CCH Tax News Headlines - August 11, 2008
FEDERAL NEWS -
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Rates Used in Computing Special Use Value Issued (Rev. Rul. 2008-44)- Proposed Regulations Revise and Clarify Recapture Rules Under the New Markets Tax Credit (NPRM Reg-149404-07)
Circumstances Described in Which IRS Will Not Treat Debt Instrument as Applicable High Yield Discount Obligation (Rev. Proc. 2008-51)
STATE NEWS Michigan --Corporate Income Tax: Credit for Manufacturer of Polycrystalline Silicon Created
Washington --Business and Occupation Tax: Tax Billing Claim Not Preempted by Federal Communications Act
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