Colorado Governor Signs Bill Increasing Renewable Portfolio Standard to 30% by 2020

Colorado Gov. Bill Ritter (D) signed a bill (H.B. 1001) March 22 increasing the state’s renewable portfolio standard to require investor-owned utilities and certain other utilities to…

Washington Governor Signs Bill on Greenhouse Gas Emissions Reporting Requirements

Washington Gov. Chris Gregoire (D) March 19 signed a bill (SSB 6373) that aims to align the state’s greenhouse gas emissions reporting requirements with the Environmental Protection…

Tax Incentives to Bolster Carbon Capture Technologies Unveiled by Senators Rockefeller, Voinovich

Coal-fired power plants that deploy technologies to capture their carbon dioxide emissions would be eligible for tax breaks and other incentives under draft legislation unveiled…

IRS Stressing Focus on Global Examinations, Seeking More Data on Taxpayers, KPMG Says

The Internal Revenue Service is intensifying its approach on audits of international issues, seeking increased information from taxpayers, and amping up not just…

Ninth Circuit Reissues ‘Xilinx’ Opinion, Affirms Tax Court Ruling on Stock Options

The U.S. Court of Appeals for the Ninth Circuit March 22 reissued its opinion in the Xilinx case on stock options to find for the taxpayer, reversing the stance taken in…

ANALYSIS: Colorado’s New Law (H.B. 1193): Is This Approach to E-Commerce Taxation the Solution That Cash-Strapped States Have Been Waiting For?

Colorado H.B. 1193, which imposes new reporting requirements on internet retailers, has generated considerable controversy in the state in the wake of Amazon.com’s decision to…

Foreign Bank Reporting Provisions in New Job Creation Law Seen Changing Withholding Tax Landscape

President Obama’s signature on major new jobs legislation (Pub. L. No. 111-147; H.R. 2847) March 18 puts in place a host of requirements for foreign banks to report and…

Dodd Proposal Would Keep Prudential Regulators but Consolidate Their Oversight Functions

Senate Banking Committee Chairman Christopher Dodd’s (D-Conn.) updated regulatory reform proposal would result in a major shift of prudential oversight responsibilities among…

Senate Banking Committee Clears Dodd Financial Reform Bill as Lawmakers Eye More Negotiations

Broad legislation to overhaul U.S. financial services regulation flashed through the Senate Banking Committee on a 13-10 party-line vote late March 22…