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Developer Says Mass. Stalling $15M Brownfields Tax Credit

by usoftax_admin | Jan 7, 2025 | Tax News

The developer of a 3.5-acre luxury condo and apartment complex in Boston’s Seaport District is accusing the state of improperly second-guessing the work of its licensed environmental remediation consultant to deny a $15.3 million brownfields tax credit, then...

7th Circ. Upholds Tax Penalties For Life Insurance Scammer

by usoftax_admin | Jan 7, 2025 | Tax News

The Seventh Circuit upheld Tuesday nearly $400,000 in tax penalties against a man who served prison time for falsifying his returns as part of a scheme to poison his wife and collect on a $20 million life insurance policy.

Treasury Finalizes Clean Electricity Tax Credit Regs

by usoftax_admin | Jan 7, 2025 | Tax News

The U.S. Treasury Department released final regulations Tuesday for a pair of new tax credits that reward various types of electricity generation from technologies that don’t emit greenhouse gases, replacing recently expired incentives that benefited only...

Lowenstein Sandler Elects 5-Atty Partner Class For 2025

by usoftax_admin | Jan 7, 2025 | Tax News

Lowenstein Sandler LLP announced a class of five new partners for 2025 this week, drawing on attorneys working from New York and New Jersey and bringing expertise in tax law, environmental law, white collar defense and more.

NH Total Revenues Through Dec. $41M Under Estimate

by usoftax_admin | Jan 7, 2025 | Tax News

New Hampshire’s total revenue collection from July through December trailed forecasts by $41 million, according to a report by the state Department of Administrative Services.

Fla. Net Revenues Through Nov. Beat Estimates By $435M

by usoftax_admin | Jan 7, 2025 | Tax News

Florida’s general revenue collection from July through November exceeded budget forecasts by $435 million, according to a report by the state’s Office of Economic and Demographic Research.
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