Searching Content indexed under Property Taxes by McDermott Will & Emery ordered by Published Date Descending.
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Free Parking Only Exists In Monopoly: New IRS Guidance Makes Employer-Provided Parking More Costly And Burdensome Than You Think
As part of its comprehensive 2017 tax reform bill, Congress repealed deductions for Qualified Transportation Fringes including for employer-provided parking, while also requiring that tax-exempt organizations ...
United States
2 Jan 2019
Finishing SALT: March State Focus & February Wrap-Up
On January 19, a New York qui tam complaint was unsealed. This was unremarkable in and of itself, as there are many qui tam complaints progressing through the courts.
United States
8 Mar 2018
SALT Implications Of The House And Senate Tax Reform Bill
Many provisions of the House and Senate tax reform proposals would affect state and local tax regimes.
United States
15 Nov 2017
State And Local Tax Aspects Of Republican Tax Reform Framework
The White House and Republican congressional leadership released an outline this week to guide forthcoming legislation on federal tax reform.
United States
6 Oct 2017
New Italian Rules Allowing Direct Lending And Purchasing Of Claims By EU Alternative Investment Funds
Law Decree 14 February 2016, No. 18 (as converted by Law 8 April 2016, No. 49) expressly allows EU Alternative Investment Funds to carry out, under certain conditions, direct lending...
25 Aug 2017
IRS Issues Regulations Related To CFC Loans
The IRS has just released final regulations regarding the treatment of United States property held by a CFC in connection with certain transactions involving partnerships.
United States
10 Nov 2016
Should I Register In South Dakota?
On March 22, 2016, South Dakota Governor Dennis Daugaard signed into law Senate Bill 106, which requires any person making more than $100,000 of South Dakota sales or more than 200 separate South Dakota sales transactions to collect and remit sales tax.
United States
22 Apr 2016
City Of Chicago Debt Relief Program – A Tax Amnesty Opportunity
Chicago's Department of Finance currently is offering an amnesty program called the Debt Relief Program (Program).
United States
10 Dec 2015
Taxpayers Stand To Lose Under Chicago's Lease Tax VDA Offer
Yesterday, the City of Chicago Department of Finance published an Information Bulletin that provides additional guidance on the Personal Property Lease Transaction Tax and extends a new Voluntary Disclosure Agreement offer to providers and customers.
United States
23 Nov 2015
Chicago Mayor's Tax-Heavy Budget Passes: Lease And Amusement Tax Implications
Last week the Chicago City Council approved Mayor Rahm Emanuel's 2016 revenue ordinance as part of his tax-laden budget proposal.
United States
5 Nov 2015
New Temporary Regulations Narrow The Application Of The Subpart F Active Rents And Royalties Exception
On September 2, 2015, the U.S. Department of the Treasury and the Internal Revenue Service issued Temporary Regulation § 1.954-2T.
United States
24 Sep 2015
Inside The New York Budget Bill: 30-Day Amendments
On Friday, February 20, 2015, Governor Andrew Cuomo’s office released the 30-Day Amendments to the 2015–2016 New York State Executive Budget Legislation.
United States
24 Feb 2015
New Repair Regulations Affect All Taxpayers
The Repair Regulations generally require taxpayers to capitalize all costs that "improve" their property and equipment.
United States
24 Jun 2014
Apply Now For New York State Economic Development Incentives
The application cycle for up to $750 million in New York economic development incentives is due soon.
United States
13 Jun 2014
Proposed Regulations Clarify Definition Of "Real Property" For Real Estate Investment Trusts
The Internal Revenue Service and U.S. Department of the Treasury issued proposed regulations under Section 856 of the Internal Revenue Code.
United States
23 May 2014
California Issues Guidance On Nonprofit Property Owners Hosting Solar
The California Board of Equalization in December 2013 issued guidance to advise nonprofit real-estate owners of the property tax consequences of hosting on their tax exempt properties solar generating equipment owned by for-profit renewable energy developers.
United States
22 Jan 2014
Groundbreaking Legislation On Property Tax And Sales Tax Exemptions For Illinois Hospitals
Illinois Governor Patrick Quinn just signed into law a comprehensive and groundbreaking legislative package.
United States
21 Jun 2012
Final FBAR Regulations Clarify Filing Obligations
The final FBAR regulations, effective on March 28, 2011, help to clarify the filing obligations of limited liability companies, trust beneficiaries and those holding signatory authority over foreign financial accounts.
United States
27 May 2011
Illinois Supreme Court Property Tax Decision Carries Implications for Charitable Organizations
Illinois hospitals, as well as other charitable organizations in and outside of Illinois, should consider the impact of the Illinois Supreme Court's decision upholding the Illinois Department of Revenue's determination that Provena Hospitals, an Illinois nonprofit corporation that owns and operates Provena Covenant Medical Center, was not entitled to a charitable or religious exemption from real property taxes.
United States
7 Apr 2010
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