Legislation (S.854-A/A.1248-A) Would Establish the Office of Cannabis Management; Expand New York's Existing Medical Marijuana Program; Establish a Licensing System; and Create a Social and Economic Equity Program Encouraging Individuals Disproportionately Impacted by Cannabis Enforcement to Participate in Industry
Tax Collection Projected to Reach $350 Million Annually and Potentially Create 30,000 to 60,000 Jobs
Governor Andrew M. Cuomo, Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie today announced an agreement on legislation (S.854-A/A.1248-A) to legalize adult-use cannabis. The bill would establish the Office of Cannabis Management to implement a comprehensive regulatory framework that would cover medical, adult-use and cannabinoid hemp. The bill would also expand New York State's existing medical marijuana and cannabinoid hemp programs.
Other things to check out:
Tax & Rev seeks input on proposed GRT rules » Albuquerque Journal
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Stimulus Act Raises Dependent Care FSA Limits, Adjusts Tax Credit
The American Rescue Plan Act (ARPA), signed into law on March 11, raises pretax contribution limits for dependent care flexible spending accounts (DC-FSAs) for calendar year 2021. It also increases the value of the dependent care tax credit for 2021.
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The new DC-FSA annual limits for pretax contributions increases to $10,500 (up from $5,000) for single taxpayers and married couples filing jointly, and to $5,250 (up from $2,500) for married individuals filing separately. The higher limits apply to the plan year beginning after Dec. 31, 2020 and before Jan. 1, 2022.
Cohen & Steers MLP Income and Energy Opportunity Fund, Inc.
NEW YORK , March 29, 2021 /PRNewswire/ -- The Board of Directors of Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE: MIE ) (the "Fund") announced today the monthly distributions for April and May 2021 , as summarized in the chart below:
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Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. pays regular monthly cash distributions to common shareholders at a level rate that may be adjusted from time to time. The Fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital. Return of capital includes distributions paid by a fund in excess of its net investment income. Such excess is distributed from the fund's assets.
And here's another article:
Sandra Pianalto to Conclude Service to FirstEnergy Board of Directors; Melvin Williams Nominated
AKRON, Ohio , March 29, 2021 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE ) today announced that Sandra Pianalto , a member of the company's Board of Directors since 2018, has decided not to stand for re-election at the company's 2021 Annual Meeting in order to focus on other commitments. The Board has nominated Melvin D. Williams for election at the company's 2021 Annual Meeting. These changes will maintain the size of the Board at 14 members.
"Sandy's counsel and financial expertise have been invaluable to FirstEnergy," said Donald T. Misheff , chairman of FirstEnergy's Board of Directors. "On behalf of the entire Board, I thank her for her service and contributions over the past few years and wish her well in the future."
Transition Tax Rules Challengers Not Eligible to Sue, Court Says
The Treasury Department won in its defense against a lawsuit claiming it failed to comply with procedural requirements when issuing major international tax rules because the plaintiffs weren't eligible to bring the challenge, a federal court ruled.
The Sunday ruling win for Treasury came as it defended itself against allegations that it improperly issued regulations implementing tax code Section 965 , a provision created through the 2017 tax law. The Section 965 transition tax applies to otherwise untaxed foreign earnings for U.S. shareholders of certain foreign corporations, treating the earnings as if they were brought back to the U.S. The...
In brief: direct distribution in USA - Lexology
Jeff Bezos Himself Was Reportedly Behind Amazon's Weirdly Aggressive Tweets | Vanity Fair
Amid all the online chatter about a cargo ship clogging the Suez Canal, the tweets stood out: Amazon's media relations account last week fired off a series of condescending missives at politicians like Mark Pocan , who have criticized the company's treatment of its employees. "You don't really believe the peeing in bottles thing, do you?" the Amazon News account tweeted at the Wisconsin Democrat. "If that were true, nobody would work for us."
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Happening on Twitter
Governor Andrew Cuomo and New York state lawmakers formally agreed in late-night talks on a deal to legalize recrea… https://t.co/KCUSR3B5TN AFP (from France) Sun Mar 28 18:14:01 +0000 2021
ICYMI: Governor Cuomo and New York's legislative leaders have announced an agreement to legalize adult-use cannabis… https://t.co/OUQsOf8nab NYSLabor (from Albany, NY) Sun Mar 28 16:04:08 +0000 2021
Inbox: Attorney Gloria Allred holding press conference today with new Cuomo accuser... "The woman, who is married,… https://t.co/yH5iHxB9y5 nahmias (from New York, USA) Mon Mar 29 14:50:13 +0000 2021
🚨 MUST READ @NYGovCuomo withheld tests for nursing homes while his family & cronies got them. The governor is a… https://t.co/AJ42EOm7LO JoeBorelliNYC (from Staten Island, NY) Sun Mar 28 22:03:17 +0000 2021
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