Sentences with phrase «provisions in the tax laws»

As an added benefit, regulated utilities are exempt from a provision in the tax law that places a cap on the tax deductibility of interest expense.

In addition to the new charitable funds, New York is decoupling provisions in its tax law from the federal revenue code — moves that have broad, bipartisan support and would have resulted in a «stealth tax» to New Yorkers.

For higher - income couples, the disparities are even more egregious, making bracket structure one of the biggest marriage penalty provisions in the tax laws.

There appear to be no likely imminent changes for section 3508, the provision in the tax law that provides qualified real estate agents (among others) with a statutory classification as independent contractors.

The Conduit - Principle relates to Tax Law that allows for a unique way of applying Income Tax to Taxable Income generated in a Trust, whereby such Taxable Income can taxed in the Trust, or in the hands of the Beneficiaries — the ability to choose is subject to a myriad of anti-avoidance provisions in Tax Law, therefore only the most experienced Trust Specialists can take advantage of this effectively.

Not exact matches

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personntax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personntax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnTax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

The reason comes down to a change in the Republican tax law having do to with the so - called SALT provision.

The Company has maintained documentation (including any applicable transfer pricing studies) in connection with such related party transactions in accordance with Sections 482 and 6662 of the Code and the Treasury Regulations promulgated thereunder and any comparable provision of any Tax law.

(m) Except as otherwise set forth in Schedule 2.20 (m) of the Disclosure Schedule, all related party transactions involving the Company are at arm's length in compliance with Section 482 of the Code and the Treasury Regulations promulgated thereunder and any comparable provision of any Tax law.

Due to a provision in the new tax law, veterans won't be taxed on their discharged debt.

AT&T also said it would invest an additional $ 1 billion in the United States next year if Trump signed into law the provisions in the current House of Representatives tax bill.

Faced with the scheduled sunset of all provisions of the 2001 and 2003 Bush tax cuts and the 2009 stimulus act (as well as a number of other tax laws), and unable to agree on permanent changes, Congress temporarily extended many provisions in the (unpunctuated) Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 20tax cuts and the 2009 stimulus act (as well as a number of other tax laws), and unable to agree on permanent changes, Congress temporarily extended many provisions in the (unpunctuated) Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 20tax laws), and unable to agree on permanent changes, Congress temporarily extended many provisions in the (unpunctuated) Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 20Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010.

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.

The law contains several provisions favorable to businesses, including a cut in the corporate income - tax rate to 21 %, down from 35 %; the ability to write off qualified investments in new facilities right away, rather than over several years; and the potential for a 20 % income deduction for small - business owners who own companies via pass - through entities.

Several key provisions of the Tax Cuts and Jobs Act, which became law in December 2017, are expected to have a direct impact on the municipal bond market.

Using the home mortgage interest deduction as a case study, Hemel and Kyle Rozema, a postdoctoral fellow at the Northwestern - Pritzker School of Law, argue that labeling a tax provision as «progressive» or «regressive» should not be done in isolation.

«The government should admit that it was a mistake to have changed the law to take away the former provisions giving automatic council tax exemptions when properties are empty and require repairs to make them habitable in cases of flooding.»

It concludes with a full text of the tax cap provisions passed by the Legislature and signed into law by Governor Andrew Cuomo in June 2011.

Cuomo's budget also includes provisions to pass the Child Victims Act, and at least $ 1 billion in new fees and taxes — including on opioids, vaping products, and insurance companies that benefit from the federal tax law — to help close a $ 4.4 billion deficit.

Section 1 (1) of the Revenue Administration Act, 2015, Act 915 provides, «The Ghana Revenue Authority is responsible, through the Commissioner - General, for administering and giving effect to tax laws in accordance with the provisions of the Ghana Revenue Authority Act, 2009, (Act 791)».

He disclosed that he proposed changes to the tax laws would achieve the following specific objectives: increase and diversify Government revenue, simplify paying taxes and doing business, promote Micro, small and medium enterprises, protect most vulnerable persons in the society, and remove obsolete, ambiguous and contradictory provisions in the law.

Cuomo said New York would sue the Trump administration over a provision in the new law which caps a deduction for state and local taxes at $ 10,000, a change which will mean significantly higher taxes for many residents in high - tax states such as New York.

A Federal High Court in Lagos on Monday lifted its interim injunction restraining the Lagos State Government from enforcing the provisions of Hotel Occupancy and Restaurant Consumption Tax Law, 2015.

In addition, New Hampshire's scholarship tax - credit law includes an ESA - style provision that allows homeschoolers to spend scholarship funds on a variety of educational products and services similar to those permitted by the Arizona and Florida ESA laws.

The laws currently pass constitutional muster despite the presence of anti-aid provisions in state constitutions because the courts recognize that tax credits entail private money, not government revenue.

This approach has several advantages over vouchers funded out of the federal budget: no existing federal money expected by school districts would be affected; no state money would be involved, thus avoiding legal conflicts with constitutional provisions that bar the use of state and local money for religious schools in 37 states; and, as a pure federal initiative, state laws and tax codes would remain unaffected.

Florida's 650 charter schools could see as much as an extra $ 96.3 million coming their way in 2017 - 18, thanks to a controversial provision in a sweeping education bill Gov. Rick Scott signed into law that forces school districts to hand over some of their local tax dollars.

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.

Finally, we explore the constitutional challenges for parental choice programs in states with certain constitutional provisions and explain why tax - credit - funded educational choice laws have a perfect record of constitutionality at the U.S. Supreme Court and at every state supreme court that has addressed the matter thus far.

The Louisiana Supreme Court held that spending tax funds for secular educational services from teachers employed by private schools violated three provisions of the Louisiana Constitution: the prohibition against the enactment of any law respecting an establishment of religion and two Blaine Amendments subsequently repealed in 1973.

With all the property taxes I pay in Princeton, these two school systems fall far short of the provisions a child with dyslexia needs, and it's perfectly acceptable by the powers that be in New Jersey because of the lack of state education laws.

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 disabilitiein 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 disabilitiein 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 disabilitieIn 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.»

They also had a sunset provision, and plenty of those laws never got extended, says Mark Luscombe, principal analyst with Wolters Kluwer Tax & Accounting in Riverwoods, Illinois.

Proponents of H.R. 2492 fear that taxation of the amount forgiven will either discourage borrowers from using this beneficial repayment plan or prove to be an unexpected payment hardship in the future if borrowers using IBR are not aware of this tax law provision.

One of the most talked about changes in the new tax law is a provision that alters how deductions are treated.

The cost of the tax laws enacted during George W. Bush's administration is equal to roughly 2 percent of gross domestic product (GDP) in 2010, the year the provisions were fully phased in.

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 dividends.

The municipal bond market will likely see a reduction in supply in 2018 because of certain provisions in the new tax reform law.

There is a provision in Anna's Law that allows taxpayers to check off on their tax return to make a contribution to the Pet Population Control Fund which provides low cost spay / neuter.

You want to change one or more provisions of your existing Will due to events such as a marriage or divorce, the birth of a child, a move to another state, a significant change in financial status, a change in tax laws, or the death of a beneficiary.

At first sight, this seemed a done deal, given the CJEU's existing case - law holding dividend withholding taxes contrary to that provision in the event comparable domestic situations were exempted from such a tax, as cases like C ‑ 379 / 05 Amurta (from one Member State to another), [4] C ‑ 521 / 07 Commission v. Netherlands [5](from a Member State to EEA - countries [6]-RRB-, C ‑ 190 / 12 Emerging Markets Series of DFA Investment Trust Company (from a Member State to third countries) show.

In fact, I craved this type of education back in law school, when I sat in the back of the class, forever asking questions about whether a particular practice was ethical or how this provision or that of the tax code impacted individual behavior (my efforts weren't well received; pretty soon, professors simply stopped calling on meIn fact, I craved this type of education back in law school, when I sat in the back of the class, forever asking questions about whether a particular practice was ethical or how this provision or that of the tax code impacted individual behavior (my efforts weren't well received; pretty soon, professors simply stopped calling on mein law school, when I sat in the back of the class, forever asking questions about whether a particular practice was ethical or how this provision or that of the tax code impacted individual behavior (my efforts weren't well received; pretty soon, professors simply stopped calling on mein the back of the class, forever asking questions about whether a particular practice was ethical or how this provision or that of the tax code impacted individual behavior (my efforts weren't well received; pretty soon, professors simply stopped calling on me).

As a conclusion, one can say that the CJEU did not only reply to the question raised by Advocate General Kokott whether «EU law require [s] the courts of the Member States to refrain from applying certain provisions of their national law on the limitation periods applicable to the prosecution of criminal offences in order to guarantee the effective punishment of tax offences» (§ 1 of the Opinion).

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.

Yet unlike other necessities, no provision is made for this in the tax laws.»

A short note on a case of yesterday: In Commission v. Germany (judgment only available in German and French so far), the Commission had argued that the free movement of capital was hindered by provisions of German tax law according to which non-resident pensions funds could not deduct directly connected operating costs from dividends and interests generated in GermanIn Commission v. Germany (judgment only available in German and French so far), the Commission had argued that the free movement of capital was hindered by provisions of German tax law according to which non-resident pensions funds could not deduct directly connected operating costs from dividends and interests generated in Germanin German and French so far), the Commission had argued that the free movement of capital was hindered by provisions of German tax law according to which non-resident pensions funds could not deduct directly connected operating costs from dividends and interests generated in Germanin Germany.

Tax Law is constantly changing in Greece, as in the same way, continuous and deep changes take place in other legal segments (Urban Law, Commercial Law, Law of Insolvency), and as a result continuous information is requested to be provided to us both as lawyers, and also aimed to the further provision of legal support to our ordinators.

In support of this conclusion, he referred to the Canada - United States Tax Convention Act, 1984, which gives paramountcy to the provisions of the Convention over the provisions of the Income Tax Act, and to Article 26 of the Vienna Convention on the Law of Treaties, which requires Canada to perform the Convention in good faitIn support of this conclusion, he referred to the Canada - United States Tax Convention Act, 1984, which gives paramountcy to the provisions of the Convention over the provisions of the Income Tax Act, and to Article 26 of the Vienna Convention on the Law of Treaties, which requires Canada to perform the Convention in good faitin good faith.

Linda O'Brien, one of Wolters Kluwer's Tax Experts examines three major provisions in the Act and how practitioners can locate the changes in those provisions as well as explanations and legislative history to assist them on understanding, and how to work with the new law.