CCH TAX NEWS for March 14, 2008

CCH TAX NEWS for March 14, 2008

FEDERAL NEWS

Senate Approves Funding for $340 Billion in Tax Cuts

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Rules for Tax-Free Treatment of "Partial Exchanges" of Annuity Contracts Formalized (Rev. Proc. 2008-24)
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STATE NEWS

Maryland --Multiple Taxes: Procedural Violation Did Not Warrant Invalidation of Enacted Laws

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Nebraska --Corporate, Personal Income Taxes: Research Credit and Other Provisions Amended
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Virginia --Corporate, Personal Income Taxes: Biodiesel Fuel Credit Created
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John H. Fisher
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