CCH TAX NEWS for March 31, 2008
FEDERAL NEWS
IRS Supplements Prevailing Interest Rate Schedules for Insurance Companies (Rev. Rul. 2008-19)
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Modification to Terms of Split-Dollar Life Insurance Arrangements Is Not a Material Change to Underlying Life Insurance Contract (Notice
2008-42)
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IRS Proposes Regulations Addressing Deductibility of Travel Expenses by State Legislators (NPRM REG-119518-07)
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STATE NEWS
California --Corporate Income Tax: Results Released From Meeting on Water's-Edge Regulations
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South Dakota --Insurance Tax: Taxation of Out-of-State Insurers Constitutional
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Vermont --Multiple Taxes: House Passes Bonus Depreciation Decoupling, Reduced Property Tax
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