CCH TAX NEWS for April 21, 2008
FEDERAL NEWS
Power to Substitute Property Did Not Cause Inclusion in Grantor's Gross Estate (Rev. Rul. 2008-22)
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Applicable Federal Rates for May 2008 Released (Rev. Rul.
2008-24)
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STATE NEWS
Alabama --Corporate Income Tax: State High Court Will Hear Challenge to Addback Statute
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Nebraska --Multiple Taxes: Economic Incentive Package Enacted
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New Jersey --Corporate, Personal Income Taxes: Bonus Depreciation, Asset Expense Deduction, Federal Rebate Discussed
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