Thanks to the Inflation Reduction Act (IRA), which went into effect in January, it can pay to be a brownfield – a term used to refer to a property that is affected by potential or confirmed contamination. Specifically, the IRA
Energy
Insurance Coverage Not Limited by a Texas Service Agreement
As you negotiate your master service agreements are you confident that you know how insurance choices might affect indemnity obligations? Me neither. That’s why I turn to my Gray Reed partner Darin Brooks and his insurance coverage lawyers. I didn’t…
Finders, Keepers: Deposition Preparation Material and the Work Product Doctrine in the Fifth Circuit
I. Introduction
Attorneys experienced in defending depositions know the importance of witness preparation. A key component of this process requires counsel to sift through large amounts of produced discovery to identify specific documents ripe for examination by opposing counsel. An…
California Court of Appeal Landmark Opinion Expands Intangible Asset Exemption from Property Tax Assessment
On April 7, 2023, the Second District of the California Court of Appeal published a landmark opinion on California property tax law that expands the tax-exempt status of intangible assets, holding that transient occupancy tax reimbursements and key money payments…
SALT Q1 Legislative Highlights and Trends
This GT Alert highlights some of the legislative trends in state and local tax that emerged during Q1 2023.
- States keep cutting rates. The states by and large remain flush with cash and continue to cut income tax rates. In
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Mexico’s Initiative to Amend Mining Law, Related Environmental Law Provisions Regarding Mining and Water Concessions
On March 28, 2023, Mexico’s President presented to the Chamber of Representatives an initiative to amend several provisions of the Mining Law, the National Water Law, the General Law of Ecological Equilibrium and Environmental Protection, and the General Law for…
IRS Proposed Regulations Identify Micro-Captive Transactions as Listed Transactions – Responding to CIC Services Decision
On April 10, 2023, the U.S. Treasury Department issued proposed regulations identifying certain micro-captive transactions as listed transactions or transactions of interest for purposes of the disclosure rules for taxpayers and material advisors. The proposed regulations are in response to…
Big Changes to Condominium and Homeowners’ Association Elections are Coming This Summer: Part I
New amendments to the Pennsylvania Uniform Condominium Act and Uniform Planned Communities Act (“UPCA”) will make huge changes in the way communities hold meetings and elections. These Amendments are found in House Bill 1795 (Act 115 of 2022). Some…
House of Representatives Approves Class VI Primacy Amendment
On March 29 the US House of Representatives adopted by voice vote an amendment offered by Reps. Dan Crenshaw (R-TX) and August Pfluger (R-TX) to speed up Environmental Protection Agency (EPA) review of state applications for primacy to run the…
The Liskow Legislative Minute
Week 1
Update (4/14/2023): And it begins. The House Committee on Natural Resources and Environment will hear Speaker Schexnayder’s House Bill 571 on CCS next Thursday, April 20 at 9:30 am. HB 571 would make comprehensive changes to the CCS…