CCH TaxNews Headlines - October 7, 2008
FEDERAL NEWS -
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Relaxes Controlled Foreign Corporation Short-Term Debt Exceptionfor Obligations of U.S Persons (Notice 2008-91) Partners Holding Different Interests Could Make Different Partnership Elections (JT USA LP, TC)STATE NEWS All States --Multiple Taxes: U.S. Supreme Court Rejects Several State Tax Petitions on Opening Day
California --Personal Income Tax: 2008 Tax Rate Schedules, Exemption and Other Amounts Released
California --Miscellaneous Tax: Locally Mandated Health Expenditure Program Not Preempted by ERISA
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