Senators Seek to Stop Renewable Energy Grant Funds from Going to Overseas Firms

Several Democratic senators March 3 called on the Obama administration to immediately halt a popular stimulus…

Two Bills Introduced in Senate Offer Tax Incentives for Offshore Wind Projects

Senate bills introduced March 3 would extend an existing tax credit and create a new credit for offshore wind energy…

EPA Administrator Says Greenhouse Gas Rules Initially to Apply to Sources with Emissions Exceeding 75,000 Tons

The Environmental Protection Agency plans to limit the application of greenhouse gas emissions control requirements at new and modified stationary…

California Democrat Stark Named Interim Head of House Ways and Means Committee as Panel Faces Significant Tax Issues

California Democrat Fortney Pete Stark took over as interim chairman of the House Ways and Means Committee March 3 after Rep. Charles Rangel (D-N.Y.) stepped down from…

Obama Asks Congress to Bring Modified Health Care Reform Bill to Vote ‘In Next Few Weeks’

President Obama urged Congress March 3 to bring his slightly revised version of the Senate-passed health bill (H.R. 3590) up for a simple majority vote in…

Senators Announce Plans for Legislation Sought by Obama on Home Energy Efficiency

Four senators March 2 announced plans to introduce legislation that would establish a $6 billion homeowner energy efficiency rebate program advocated by President…

Senate Returns to Tax Extenders Debate; Section 179 Amendment Fails

The Senate March 3 voted down, 38-61, an amendment (S. Amdt. 3338) to legislation to extend expiring tax code provisions (H.R. 4213) that, among other…

ANALYSIS: Separate Return Limitation Year Rules, ‘Hook Stock’ Among Items Addressed in Recent IRS Corporate Private Letter Rulings of Note

Jasper L. Cummings, Jr. of Alston & Bird LLP examines recent private letter rulings of note involving corporate taxpayers. He examines PLR 201003012′s demonstration of…