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States Designate Opportunity Zones

USA - May 22 2018 The Tax Cuts and Jobs Act of 2017 created a new economic development program that encourages long-term investments in low-income areas, so-called…

Kris J. Eimicke

Maine Tax Changes Following End of COVID-19 State of Emergency

USA - July 2 2021 On June 30, 2021, Maine Revenue Services (MRS) published a Tax Alert describing changes to COVID-19 tax relief programs following the end of Maine’s…

Jonathan A. Block, Kris J. Eimicke, Olga J. Goldberg

COVID-19: SBA Updates PPP Rule to Implement New Flexibility Provisions

USA - June 11 2020 On June 11, 2020, the Small Business Administration (SBA) released a revised interim final rule to implement changes made by the Paycheck Protection…

Kris J. Eimicke, Elizabeth M. Frazier, Christopher E. Howard

COVID-19: IRS Issues Guidance on Forgiven PPP Loans; Congress Reacts

USA - November 20 2020 In new guidance, the IRS clarified that a taxpayer that received a Paycheck Protection Program (PPP) loan may not deduct expenses if, at the end of…

Kris J. Eimicke, Christopher E. Howard

Renewable Energy Tax Credit Extensions

USA - December 22 2015 In a major victory for the renewable energy industry, Congress recently passed, and the President signed into law, two significant pieces of tax…

Kris J. Eimicke, Andrew O. Kaplan