By: Randall A. Denha, JD, LL.M. Alert! There’s a new tax strategy available that’s been tucked snugly into the blanket of the 2017 Tax Cuts and Jobs Act and provides significant deferral and reducing of capital gains. The law’s objective is to promote investment in qualified opportunity zones (“QOZ”). The QOZ allows taxpayers to take advantage…
On August 2nd, the U.S. Environmental Protection Agency and the National Highway Traffic Safety Administration released a proposed rule that would change the Obama-era Corporate Average Fuel Economy and Greenhouse Gas (GHG) Emissions Standards for model years 2021 through 2026. The new proposal, titled the “Safer Affordable Fuel-Efficient Vehicles Rule,” would cap the standards at…
By Food Marketing Institute The Supreme Court just handed down its decision in Wayfair v. South Dakota (aka our Marketplace Fairness case) and we have scored a major victory! On a 5-4 vote, the Court overturned the 1992 “Quill” decision that effectively prevented states from collecting sales tax on transactions from remote sellers who do not…
By The Shelby Report After weeks of negotiations hinging not just on differences over the Supplemental Nutrition Assistance Program (SNAP), but also on immigration policy, the House of Representatives has passed its version of a new Farm Bill on a 213-211 vote. The Agriculture and Nutrition Act of 2018 would replace the current Agricultural…
The ruling means that states can require Internet retailers to collect sales tax without having a physical presence in that state By NACS Online As Americans have shifted to shopping more online, online retailers often had a competitive advantage over brick-and-mortar locations: Many online transactions didn’t require collection of sales taxes. But late last week,…
2019 draft volumes are less than statutory targets By NACS Online On June 26th, the U.S. Environmental Protection Agency (EPA) released its proposed rule regarding the renewable volume obligations (RVOs) for 2019 and biomass-based diesel volumes for 2020. Overall, EPA has proposed a 3.1% increase in renewable fuel blending. The proposed total renewable fuel requirement…
Implications for other card networks unclear following 5-4 decision By NACS Online On June 25th, the U.S. Supreme Court ruled in the case of Ohio v. American Express that the Justice Department and state attorney general had not shown that American Express violated the Sherman Antitrust Act. “The Supreme Court has given us a clarification…
With a tight job market, high-turnover industries like restaurants and convenience stores might find it harder to fill vacancies By NACS Online In early May, the U.S. Department of Labor released its most recent report on the nation’s labor market showing the unemployment rate at 3.9%, the lowest rate since 2000, the New…
By Bridget Goldschmidt// Progressive Grocer The May 7th compliance date of the Food and Drug Administration’s menu-labeling rule has arrived, but grocers are far from satisfied with its provisions, and are vowing to find a viable way forward. For now, though, they’re doing their best to comply. “We are trying to make lemonade out…
Under FOIA, certain data may be protected from disclosure if it relates to confidential information. By NACS Online On May 8th, the 8th Circuit Court of Appeals upheldthe District Court for South Dakota, and found that releasing retail Supplemental Nutrition Assistance Program (SNAP) sales data would not cause substantial competitive harm and was…