Arkansas's Answer to the SALT Cap for Business Owners: The Arkansas Pass-Through Entity Tax Act
January 19, 2022
by Craig R. Cockrell
This article was corrected on March 2, 2022. The Tax Cuts and Jobs Act of 2017 (The “TCJA”) imposes a $10,000 cap on the amount an individual may deduct for federal tax purposes for the payment of state and local income, property and sales taxes (referred to as “SALT”). The IRS issued a Notice in…
Southern Bog Turtle/Endangered Species Act: Center for Biological Diversity Petition Submitted to Fish and Wildlife Service Requesting Listing
The Center for Biological Diversity (“CBD”) submitted a Petition to the United States Fish and Wildlife Service (“Service”) requesting that the southern bog turtle be designated as an endangered or threatened species under the Endangered Species Act (“ESA”). The Petition also requests that the…
Arkansas Advisory Committee on Petroleum Storage Tanks: January 26th Meeting (Via Teleconference)
As noted in a previous blog post, Arkansas operates a petroleum storage tank trust fund that provides reimbursement for eligible storage tanks that suffer corrective action requirements and third party damage claims due to a release of petroleum. The Advisory Committee on Petroleum Storage Tanks…
Implications of Electric Vehicle Investments for Agriculture/Rural America: U.S. House of Representatives Agriculture Committee Hearing
The United States House of Representatives Agriculture Committee held a January 12th hearing titled: Implications of Electric Vehicle Investments for Agriculture and Rural America (“Hearing”) This was a Full Committee Hearing. The witnesses testifying included: Mr. Geoff Cooper President and CEO…
Startup, Shutdown, and Malfunction/Clean Air Act: U.S. Environmental Protection Agency Federal Register Notice Addressing Arkansas State Implementation Plan
The United States Environmental Protection Agency (“EPA”) undertook final action published in the January 12th Federal Register finding that 12 states and local air pollution control agencies failed to submit Clean Air Act State Implementation Plan (“SIP”) revisions in a timely manner. See 87 Fed…