CCH TAX NEWS for November 2, 2007
FEDERAL NEWS
Ways and Means Passes Temporary AMT Patch
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Bank Properly Calculated Disallowed Deduction for Interest Expense Allocable to Tax-Exempt Obligations (PSB Holdings, Inc., TC)
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Attorney Could Not Charitable Contribution Deduction for Case Files; Client Was True Owner (Jones, TC)
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STATE NEWSNorth Carolina --Corporate, Personal Income Taxes: 2008 Low-Income Housing Qualified Allocation Plan Released
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Pennsylvania --Miscellaneous Tax: Gasoline Taxes Not Excludable From Mercantile Tax Base
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