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The Services Co-Balancing Act: Final Carbon Capture Credit Regulations Target Broad Taxpayer Implementation and Administrability Friday, January 8, 2021 Amid the headline-grabbing events of 6 January 2021, the U.S. Department of Treasury released final regulations under Code 1 Section 45Q. Code Section 45Q provides for a U.S. federal income tax credit at varying rates to taxpayers that participate in various aspects of the process of sequestering carbon oxide and disposing of it in s...

Reply SANTA MONICA, CA — The following letter-to-the-editor was sent to Patch on behalf of two SMMUSD school board members, Jon Kean and Laurie Lieberman. January 5, 2021 Subscribe Although he was sworn in as a member of the Santa Monica City Council on December 8, 2020, Oscar de la Torre persists in falsely claiming that he is still a member of the School Board. As part of his distorted reasoning, he also insists on denigrating the work of the Board of Education, deliberately fomenting disc...

Friday, January 8, 2021 On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (the CAA), a second stimulus package and the most recent of several major pieces of legislation to be enacted since the start of the COVID-19 pandemic last March. Many of the provisions in the CAA extend or clarify relief provided in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Families First Coronavirus Response Act (FFCRA) enacted...

(AP Photo/John Bazemore) On December 4, 2020, the Trump Campaign filed a lawsuit challenging the outcome of the Presidential election contest in Georgia.  The action was filed in Fulton County Superior Court.  I wrote an article on the suit the day it was filed. This was a contest I had been anticipating because it was specifically provided for in the Georgia election statutes, and it is not one where the Court would need to wrestle with jurisdictional issues such as “standing” by the par...

[co-author: Crystal Miller-OBrien] By any measure, 2020 presented novel, life-changing experiences for all of us. The resilience and focus required to endure the seemingly relentless wave of changes have helped to hone the skills of most workplaces and allowed them to pivot and survive. In line with our hope that 2021 will afford a bit more stability and considerable success, here are some of the significant, non-COVID-19-related legal changes applicable to California employers that human resou...

Jackson seeks more concrete definition for ‘master plan’ By Anthony Warren | December 29, 2020 at 5:51 PM CST - Updated December 29 at 5:51 PM JACKSON, Miss. (WLBT) - Jackson city leaders say a resolution included in its 2021 legislative wish list could take away a major point of contingency surrounding the city’s one-percent infrastructure sales tax. As part of its legislative agenda, the council has approved a resolution asking for a more concrete definition of the term â...

To embed, copy and paste the code into your website or blog: The US Congress has adopted the first extensive update to US federal energy policies in over a decade in the Energy Act of 2020 (Energy Act), which President Donald Trump signed into law on December 27 as part of the Consolidated Appropriations Act, 2021. The Consolidated Appropriations Act also includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Taxpayer Act), which includes tax provisions important to the energy se...

Monday, December 28, 2020 On November 16, 2020, the Internal Revenue Service (IRS) issued Notice 2020-82 (the Notice), to further extend the deadline for required minimum contributions for single-employer defined benefit pension plans that would otherwise be due during the 2020 calendar year, from January 1, 2021, to January 4, 2021. On the same day, the PBGC issued complementary guidance, in Technical Update 20-2 (the PBGC Update), to reflect the January 4, 2021, deadline establi...

The Consolidated Appropriations Act, 2021 In a bipartisan effort, H.R. 133-116th Congress: Consolidated Appropriations Act, 2021 (the "Consolidated Appropriations Act, 2021") overwhelmingly passed both the House and the Senate on December 21, 2020. It is now on President Trumps desk awaiting his signature. The Consolidated Appropriations Act, 2021, which spans almost 6,000 pages, once signed into law, will bring holiday cheer to many. The new law includes a huge variety of provisions aimed...

457(b) Plan Contributions Based on Severance Pay Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations. Reported by “ I know from previous Ask the Experts column that you cannot make contributions to a 403(b) plan based on severance pay (payments to a former employee for NOT working). But what about 457(b) plans? Are the rules the same?” Charles Filips, Kimberly Boberg, David Levine and David Powell, with Groom ...