CCH TAX NEWS for February 5, 2008

CCH TAX NEWS for February 5, 2008

FEDERAL NEWS

President Submits $3 Trillion Budget Containing $145 Billion Economic

Stimulus Proposal

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Senate Agrees to Limit Debate on Stimulus Bill
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Treasury's "Blue Book" General Explanations of Administration's FY

2009

Revenue Proposals Address AMT, Expiring Provisions and Health Insurance

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Decedents' Loan Interests Did Not Qualify for QFOBI Deductions (D.

Farnam Est., TC)

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STATE NEWS

Kansas --Personal Income Tax: Retaliatory Addback Provision Passes

House

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Virginia --Corporate, Personal Income Taxes: IRC Conformity Legislation

Enacted

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John H. Fisher
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