 3rd primary.

 

HTMLBoehner Intends to Sue President Obama
McDonald Hopkins LLC;
Legal Alert/Article
July 4, 2014, previously published on June 27, 2014
On Wednesday, House Speaker John Boehner (R-OH) told reporters he intends to file a lawsuit against President Obama and his administration over the White House's use of executive actions.

 

HTMLKentucky: Governor Signs Small Business Tax Credit Law
McDonald Hopkins LLC;
Legal Alert/Article
July 4, 2014, previously published on June 26, 2014
Kentucky Gov. Beshear signed H.B. 301, a law designed to help make it easier for Kentucky small businesses to receive nonrefundable tax credits from the Small Business Tax Credit Program (the Program). Some of the main changes are measuring new job positions in a more flexible manner. The time at...

 


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