After a long wait, the Treasury Department has issued proposed regulations to implement Section 45Q of the Tax Code , which provides tax credits for capturing and sequestering carbon oxides that would otherwise escape to the atmosphere and contribute to climate change. The eventual finalization of such rules may help to spur additional carbon capture and sequestration activities within the United States, and also may help to incentivize other forms of carbon sequestration.
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The Tax Treatment Of Conservation Easements: A Traditionalist's View
In the second part of a two-episode series, Tax Notes legal reporter Kristen Parillo interviews Steve Small, one of the authors of the federal income tax regulations on conservation easements who is now in private practice, about the controversy surrounding the tax treatment of conservation easements.
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Kristen Parillo: As you know, the tax treatment of conservation easements has been getting a lot of attention in the last few years. Let me start by asking if you agree that there should be tax incentives for donating a conservation easement?
Voya Equity Closed End Funds Declare Distributions | Business | valdostadailytimes.com
Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the monthly distributions on the common shares of two of its closed-end funds (each a "Fund" and collectively, the "Funds").
With respect to each Fund, the distribution will be paid on July 15, 2020, to shareholders of record on July 2, 2020. The ex-dividend date is July 1, 2020. The distribution per share for each Fund is as follows:
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Each Fund intends to make regular monthly distributions based on the past and projected performance of the Fund. The amount of monthly distributions may vary, depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares may change. There can be no assurance that a Fund will be able to declare a distribution in each period. Past performance is no guarantee of future results.
Mercury Systems Receives $49M Order for Signal Processing and RF Technology Nasdaq:MRCY
ANDOVER, Mass., June 15, 2020 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com ), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced today that it has received a $49 million order from a leading defense prime contractor for high-performance signal processing and RF solutions for a missile defense program.
"This order is one of the largest in the Company's history and reinforces our commitment to Innovation That Matters, delivering superior value and performance that help solve our customer's most complex embedded processing challenges," said Didier Thibaud, Executive Vice President and Chief Operating Officer. "We are dedicated to delivering solutions that provide significant affordability and portability, making commercial technology profoundly more accessible to aerospace and defense."
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IRS offers reprieve on New Markets Tax Credit transactions delayed by coronavirus | Accounting
The Internal Revenue Service and the Treasury Department gave tax relief to businesses and investors who were engaged in New Markets Tax Credit transactions but couldn't get them done in time due to the COVID-19 pandemic.
The taxpayers receiving relief from guidance issued by the IRS and the Treasury last Friday are community development entities (CDEs) and qualified active low-income community businesses (QALICBs) who are investing and conducting businesses in low-income communities.
IRS Releases Proposed Regulations on Executive Compensation for Tax-Exempt Organizations -
The Internal Revenue Service and US Department of the Treasury have released proposed regulations governing the excise tax imposed by Internal Revenue Code Section 4960 on certain executive compensation paid to employees of tax-exempt organizations.
While the proposed regulations provide some relief to nonprofit volunteers, they still may impose significant disincentives for businesses to contribute the time and treasure of highly compensated executives to nonprofit affiliates. The issue is particularly relevant for small businesses because it indirectly imposes a tax on the remuneration of privately held businesses that Congress has otherwise determined not to be subject to deduction limitations, such as under Section 162(m).
OPINION | Keeping Colorado business friendly depends on strong policies | Opinion |
As CEOs of chambers of commerce, our work boils down to one goal: putting Coloradans to work. Unfortunately, the Colorado Legislature has made that very difficult right now.
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At press time, numerous bills adding significant costs and regulations to businesses were passed or under consideration by the Legislature. Gov. Jared Polis, we ask you to uncap your veto pen and use it on these bills, should they make it to your desk. You can protect the strong business climate Colorado has worked so hard to build and give businesses the time and resources they need to rebuild and rehire.
First Trust Energy Infrastructure Fund Issues Notice Regarding June 2020 Distribution | Business
The Fund has declared a distribution payable on June 15, 2020, to shareholders of record as of June 2, 2020, with an ex-dividend date of June 1, 2020. This Notice is meant to provide you information about the sources of your Fund's distributions. You should not draw any conclusions about the Fund's investment performance from the amount of its distribution or from the terms of its Managed Distribution Plan.
The following tables set forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date for the Fund from the following sources: net investment income ("NII"); net realized short-term capital gains ("STCG"); net realized long-term capital gains ("LTCG"); and return of capital ("ROC").
Happening on Twitter
It's time to bring home our manufacturing. I'm working on legislation to provide tax credits to companies who manuf… https://t.co/bSRcJ5Ukef SenMcSallyAZ (from Arizona, USA) Sun Jun 14 19:10:15 +0000 2020
now; @larry_kudlow "to discuss phase 4 stimulous after the july 4th holiday. We'll likely see Payroll tax holiday,… https://t.co/gGhTc9c9kZ MariaBartiromo (from New York, NY) Sun Jun 14 14:19:37 +0000 2020
WH's Kudlow on Fox on next coronavirus bill: We want to help restaurants, entertainment, sports with tax deductions… https://t.co/ySWAFFzudb ChadPergram (from Capitol Hill) Sun Jun 14 15:19:08 +0000 2020
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