Senate Committee Adds Wind Power, Energy Efficiency Provisions to Energy Bill

New energy efficiency standards and an initiative to boost wind energy development were among a package of amendments to an energy policy bill approved by the Senate Energy and Natural Resources Committee May 6…

Emissions Caps Could Lead to Job Losses in Coal Mining, Natural Gas, Congressional Budget Office Reports

Capping and reducing U.S. greenhouse gas emissions would cause job loss in various fossil fuel industries, with coal mining likely to suffer “the largest percentage decline in…

House Passes $6.6 Billion Home Star Energy Efficiency Rebate Bill on Condition It Not Add to Budget Deficit

The House voted May 6 to approve legislation that would create a $6 billion energy efficiency rebate program for homeowners after adopting a Republican measure that would require the bill to be deficit-neutral.

BNA INSIGHTS: Senate Patent Reform Legislation Manager’s Amendment: Consequences for Patent Owners in Ex Parte Reexaminations

America’s patent system, currently administered in large part by the Patent and Trademark Office, was created when Congress enacted the Patent Act of 1790 pursuant to its power “to promote…

Senate Climate Change Bill Release Now Set for Week of May 10; Offshore Drilling Provisions Being Rewritten

Sens. John Kerry (D-Mass.) and Joseph Lieberman (I/D-Conn.) will release their climate change bill the week of May 10 after having nailed down virtually all of the bill’s details, with the exception of…

BNA INSIGHTS: Patented Advertising in an Internet Age

When the Ninth Circuit decided Hyundai Motor America v. National Union Fire Insurance Co. of Pittsburgh, Pennsylvania, No. 08-56527 (9th Cir., April 5, 2010) (79 PTCJ 750, 4/16/10) last month, it…

House Passes Energy Retrofit Bill Using Rebates Instead of Tax Credits

Rebates made available to consumers for energy-efficient modifications to their homes would be exempt from income taxes under legislation the House passed May 6 by a vote of 246-161…

IRS Will Oppose Privilege Claims Where Accountant Is Hired by Lawyer, Official Says

The government is likely to oppose claims of privilege for accountants who have been hired by lawyers representing clients in tax cases, a senior Internal Revenue Service criminal attorney said May 6…

Final Details Being Hashed out on Tax Extenders Bill, House Lawmakers Say

House Ways and Means Committee Chairman Sander Levin (D-Mich.) shortened the time frame for consideration of a final tax extenders measure (H.R. 4213), telling reporters May 6 that it will be on the floor within…

BNA INSIGHTS: Repatriation: Insuring Basis Recovery

Private Letter Ruling 201014048 held that a Section 302/301 redemption of stock by a controlled foreign corporation from what until recently was its sole shareholder “will be treated as…

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