Sentences with phrase «provision under the tax law»

Although the Daniels case doesn't pertain to sexual harassment, business owners should be aware of a new provision under the tax law that limits firms» ability to deduct settlements related to sexual harassment or abuse.

Not exact matches

No taxing authority is asserting or threatening to assert a claim against the Company under or as a result of Section 482 of the Code or any similar provision of any foreign, state or local Tax law.

Under CBO's Alternative Fiscal Scenario — which assumes many of the 2017 tax law's expiring provisions and other temporary tax cuts are made permanent, the recent spending deal is extended so that most discretionary spending grows with inflation, and emergency funding for disasters is kept in line with its historical average — deficits will exceed the two - trillion dollar mark by 2028.

Notwithstanding any of the provisions of the Constitution, the Association shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from Federal income tax under Section 501 (c) 3 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) or (b) by a corporation, contributions to which are deductible under Section 170 (c) 2 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law).

The paltry payout of the Child Tax Credit to low - income families occurs despite the benefit being partially refundable under a provision of the law called the Additional Child Tax Credit.

32 The New Hampshire Supreme Court likewise rejected the standing of petitioners challenging the state's scholarship tax credit law, ruling that they could not demonstrate any harm.33 The following year, citing the decisions in Arizona and New Hampshire, the Alabama Supreme Court also held that a «tax credit to a parent or a corporation... can not be construed as an «appropriation»» but rather such funds retain their status as private funds until they enter the public treasury.34 That view seems to be the prevailing one in courts, so with the possible exception of Michigan, where the state constitution explicitly prohibits tax benefits for religious education, tax credits should survive scrutiny under such provisions.

While Arizona's tax - credit programs were fully vindicated by both the Arizona and U.S. Supreme courts, 10 the voucher programs were declared unconstitutional by the Arizona Supreme Court in Cain v. Horne under a provision of the state constitution that prohibits appropriations of public funds «in aid of» private and sectarian schools.11 In the wake of Cain v. Horne, the legislature passed Lexie's Law, 12 a corporately funded scholarship - tax - credit program to help fund private school scholarships for children with disabilities.

The Florida public - school establishment is suing to repeal the Sunshine State's 13 - year - old school - choice tax credit and its new education savings accounts under the state's Blaine Amendment and its «uniformity clause,» which mandates that «Adequate provision shall be made by law for a uniform, efficient, safe, secure, and high quality system of free public schools...» The Florida Supreme Court previously struck down the state's voucher program under this provision in Bush v. Holmes (2006), on the grounds that the vouchers «divert [ed] public dollars» from «the sole means set out in the Constitution for the state to provide for the education of Florida's children.»

Under the backup withholding provisions of Section 3406 of the Code, distributions of taxable net investment income and net capital gain and proceeds from the redemption or exchange of the shares of a regulated investment company may be subject to withholding of federal income tax in the case of non-exempt shareholders who fail to furnish the investment company with their taxpayer identification numbers and with required certifications regarding their status under the federal income tax law, or if the Fund is notified by the IRS or a broker that withholding is required due to an incorrect TIN or a previous failure to report taxable interest or dividUnder the backup withholding provisions of Section 3406 of the Code, distributions of taxable net investment income and net capital gain and proceeds from the redemption or exchange of the shares of a regulated investment company may be subject to withholding of federal income tax in the case of non-exempt shareholders who fail to furnish the investment company with their taxpayer identification numbers and with required certifications regarding their status under the federal income tax law, or if the Fund is notified by the IRS or a broker that withholding is required due to an incorrect TIN or a previous failure to report taxable interest or dividunder the federal income tax law, or if the Fund is notified by the IRS or a broker that withholding is required due to an incorrect TIN or a previous failure to report taxable interest or dividends.

More importantly, from an estate tax perspective, the estate would very much want to avoid New York's burdensome estate tax and to benefit from the laws of California, which hasn't had a state estate tax for those domiciled there since Jan. 1, 2005, when it was phased out under the provisions of the Economic Growth and Tax Relief Reconciliation Atax perspective, the estate would very much want to avoid New York's burdensome estate tax and to benefit from the laws of California, which hasn't had a state estate tax for those domiciled there since Jan. 1, 2005, when it was phased out under the provisions of the Economic Growth and Tax Relief Reconciliation Atax and to benefit from the laws of California, which hasn't had a state estate tax for those domiciled there since Jan. 1, 2005, when it was phased out under the provisions of the Economic Growth and Tax Relief Reconciliation Atax for those domiciled there since Jan. 1, 2005, when it was phased out under the provisions of the Economic Growth and Tax Relief Reconciliation ATax Relief Reconciliation Act.

A case commonly cited on this issue is British Columbia v Henfrey Samson Belair Ltd. (1989), 59 DLR (4th) 726 (SCC)(«Samson»), where the Court determined that if the property deemed to be in trust by the province under the Social Service Tax Act (RSBC 1979, c 388) formed a true trust at common law, then the property would be exempt from distribution, thereby affirming the provision in the BIA.

This is because the Income Tax Act, 1961 is the law that governs the provisions for our income tax in India and Sections 80C & 10 (10D) under this act allows tax deductions toward life insurance producTax Act, 1961 is the law that governs the provisions for our income tax in India and Sections 80C & 10 (10D) under this act allows tax deductions toward life insurance productax in India and Sections 80C & 10 (10D) under this act allows tax deductions toward life insurance productax deductions toward life insurance products.

You acknowledge and agree that the provision of counselling services to Clients under these Terms constitutes a contract for the provision of services and not a contract of employment and accordingly you shall be fully responsible for and shall indemnify us for and in respect of any income tax, Value Added Tax, Insurance and any other liability, deduction, contribution, assessment or claim arising from or made in connection with the provision of your counselling services, where the recovery is not prohibited by ltax, Value Added Tax, Insurance and any other liability, deduction, contribution, assessment or claim arising from or made in connection with the provision of your counselling services, where the recovery is not prohibited by lTax, Insurance and any other liability, deduction, contribution, assessment or claim arising from or made in connection with the provision of your counselling services, where the recovery is not prohibited by law.

NAWL and its local caucuses have lobbied on such matters as human rights, family law, tax law, pornography, reproductive choice, the sexual assault provisions in the Criminal Code and equality provisions under the Canadian Charter of Rights and Freedoms.

Based on the Congressional Budget Office forecast of inflation, income growth, and 10 - year Treasury rates, coupled with the expiration of many of the provisions, most middle class families would see their modest tax cuts transform to tax increases under the plan compared to current law after five or eight years.