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TaxAnalysts®
West Virginia House Passes Sales Tax Bill With Rate Decrease, Base Broadening

West Virginia lawmakers have continued to advance significant tax measures in the State Legislature, with the House voting to decrease the state sales tax and the Senate voting to increase the gas tax. Both chambers voted March 25 on their respective...

TaxAnalysts®
Tax-Funded Las Vegas NFL Stadium Closer to Reality

A proposal for a new, tax-financed football stadium in Las Vegas to lure the Oakland Raiders is closer to reality after the NFL voted March 27 to allow the team’s move to the city. In October 2016 (Doc 2016-20969) Gov. Brian Sandoval (R) signed...

LexisNexis Tax Law Community Staff
Required Compensation Risk Analysis, Claw Backs and Mandatory Deferrals

by Alison Stemler * One of the main purposes of the Dodd-Frank Act is to promote financial stability in the US economy, including through a significant number of provisions relating to financial institutions. [Incentive-Based Compensation Arrangements...

LexisNexis Tax Law Community Staff
Property Valuation Challenged in Wellmark v. Polk County Board of Review

by Joseph J. Calvanico, MAI, FRICS * Many people have said that real estate valuation is an “art,” not a “science.” It is reasonable to believe that five appraisers would offer five different opinions of value. That is most...

Neil Aragones
Covered Asset Acquisitions Regulations Examined

Proposed and temporary regulations under IRC Section 901(m) affect covered asset acquisitions, which are transactions that are generally treated as asset acquisitions for U.S. income tax purposes and that either are treated as stock acquisitions or are...

Susan Calistri Boesger
Qualified Terminable Interest Property Trust Basics

The Qualified Terminable Interest Property (QTIP) Trust was a creation of ERTA-1981 pursuant to IRC § 2056(b)(7) which qualifies for the marital deduction, even if the surviving spouse is not given a general power of appointment during life or at...