CCH TAX NEWS for July 27, 2007
FEDERAL NEWS
Tax on Foreign-Owned U.S. Companies Threatens to Derail Farm Bill
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Proposed Regulations Would Exclude Certain Estate and Trust Expenses from 2-Percent Floor for Itemized Deductions (NPRM REG-128224-06)
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Will Give Up Tax Breaks for Corporate Tax Rate Cut, CEOs Tell Paulson
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STATE NEWS
Massachusetts --Corporate Income Tax: Receipt of Royalty Income Constituted Substantial Nexus
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Pennsylvania --Multiple Taxes: Film Production, Agricultural Resource Credits Enacted
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