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Results: 1-10 of 47

Virginia Supreme Court overturns new grantor’s tax, but relief may only be temporary

  • Pillsbury Winthrop Shaw Pittman LLP
  • -
  • USA
  • -
  • March 11 2008

On February 29, the Supreme Court of Virginia ruled that legislation authorizing the Northern Virginia Transportation Authority (NVTA) to impose the “Congestion Relief Fee” and other taxes and fees (“Transportation Taxes”) violated the Commonwealth’s Constitution

Government relations update

  • Leonard, Street and Deinard
  • -
  • USA
  • -
  • April 28 2008

The end of session is less than a month away and leadership is still at a budget crossroads

Pennsylvania Commonwealth Court upholds its apportionment policy decision in FedEx Ground Package System, Inc. v. Commonwealth

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 30 2007

In a 2006 decision, the Pennsylvania Commonwealth Court agreed with Reed Smith's arguments, and rejected the Department of Revenue’s policyreaffirming the principle that the numerator of an apportionment factor must reflect only in-state activity

Polar Tankers is reversed by the US Supreme Court but key questions remain unanswered

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • June 17 2009

On June 15, 2009, the U.S. Supreme Court issued its decision in Polar Tankers, Inc. v. City of Valdez, Alaska

LA alternative fuel credit

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • January 6 2013

The Louisiana Department of Revenue issued a final rule December 27 providing an income tax credit for 50 percent of the cost of qualified clean-burning

IRS issues action on decision and nonacquiescence to the Fifth Circuit Court of Appeals recent decision in Tidewater, Inc. and subsidiaries

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • August 3 2010

In Tidewater, Inc and Subsidiaries v US, 565 F3d 299 (4132009), the Fifth Circuit affirmed the District Court's determination in a tax refund suit, reported at 100 AFTR2d 2007-6360 (DC LA 2007), which granted controlled groupoceangoing vessel owner-operators' refund of an overpayment of tax attributable to its claim that it could deduct, under the former foreign sales corporation provision, commissions paid to a foreign sales corporation on the portion of income allocated to the leasing component of time chartersmixed lease-service agreements

Shorter depreciable life for offshore support vessels

  • Gardere Wynne Sewell LLP
  • -
  • USA
  • -
  • February 3 2010

On Jan.13, the IRS released a Technical Advice Memorandum (TAM 201001018) that will be of interest to clients owning vessels that support offshore oil and gas operations

Texas House will review, could repeal, sales tax exemptions for ships, ship equipment

  • Gardere Wynne Sewell LLP
  • -
  • USA
  • -
  • February 8 2010

On Feb. 10, 2010, the Texas House of Representatives' Committee on Ways and Means will hold a hearing to review several existing sales tax exemptions, including an important one for certain ships and ship equipment

The D.C. update

  • Locke Lord LLP
  • -
  • USA
  • -
  • June 30 2010

Sen. Robert Byrd (D-W.Va.) passed away Monday, June 28, after a serious illness

City ALJ rules dock rents subject to commercial rent tax

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • July 1 2011

A New York City Administrative Law Judge has ruled that a cruise ship operator’s payments to dock its boats at Chelsea Piers in Manhattan are subject to New York City commercial rent tax