CCH TAX NEWS for June 13, 2008
FEDERAL NEWS
Democrats Pledge to Scuttle Extenders Bill That Does Not Have Offsetting Tax Hikes
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Interest in Notional Principal Contract Is Not US Real Property Interest (Rev. Rul. 2008-31)
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STATE NEWS
All States --Multiple Taxes: FTA Discusses UDITPA, SST, Nonresident Taxes, More at 2008 Meeting
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Delaware --Corporate Income Tax: Apportionment Rules for Asset Management Corporations Enacted
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Maryland --Sales and Use Tax: Telephone Carrier Not Liable for Tax Imposed on 900 Services
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