In this article, we continue summarizing recent government guidanceannouncements with respect to the Patient Protection and Affordable Care Act of 2010 (Affordable Care Act).
The Hiring Incentives to Restore Employment (HIRE) Act was signed into law on March 19, 2010.
On March 18, 2010, President Barack H. Obama signed the federal Hiring Incentives to Restore Employment Act (HIRE Act) into law, which adds two new tax benefits for employers as an incentive to employ laid-off workers.
Key provisions of the approved HIRE Act include the extension of the increased Internal Revenue Code Section 179 expensing through 2010, the proposed addition of section 6431(f) for specified tax credit bonds, and incentives for companies that hire long-term unemployed workers.
New legislative provisions will come into force shortly in the British Virgin Islands relating to financial services, insurance business and financing and money services.
A Georgia state court judge recently preliminarily approved a $45 million settlement of a nationwide class action lawsuit concerning allegedly improper servicing of credit life and disability insurance policies in Toole v. JMIC Life Insurance Co., Georgia Super. Ct. Docket No. SU-03-CV-246 (filed 2003).