CCH TAX NEWS for January 17, 2008
FEDERAL NEWS
Economic Stimulus Package Draws Early Bipartisan Support
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Supreme Court Limits Trust's Deduction of Investment Advisory Fees to Two-Percent Floor; IRS Likely to Repropose Regulations (Michael J. Knight, Trustee of William L. Rudkin Testamentary Trust, SCt)
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Payments to Settle Price-Fixing Claim Did Not Qualify for Claim-of- Right Relief (Pennzoil-Quaker State Company, CA-FC)
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STATE NEWSAlabama --Corporate Income Tax: Gain From Sale of Stock Not Subject to Tax
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Indiana --Property, Sales and Use Taxes: Governor Proposes Property Tax Relief, Penny Sales Tax Increase
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Missouri --Personal Income, Property Taxes: Governor Proposes Tax Cut for Veterans
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