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HTMLCalifornia: Regulators Seek Feedback for Possible Taxation Of Space Transportation Activities
McDonald Hopkins LLC;
Legal Alert/Article
April 26, 2016, previously published on March 31, 2016
Last March, the California Franchise Tax Board authorized its staff to hold interested party meetings to discuss the regulation of apportionment and allocation of income derived from space transportation activities. This includes the transportation of people or cargo into and from space.

 

HTMLPennsylvania: Court Allows Untimely Tax Appeal
McDonald Hopkins LLC;
Legal Alert/Article
April 19, 2016, previously published on March 24, 2016
In the case Croft v. Board of Property Assessment, the Commonwealth Court of Pennsylvania, an appellate court that primarily handles cases involving state and local governments and regulatory agencies, overturned a 2014 decision of the Board of Property Assessment, Appeals and Review. The board,...

 

HTMLVirginia and Indiana: Governors Sign Laws Regulating Daily Fantasy Sports
McDonald Hopkins LLC;
Legal Alert/Article
April 19, 2016, previously published on April 7, 2016
March was a big month for the legalization of daily fantasy sports (DFS). On March 7, 2016, Virginia’s Gov. Terry McAuliffe signed HB 775, the Fantasy Contests Act, which, among other things, defines “fantasy contests,” and specifically states that they are not illegal gambling.

 

HTMLFlorida: Lawmakers Seek Voter Approval for Several Constitutional Amendments
McDonald Hopkins LLC;
Legal Alert/Article
April 19, 2016, previously published on March 24, 2016
Three joint resolutions addressing ad valorem tax exemptions, put forward by three different committees, have made their way through Florida’s legislature and were filed with the secretary of state this month.

 

HTMLColorado: Law Requiring $5,000 Surety Bond for Marijuana Sellers Repealed
McDonald Hopkins LLC;
Legal Alert/Article
April 19, 2016, previously published on March 24, 2016
Two weeks ago, Gov. John Hickenlooper signed HB 16-1041 into law, thus eliminating the requirement that medical and retail marijuana establishments post a $5,000 surety bond before receiving or renewing their state-issued and mandated licenses. The reason for the repeal is that lawmakers thought...

 

HTMLTreasury Releases New Rules on Inversions
McDonald Hopkins LLC;
Legal Alert/Article
April 18, 2016, previously published on April 8, 2016
After the release of documents, called the Panama Papers, which revealed secret tax evasion, money laundering and evasion of sanctions violations by several high profile individuals worldwide, President Obama’s Treasury Department issued new rules aimed at cracking down on corporate tax...

 

HTMLWho will lead the RNC?
McDonald Hopkins LLC;
Legal Alert/Article
April 18, 2016, previously published on April 1, 2016
While all eyes are on the race for the Republican nomination for president, there is another race happening that is largely avoiding the media circus that has been the hallmark of the presidential race - namely, the race to succeed Republican National Committee Chairman Reince Priebus.

 

HTMLGrowth in Internet Commerce Causing States to Work around the Supreme Court
McDonald Hopkins LLC;
Legal Alert/Article
April 18, 2016, previously published on April 7, 2016
May 26, 2016, marks the 24-year anniversary of the United States Supreme Court’s decision in Quill v. North Dakota that precluded states from requiring out-of-state retailers to collect and remit sales taxes on in-state sales. Quill does not prevent states from lodging a sales tax. But, it...

 

HTMLConservatives Want To Kill the Lame Duck
McDonald Hopkins LLC;
Legal Alert/Article
April 18, 2016, previously published on April 1, 2016
The honeymoon for Paul Ryan is over - in a big way. Not only are the conservatives and libertarians who make up the House Freedom Caucus making it basically impossible to get a budget done, they are now demanding that there be no post-election "lame duck" session.

 

HTMLSenate FAA Update
McDonald Hopkins LLC;
Legal Alert/Article
April 18, 2016, previously published on April 8, 2016
On Wednesday, the Senate voted 98 to 0 to begin debate on a watered down reauthorization of the Federal Aviation Administration. The current authorization expires on July 15 of this year and the Senate reauthorization would extend that through the fiscal year 2017.

 


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