CCH - Tax News Headlines October 27, 2008

CCH - Tax News Headlines October 27, 2008

FEDERAL NEWS -

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2008 Adjustment Factor Published; Enhanced Oil Recovery Credit Phased Out (Notice 2008-72)

Applicable Percentages for Depletion of Marginal Oil and Gas Properties Announced (Notice 2008-89)

STATE NEWS Idaho --Corporate Income Tax: Loans Could Not Be Excluded From Apportionment Numerators

Oklahoma --Property Tax: Natural Gas Gathering Facility Not a Centrally Assessable Public Service Corporation

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John Fisher
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