CCH TAX NEWS for June 26, 2008
FEDERAL NEWS
House Clears AMT Legislation with Revenue Offsets
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Guidance on Health Savings Accounts Released (TDNR HP-1056; Notice
2008-59)
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Procedures Issued for Allowing Rolling-Average Inventory Valuation as a Method of Accounting (Rev. Proc. 2008-43)
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IRS Updates Guidance on Credit for Electricity Generated from Renewable Resources (Notice 2008-60)
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ACE Adjustment for Depletion Required for Mines Placed in Service On or Before December 31, 1989 (Santa Fe Pacific Gold Co, TC)
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STATE NEWS
Alabama --Corporate, Personal Income Taxes: Provisional Construction Employer Withholding Rules Adopted
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