He is co-author of a chapter entitled,
Federal and State Tax Issues for Energy Companies: A Case Study, in a book entitled, Energy and Environmental Trading: U.S. Law and Taxation (1st Ed.
Mark L. Astling is a member of the firm's Tax and Business & Finance sections and advises on a variety of corporate and individual
federal and state tax issues.
He advises clients on
federal and state tax issues, including business formations, equity compensation, mergers and acquisitions, debt and equity offerings, tax accounting, and other tax planning matters.
Astling is a member of the firm's Business & Finance section where he advises a spectrum of corporate and individual clients on
federal and state tax issues.
Not exact matches
While last week's budget vote cleared the way to begin the
tax reform effort, 20 Republicans voted against it, citing
issues with the elimination of
state and local
tax deductions
and a massive expansion of the
federal deficit.
Tax exemptions In general, the interest you earn from your tax - exempt municipal securities is exempt from federal income tax and in some cases, state or local income tax, depending on whether you are a resident of the state that issued the bo
Tax exemptions In general, the interest you earn from your
tax - exempt municipal securities is exempt from federal income tax and in some cases, state or local income tax, depending on whether you are a resident of the state that issued the bo
tax - exempt municipal securities is exempt from
federal income
tax and in some cases, state or local income tax, depending on whether you are a resident of the state that issued the bo
tax and in some cases,
state or local income
tax, depending on whether you are a resident of the state that issued the bo
tax, depending on whether you are a resident of the
state that
issued the bond.
When shares of Capital Stock are to be
issued upon the exercise, grant or vesting of an Incentive Award, Google shall have the authority to withhold a number of such shares having a Fair Market Value at the date of the applicable taxable event determined by the Committee to be sufficient to satisfy the minimum
federal,
state and local withholding
tax requirements, if any, attributable to such exercise, grant or vesting but not greater than the minimum withholding obligations, as determined by Google in its sole discretion.
debt obligations of the U.S. government that are
issued at various intervals
and with various maturities; revenue from these bonds is used to raise capital
and / or refund outstanding debt; since Treasury securities are backed by the full faith
and credit of the U.S. government, they are generally considered to be free from credit risk
and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from
state and local
tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Aucti
tax, but is subject to
federal taxes and may be subject to the
federal Alternative Minimum
Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Aucti
Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS),
and Treasury Auctions
«The Subsidy from
State and Local
Tax Deductibility: Trends, Methodological
Issues,
and Its Value after
Federal Tax Reform.»
In addition to providing a source of income
and diversification, the interest income on municipal bonds generally is exempt from
federal income
tax and may also be exempt from
state and local
taxes for residents in the
state where the bond is
issued.
Interest income generated by municipal bonds is generally not subject to
federal taxes,
and may be
tax - exempt at the
state and local level as well, if the bonds were
issued by the
state in which you live.
Generally, municipal bonds» interest payments are
tax - free on the
federal level
and if they're
issued by your
state, you won't have to pay
state taxes.
However, it is reasonably possible that certain
federal, foreign
and state tax issues may be concluded in the next 12 months, including
issues involving transfer pricing
and other matters.
This fact is important because debt
issued by New York, for a New York resident, is generally free from
federal,
state, local,
and federal alternative minimum
taxes.
These bonds are usually exempt from
federal taxes,
and may also be exempt from
state and local
taxes, especially if the investor lives in the
state where the bond is
issued.
Puerto Rican debt is «triple exempt» from
taxes: Bonds
issued by the territory's government are exempt from
state / territory - level, municipal,
and federal taxation.
Marriage
and domestic partner ship rights are not, however, only a
state issue, as in affects
federal taxes, inheritance, immigration rights,
and benefits for
federal workers
and the military.
CapTon's Kaitlyn Ross confirms the Bronx Democrat was asked —
and confirmed — that his
issue is indeed the provision that would allow gay couples married outside the
state to file their
state income
tax returns as a married couple, regardless of whether or not they can file their
federal returns in the same manner.
State Comptroller Tom DiNapoli
issued a report that finds New York residents «stand to lose more than $ 72 billion in reported deductions for income
and property
taxes» if the proposals to change the
federal tax code are approved.
In addition, the Oneidas could put 25,000 acres of land into
tax - exempt
federal trust,
and the
state and counties would drop all litigation on Oneida nation land
and tax issues.
Governor Cuomo, responding to the end to
state and local
tax deductions in the
federal tax law, has
issued an emergency order to allow New Yorkers who owe more than $ 10,000 in property
taxes each year to pay them early to get around the new law.
The governor also plans to preview legislation that would provide
tax relief to property owners, a key
issue in light of the
federal move to reduce
state and local property
tax deductions.
State Comptroller Thomas DiNapoli today
issued his own mid-year summary, accompanied by a press release citing the «triple threat of budgetary risks» posed by «projected budget gaps, weaker than expected personal income
tax collections
and cuts to
federal programs.»
The Institute on Taxation
and Economic Policy is a non-profit, non-partisan think tank that works on
state and federal tax policy
issues.
DiNapoli is taking
issue with one proposal that would either repeal or limit the
federal tax exemption for specific types of
state and local bonds.
«I believe that it is important that the Treasury
and the IRS
issue guidance or a formal opinion letter whether taxpayer contributions to
state authorized trust funds, partially reimbursed by credits reducing
state and local income
taxes, will be considered deductible for
federal tax purposes,» Faso wrote in the letter.
It expressed worry that Sylva could not differentiate between the policies of the
Federal Government
and those of the
state government especially on
issues of
tax and taxation.
Letter from AAAS CEO Rush Holt to Deputy Attorney General Rod Rosenstein Regarding Fingerprint Reporting Guidelines [March 28, 2018] AAAS Statement on FY 2018 Omnibus Bill Funds for Scientific Research [March 23, 2018] AAAS Statement on FY 2018 Omnibus Funding Bill [March 22, 2018] AAAS CEO Rush Holt Statement on Death of Rep. Louise Slaughter [March 16, 2018] AAAS CEO Urges U.S. President
and Congress to Lift Funding Restrictions on Gun Violence Research [March 13, 2018] AAAS Statements on Elections
and Paper Ballots [March 9, 2018] AAAS Statement on President's 2019 Budget Plan [February 12, 2018] AAAS Statement on FY 2018 Budget Deal
and Continuing Resolution [February 9, 2018] AAAS Statement on President Trump's
State of the Union Address [January 30, 2018] AAAS Statement on Continuing Resolution Urges FY 2018 Final Omnibus Bill [January 22, 2018] AAAS Statement on U.S. Government Shutdown [January 20, 2018] Community Statement to OMB on Science
and Government [December 19, 2017] AAAS CEO Response to Media Report on Use of «Science - Based» at CDC [December 15, 2017] Letter from AAAS
and the American Physical Society to Iranian President Hassan Rouhani Regarding Scientist Ahmadreza Djalali [December 15, 2017] Multisociety Letter Conference Graduate Student
Tax Provisions [December 7, 2017] Multisociety Letter Presses Senate to Preserve Higher Education
Tax Benefits [November 29, 2017] AAAS Multisociety Letter on
Tax Reform [November 15, 2017] AAAS Letter to U.S. House of Representatives Ways
and Means Committee on
Tax Cuts
and Jobs Act (H.R. 1)[November 7, 2017] AAAS Statement on Release of National Climate Assessment Report [November 3, 2017] AAAS Statement on EPA Science Adviser Boards [October 31, 2017] AAAS Statement on EPA Restricting Scientist Communication of Research Results [October 25, 2017] Statement of the Board of Directors of the American Association for the Advancement of Science on Scientific Freedom
and Responsibility [October 18, 2017] Scientific Societies» Letter on President Trump's Visa
and Immigration Proclamation [October 17, 2017] AAAS Statement on U.S. Withdrawal from UNESCO [October 12, 2017] AAAS Statement on White House Proclamation on Immigration
and Visas [September 25, 2017] AAAS Statement from CEO Rush Holt on ARPA - E Reauthorization Act [September 8, 2017] AAAS Speaks Out Against Trump Administration Halt of Young Immigrant Program [September 6, 2017] AAAS Statement on Trump Administration Disbanding National Climate Assessment Advisory Committee [August 22, 2017] AAAS CEO Rush Holt
Issues Statement On Death of Former Rep. Vern Ehlers [August 17, 2017] AAAS CEO Rush Holt
and 15 Other Science Society Leaders Request Climate Science Meeting with EPA Administrator Scott Pruitt [July 31, 2017] AAAS Encourages Congressional Appropriators to Invest in Research
and Innovation [July 25, 2017] AAAS CEO Urges Secretary of
State to Fill Post of Science
and Technology Adviser [July 13, 2017] AAAS
and ESA Urge Trump Administration to Protect Monuments [July 7, 2017] AAAS Statement on House Appropriations Bill for the Department of Energy [June 28, 2017] Scientific Organizations Statement on Science
and Government [June 27, 2017] AAAS Statement on White House Executive Order on Cuba Relations [June 16, 2017] AAAS Statement on Paris Agreement on Climate Change [June 1, 2017] AAAS Statement from CEO Rush Holt on Fiscal Year 2018 Budget Proposal [May 23, 2017] AAAS thanks the Congress for prioritizing research
and development funding in the FY 2017 omnibus appropriations [May 9, 2017] AAAS Statement on Dismissal of Scientists on EPA Scientific Advisory Board [May 8, 2017] AAAS CEO Rush Holt Statement on FY 2017 Appropriations [May 1, 2017] AAAS CEO Statement on Executive Order on Climate Change [March 28, 2017] AAAS leads an intersociety letter on the HONEST Act [March 28, 2017] President's Budget Plan Would Cripple Science
and Technology, AAAS Says [March 16, 2017] AAAS Responds to New Immigration Executive Order [March 6, 2017] AAAS CEO Responds to Trump Immigration
and Visa Order [January 28, 2017] AAAS CEO Rush Holt Statement on
Federal Scientists
and Public Communication [January 24, 2017] AAAS thanks leaders of the American Innovation
and Competitiveness Act [December 21, 2016] AAAS CEO Rush Holt raises concern over President - Elect Donald Trump's EPA Director Selection [December 15, 2016] AAAS CEO Rush Holt Statement Following the House Passage of 21st Century Cures Act [December 2, 2016] Letter from U.S. scientific, engineering,
and higher education community leaders to President - elect Trump's transition team [November 23, 2016] Letter from AAAS CEO Rush Holt to Senate Leaders
and Letter to House Leaders to pass a FY 2017 Omnibus Spending Bill [November 15, 2016] AAAS reaffirms the reality of human - caused climate change [June 28, 2016]
The Parkway's development costs were funded through PPA -
issued tax - exempt revenue bonds ($ 354M), a
State Infrastructure Bank (SIB) loan ($ 18M),
and Federal funding for roadway design ($ 9M).
The Parkway's total development costs were funded through
tax - exempt revenue bonds ($ 354 million)
issued by PPA, a
State Infrastructure Bank loan ($ 18 million)
and Federal funding for roadway design ($ 9 million).
The somewhat high sticker price of $ 38,825 is mitigated by
federal and state tax rebates that can bring the cost down to as low as $ 33,157, depending on what
state you live in, which is about the same price as a TDI... though those have
issues of their own.
Interest income generated by Treasury bonds
and certain securities
issued by U.S. territories, possessions, agencies,
and instrumentalities is generally exempt from
state income
tax but is generally subject to
federal income
and alternative minimum
taxes and may be subject to
state alternative minimum
taxes.
Income from bonds
issued by the
federal government
and its agencies, including Treasury securities, is generally exempt from
state and local
taxes.
Income from bonds
issued by
state, city,
and local governments (municipal bonds, or munis) is generally free from
federal taxes.
Notably, interest received from munis is generally exempt from
federal and, in many cases, may be exempt from
state,
and local income
taxes, assuming the investor purchases bonds
issued by his or her home
state.
Interest income from these bonds is not subject to
federal income
taxes,
and if you live in the muni's
issuing state, the bond's interest income is also exempt from
state and local
taxes.
The income muni bonds generate is not subject to
federal income
taxes and may not be subject to
state and local
taxes, depending on who
issues the bond
and where the investor lives.
Interest gained from municipal bonds is exempt from
federal income
tax,
and state income
tax if you reside in the
state where the bond was
issued.
In addition, if you purchase a zero coupon bond
issued by a
state or local government entity, the interest compounds free of
federal taxes,
and in most cases,
state and local
taxes, too.
In some cases, an
issue can be triple
tax exempt —
federal,
state,
and city.
The
tax tables
issued by the
federal government
and many
state governments determine what amount of
tax you owe based on your net income after deductions
and exemptions.
The income from such bonds is generally free from
federal taxes and from
state taxes in the
issuing state.
The S&P Municipal Yield Index is designed to measure the performance of high yield municipal bonds
issued by U.S.
states, The District of Columbia, U.S. territories
and local governments or agencies, such that interest on the securities is exempt from regular
federal income
tax, but may be subject to the alternative minimum
tax and to
state and local income
taxes.
Interest from municipal bonds is generally exempt from
federal income
taxes,
and, in most cases,
state and / or local income
taxes, so long as the investor resides in the
state that
issued the bond.
These bonds tend to be exempt from
federal income
tax and, in some cases, from
state and local
taxes for investors who live in the jurisdiction where the bond is
issued.
Municipal bonds are
issued by
state and local governments
and are generally free of
federal income
tax.
Municipal bonds are also often free from
Federal taxes because they are
issued by local
and state municipalities for infrastructure projects.
Municipal bond funds are attractive because they pay a stream of income free from
federal tax and, in most cases,
state taxes for residents of the
issuing state.
You generally do not owe
federal income
tax on the interest you get from them,
and if the bond was
issued inside your own
state you generally do not owe
state income
taxes either.
Interest income generated by U.S. Treasury bonds
and certain securities
issued by possessions, agencies,
and instrumentalities is generally exempt from
state income
tax but is generally subject to
federal income
and alternative minimum
taxes and may be subject to
state alternative minimum
taxes