CCH TAX NEWS for June 29, 2007
FEDERAL NEWS
House Approves $11.1 Billion IRS Budget for FY 2008, Supports Private Tax Collectors
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IRS Provides Safe Harbor Method of Accounting to Treat Rotable Spare Parts as Depreciable Assets (Rev. Proc. 2007-48)
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STATE NEWSMissouri --Multiple Taxes: Disabled Access Credit Enacted; Economic Development District Sales Tax Authorized
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New Jersey --Sales and Use Tax: Information Provided on Taxability of Digital Property
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Oregon --Corporate, Personal Income Taxes: Penalties Waived for Voluntary Compliance
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