CCH TAX NEWS for July 9, 2007
FEDERAL NEWS
Regulations Addressing Excise Taxes on Prohibited Tax Shelter Transactions Released (T.D. 9334; T.D. 9335; NPRM REG-142039-06, NPRM REG-139268-06)
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Rates Used in Computing Special Use Value Issued (Rev. Rul. 2007-45)
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Tax Consequences of Transactions Involving Transfers of Substantially Nonvested Stock Examined (Rev. Rul. 2007-49)
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STATE NEWS
Louisiana --Personal Income Tax: Military Income Exemption Permanently Extended
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Missouri --Corporate, Personal Income Taxes: Social Security Tax Break, Other Changes Enacted
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