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Arkansas recently became the 20th state to enact the Uniform Limited Liability Company Act (the “ULLCA”) as the governing law for the formation and operation of limited liability...
Sarah Everhart and Danielle Naundorf Share: Although Marylanders might disagree about the best way to consume an oyster (raw, fried, roasted, etc.), there appears to be an agreed-upon ânot in my backyardâ (NIMBY) sentiment from the waterfront landowners who live near the aquatic farms that produce this prized regional delicacy. As a result, nearly a decade of legal drama has unfolded between waterfront landowners and the oyster aquaculture industry. A dispute over oysters is hardly something new in Maryland. Colonial settlement of the lands around the Chesapeake Bay set the st...
Rutherford County Assessor of Property Discusses New Short Term Rental Identification Law Apr 23, 2021 at 07:00 am by WGNS Rutherford County, TN—Rutherford County Assessor of Property Rob Mitchell’s Office recently received a directive from the State of Tennessee’s Division of Property Assessment regarding a new state law which requires assessors to identify all short term rental properties in their jurisdictions and to assess them to the specifications of the provision. Tenn. Code Ann § 13-7-602 defines “short term rental unit” as “a residential dwelling tha...
To embed, copy and paste the code into your website or blog: Maryland had previously enacted two important - and troubling - sets of tax changes: a new tax on digital advertising and a substantial expansion of its sales tax to digital products and services. As a result of several significant problems with both tax changes, the Maryland legislature just passed Senate Bill 787. S.B. 787 amends Maryland’s Digital Advertising Gross Revenues Tax by: (1) delaying the start date to January 1, 2022; (2) exempting broadcast and news media entities’ digital advertisement services, and (3) prohibiti...
To embed, copy and paste the code into your website or blog: The New York attorney general on March 2 announced a $105 million New York False Claims Act settlement against an individual hedge fund manager and his firm for alleged tax evasion based on allegations originally brought by a whistleblower, calling it the largest recovery against an individual in the state statute’s 14-year history. This recovery should remind both businesses and individuals that, while the federal False Claims Act specifically excludes tax claims from its purview, a watchful eye should be kept on the steadily gro...