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Dynamic Scoring For Major Legislation

The House of Representatives has approved a rule requiring the Joint Committee on Taxation and the Congressional Budget Office to use macroeconomic feedback effects into its revenue estimates when considering any “major” tax or mandatory spending legislation. This means that analysts will consider a wider impact on growth, employment, inflation, as well as the possible…

Senators Propose Twelve Cent Gas Tax Increase

Senators Chris Murphy (D-CT) and Bob Corker (R-TN) have proposed a 12 cent increase in the federal gas tax over the next two years. The federal gas tax, currently at 18.4 cents per gallon, has not been raised since 1993. The proposal would lead to a 12 cent per gallon increase that would be phased…

Massachusetts Issues Final Market Based Sourcing Regulations

In August 2013, the Massachusetts legislature passed a bill changing the state’s corporate income apportionment law effective January 1, 2014. The law sources sales, other than sales of tangible personal property, to Massachusetts if the market for the sale is in Massachusetts. In other words, the law sources certain sales to Massachusetts if the sale…

IRS Issues Final Regulations Regarding EO Hospitals

On December 29 the IRS issued final regulations on Affordable Care Act (“ACA”) provisions for charitable hospitals. Practitioners say the final regulations simplify and reduce the requirements that charitable hospitals must satisfy to retain their tax exempt status under the ACA. Under the ACA, tax exempt hospitals must conduct a community health needs assessment (“CHNA”)…

Joint Economic Committee Endorses Permanent R&D Tax Credit

Last week the U.S. Congress Joint Economic Committee published a report urging for a permanent extension of the R&D tax credit. The Credit, enacted in 1981, has not been made permanent and continues to be extended on a short term basis, leading to constant uncertainty. The report points out that the Country’s research and development…
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aNlogo-footer3@2x

Washington D.C.
Willard Office Building, Suite 300 1455 Pennsylvania Ave.
Washington, D.C. 20004
202.888.7006

© 2024 alliantNational. - All Rights Reserved.

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