California Governor Signs Gasoline Tax Swap Bills After Democrats Send Tax Credit Bills

Gov. Arnold Schwarzenegger (R) dropped a veto threat March 22 and signed two bills swapping the current sales tax on gasoline for an indexed excise tax to close part of the budget deficit…

Administration’s International Tax Proposals Stand-Alone Provisions, Not Package, Treasury International Tax Counsel Says

The international tax proposals in the Obama administration’s fiscal year 2011 budget should be viewed as individual provisions that can be included in legislation for…

Tax Professionals Discuss Implementation of Health Care, Reconciliation Measures

Tax professionals March 23 outlined a number of questions and concerns raised by implementing health care overhaul legislation in a series of interviews with BNA…

Obama Signs Health Care Overhaul Bill Into Law, But Key Tax Changes Remain in Senate

President Obama March 23 signed into law a bill (H.R. 3590) overhauling the health care system, while action on a bill (H.R. 4872) to make major changes to the new law’s key tax…

California Lawmakers Pass Bill to End Sales Tax on Equipment Used to Generate Renewable Energy

The California Legislature March 22 approved without opposition a bill (S.B. 71) to exclude from the state sales tax purchases of equipment used to manufacture products to generate energy from…

EPA Proposes Greenhouse Gas Reporting for Oil Wells, Carbon Storage, CFCs

The Environmental Protection Agency proposed three rules March 23 to require greenhouse gas emissions reporting at oil and gas wells, carbon sequestration…