Tax Exemptions

Byline: Trip Jennings Deming Democratic Sen. John Arthur Smith often compares New Mexico's gross-receipts tax to Swiss cheese. He is referring to all the tax breaks -- exemptions, deductions and credits -- that...

Despite repeated SCAF assurances that it will hand full control to the new civilian leaders, the parliament and a new president are expected to face a fierce power struggle. The SCAF has already...

There's a thin line between love and hate, at least when it comes to Washington County's Transportation Development Tax. Recently, the TDT - a system development charge assessed to businesses when they change...

NEWARK, N.J. -- McCarter & English LLP has elected nine new partners in its offices in Newark, Boston, Hartford and Wilmington, effective as of January 1, 2012. The new partners practice in a...

NEW YORK -- Fitch Ratings has assigned an 'AA-' rating to the South Carolina Public Service Authority's (Santee Cooper) $118,945,000 2012D tax-exempt forward delivery refunding bonds. Bond proceeds will be used to refinance...

NEW YORK -- HOVENSA L.L.C. announced that it will shut down its refinery operations and expects to tender for 100% of the outstanding $356 million tax-exempt bonds maturing in 2021 and 2022 at...

[ILLUSTRATION OMITTED] The Real Estate Board of New York was successful in achieving many of the goals established in its 2011 agenda, in spite of increasing government dysfunction on the federal level and...

(Also 26 CFR 1.414(1)-1, 1.933-1, 1.501(a)-1, and 301.7805-1.) Qualified Pension, Profit-Sharing, and Stock Bonus Plans; Exemption from Tax on Corporations, Certain Trusts, Etc. I. PURPOSE This notice extends and expands the transition relief...

Certain Filing Changes for Tax-Exempt Organizations This notice notifies tax-exempt organizations (organizations) that the IRS Modernized eFile (MeF) system will not be available from January 1, 2012 through February 29, 2012 for electronic...

When a wife's father said that a $15,000 payment was for "y'all," he made a joint gift to the couple, despite his later testimony that he intended only to help his daughter, a...

Section 1274.-Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property (Also Sections 42, 280G, 382, 412, 467, 468, 482, 483, 642, 807, 846, 1288, 7520, 7872.) Federal rates;...

NEW YORK -- Fitch Ratings has withdrawn the 'BB' ratings on $389.4 million of outstanding debt as follows: Indiantown Cogeneration L.P. (ICLP) and Indiantown Cogeneration Funding Corp (as co-issuers): --$264.4 million taxable first...

Current Refundings of Tax-Exempt Bonds in Certain Disaster Relief Bond Programs SECTION 1. PURPOSE This notice provides guidance on "current refunding issues" (as defined in § 1.150- 1(d)(3)) that refund outstanding prior issues...

Transaction Advisory and Due Diligence Group Gains Experienced Multifamily Development Professional BOSTON -- Recap Real Estate Advisors (Recap), one of the nation's recognized experts in the finance, restructuring, and asset management of multifamily...

AUSTIN, Texas -- Fitch Ratings assigns an 'AA' rating to the following city of Tucson, AZ's (the city) revenue obligations: --Approximately $39.7 million water system revenue refunding bonds, tax-exempt series 2012A; --Approximately $14.6...

Preservation Development Partners, a joint venture of developers Donald Capoccia, Joseph Ferrara, Brandon Baron, Francine Kellman and Brian Raddock, announced the acquisition and planned rehabilitation of East River Apartments, a 179-unit multifamily apartment...

NEW YORK -- Fitch Ratings has assigned an 'AA-' rating to the South Carolina Public Service Authority's (Santee Cooper) $235,665,000 2012 tax-exempt refunding series A, 2012 tax-exempt forward delivery series B and taxable...

TABLE OF CONTENTS SECTION 1. WHAT IS THE PURPOSE OF THIS REVENUE PROCEDURE? .............................................. 262 .01 Description of terms used in this revenue procedure .............................................................. 262 .02 Updated annually ............................................................................................ 263 SECTION 2....

SECTION 1. PURPOSE AND SCOPE The purpose of this revenue procedure is to set forth updated procedures of the Internal Revenue Service (the "Service") with respect to issuing rulings and determination letters on...