CCH TAX NEWS HEADLINES - OCTOBER 5, 2011

CCH TAX NEWS HEADLINES - OCTOBER 5, 2011

_Senate Democrats Plan to Tweak Jobs Bill_

Posted on _10/05/2011_ by _CCH_ Senate Majority Leader Harry Reid, D-Nev., said on October 4 that the Senate will take up President Obama?s jobs bill (American Jobs Bill (HR 12, Sen

1549)) by the end of the month, but not until changes have been made ? _Continue reading ?_ Posted in _Federal Tax Headlines_ |_Leave a comment_ _House Approves CR Spending Bill through Mid-November_ Posted on _10/05/2011_ by _CCH_ The House on October 4 passed, by a vote of 352 to 66, a temporary stop-gap funding measure to keep government agencies funded until November 18, 2011. Lawmakers cleared the Continuing Appropriations Act, 2012 (H.R. 2608) for President Obama?s signature. ? _Continue reading ?_ Posted in _Federal Tax Headlines_ |_Leave a comment_ STATE TAX HEADLINES _Texas ~ Corporate Income Tax: Combined Groups With Business Loss Carryforward Credit Required to Verify Certain Information_ Posted on _10/05/2011_ by _CCH_ The Texas Comptroller of Public Accounts has announced that combined groups that claimed a temporary franchise tax credit for business loss carryforward on a 2008, 2009 or 2010 franchise tax report will be required to verify certain information. Texas allows ? _Continue reading ?_ Posted in _State Tax Headlines_ |_Leave a comment_ _Pennsylvania ~ Sales and Use Tax: Introduced Bill Contains Click-Through and Affiliate Nexus Provisions, Remote-Seller Notice and Reporting Requirements_ Posted on _10/05/2011_ by _CCH_ A bill introduced in the Pennsylvania House of Representatives would, if enacted as currently drafted, expand the sales and use tax definition of ? maintaining a place of business in this Commonwealth? under the Tax Reform Code to include the following ? _Continue reading ?_ Posted in _State Tax Headlines_ |_Leave a comment_