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HTMLStates and Cities Use Tax Incentives to Drive Green Economy
David H. Godenswager, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on April 23, 2015
In 2010, Joseph Romm, a Senior Fellow at the Center for American Progress, testified before the House Ways and Means Committee and shared his findings about how certain provisions of the U.S. tax code inhibit cost-effective commercialization and deployment of clean, homegrown energy. Dr. Romm is...

 

HTMLMaine Governor Asks Lawmakers a Billion Dollar Question
David H. Godenswager, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on April 30, 2015
A semantically bold press release posted by the Office of Gov. LePage asks “The Billion Dollar Question: Will You Support Eliminating the State Income Tax?" The press release refers to a letter the governor recently sent to state lawmakers proposing a constitutional amendment to...

 

HTMLNew Jersey: Department of Taxation Issues Guidance on the Tax Treatment of Virtual Currency
David H. Godenswager, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on April 23, 2015
In March, the New Jersey Department of Taxation released Technical Advisory Memorandum (Memorandum) that addresses the tax treatment of transactions involving convertible virtual currency, such as Bitcoin and other cryptocurrencies. Last fall, we described how a different state, Missouri, handles...

 

HTMLSurvey Reveals That States' Tax Policies on Certain Technologies are Inconsistent
David H. Godenswager, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on April 30, 2015
On April 25, 2015, Bloomberg BNA released its 14th annual Survey of State Departments (Survey), aimed at “clarifying each state’s position on the gray areas of corporate income tax and sales and use tax administration, with an emphasis on nexus policies.” For state tax purposes,...

 

HTMLLast Chance to Take Tax Credit
David H. Godenswager, Mark D. Klimek; McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on April 24, 2015
The deadline of April 30 is fast approaching for employers to take advantage of the Work Opportunity Tax Credit (WOTC) for 2014. This credit is available to employers that hire individuals who are members of certain designated target groups, generally economically or physically disadvantaged...

 

HTMLHouse Passes Budget Deal and First Approps Bill
McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on May 1, 2015
By a vote of 226 to 197, the House approved the budget that it negotiated with the Senate. The budget calls for dramatic spending cuts, balances the budget in 10 years, and includes so-called reconciliation language that would gut the Affordable Care Act.

 

HTMLCity of Cleveland Strikes Out on Jock Tax
David H. Godenswager, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on April 30, 2015
The Supreme Court of Ohio (the Court) today handed down its ruling in Hunter T. Hillenmeyer v. City of Cleveland Board of Review and declared the City of Cleveland’s method of taxing nonresident professional athletes to be unconstitutional. As we previously reported, the City of Cleveland...

 

HTMLThe Latest on Fast Track
McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on May 1, 2015
This week, Japanese Prime Minister Shinzo Abe came to D.C. and spoke before a Joint Session of Congress. His visit comes as the political fight over the Trans-Pacific Partnership (TPP) is heating up on Capitol Hill.

 

HTMLOhio: Governor's Efforts to Eliminate Income Tax are Not Going Well
David H. Godenswager, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on April 30, 2015
In several recent Plain Dealer articles, the paper has reported that many Ohio lawmakers are opposed to Gov. Kasich’s endeavor to eliminate personal income tax while offsetting the revenue loss by increasing other taxes.

 

HTMLEx-Im on Life Support?
McDonald Hopkins LLC;
Legal Alert/Article
May 5, 2015, previously published on May 1, 2015
House Majority Leader Kevin McCarthy said Tuesday he still believes the Export-Import Bank of the United States should be phased out, but on the question of whether that will happen, his answer was less certain.

 


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