CCH TAX NEWS for July 13, 2007
FEDERAL NEWS
Senate Appropriations Committee Approves $11.1 Billion IRS Budget for Fiscal Year 2008
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Proposed Regulations Would Modify Payment Card Transaction Rules (NPRM REG-1613195-05)
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Final Regulations Provide Guidance on Exclusion of Partnership Income from Controlled Foreign Corporation's Foreign Personal Holding Company Income (T.D. 9326)
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IRS Final Regulations on Information Returns Required of Certain Foreign Corporations and Foreign-Owned Domestic Corporations Issued (T.D. 9338)
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STATE NEWSLouisiana --Multiple Taxes: Heritage Area Development Zone Credits Increased, Authorized
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Louisiana --Multiple Taxes: Mentor-Protege Tax Credit Program Established
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