CCH Tax News Headlines - May 12, 2011

CCH Tax News Headlines - May 12, 2011 Federal Headlines:

5/12/2011 - _Senate Majority Leader Presses to End Oil Tax Breaks as Part of Deficit-Reduction Plan_
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5/12/2011 - _Elimination of District Director Position Did Not Preclude Assessment of Frivolous Return Penalties (Grunsted, TC)_
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State Headlines: 5/12/2011 - _Indiana --Insurance Tax: Surplus Lines Insurance Compact Adopted_
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5/12/2011 - _Indiana --Corporate, Personal Income Taxes: Bill Signed to Lower Corporate Tax Rates, Eliminate NOL Carrybacks_
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5/12/2011 - _Indiana --Sales and Use Tax: Bill Increases Local Innkeeper's Tax, Extends Nashville Food and Beverage Tax, Amends Other Provisions_
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