CCH TAX NEWS for May 28, 2008
FEDERAL NEWS
Regulations Address Treatment of Property Used to Acquire Parent Stock in Reorganizations Involving Foreign Corporations (T.D. 9400; NPRM REG-136020-07)
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STATE NEWS
Kansas --Multiple Taxes: Changes to Corporate Income Tax Rate, Apportionment Provisions Enacted
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Missouri --Corporate, Personal Income Taxes: Tax Credit Authorized for Mega-Projects in Enhanced Enterprise Zones
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North Carolina --Corporate, Personal Income Taxes: IRC Conformity Update and Bonus Depreciation Addback Proposed
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