Effective July 1, 2015, the net operating loss carryback (NOL) will be eliminated and the carryover will be limited to 72% of the carryover. La. Acts 2015, No. ___( HB No. 624 (Rep. Jackson) amending La. R.S. 47:287.86) and La. Acts 2015, No. ____(HB No. 218 (Rep. Broadwater) amending La. R.S. 47:287.86).
Under the bills,
The inventory tax credit is the method used by Louisiana to reimburse taxpayers for the cost of the annual local property taxes paid on the value of inventories. Rather than providing an exemption from local property taxes on inventory, taxpayers pay the local property tax on the value of inventories and are reimbursed by means
In a much-anticipated decision, the Colorado Supreme Court issued a ruling on Monday upholding an employer’s decision to discharge an employee for his off-duty medical marijuana use.
In Coats v. Dish Network, LLC, a quadriplegic employee filed a wrongful termination suit against his former employer, claiming Dish Network violated Colorado’s “lawful activities statute” by
On June 9, 2015, the OIG issued a new Fraud Alert, cautioning physicians who enter into compensation arrangements such as medical directorships to ensure that the arrangements reflect fair market value for bona fide services that the physicians actually provide. The OIG reiterated that a compensation arrangement could violate the Anti-kickback Statute if even one
Judge Ivan Lemelle of the Eastern District of Louisiana re-affirmed the U.S. 5th Circuit’s holding in Amoco Transport Co. v. S/S Mason Lykes, 768 F.2d 659 that the long-standing exclusionary doctrine from Robins Dry Dock v. Flint, 275 U.S. 303, 48 S. Ct. 134 (1927), does not apply when a damaged party shifts some of
On May 5, 2015, in Kelly v. State Farm Fire & Cas. Co., 14-1921 (La. 5/5/15); 2015 WL 2082540, the Louisiana Supreme Court, in response to certified questions from the U.S. Fifth Circuit Court of Appeal, issued a unanimous decision reaffirming and clarifying the duties owed by insurers to their insureds. The Kelly Court
The Louisiana Supreme Court rendered a landmark decision on May 5 holding that gradual hearing loss tort claims against employers are barred because those claims are compensable under the Louisiana Workers Compensation Act (“the Act”) as an “occupational disease” under the Act’s post-1975 definition of that term and as an “accident” under the Act’s pre-1990
Last year, the EPA announced its intention to add or modify a number of AP-42 emission factors, primarily for petroleum refineries, pursuant to a consent decree entered into with Air Alliance Houston, Community In-Power and Development Association, Inc., Louisiana Bucket Brigade and Texas Environmental Justice Advocacy Services (“Plaintiffs”). The EPA informally solicited comments on its
The Occupational Safety and Health Administration (“OSHA”) published a Request for Information (“RFI”) on December 9, 2013 concerning possible changes to the Process Safety Management (“PSM”) program codified at 29 C.F.R. 1910.119. See 78 Fed. Reg. 73756 (Dec. 9, 2013). Likewise, the Environmental Protection Agency (“EPA”) published an RFI on July 31, 2014 relating
On Thursday, March 26, 2015, Petróleos Mexicanos (Mexico’s national oil company better known as Pemex), BlackRock Inc., and First Reserve Corp announced a major investment project that will bring U.S. natural gas to central Mexico. This $900 million USD transaction represents the first large scale infrastructure investment in Mexico since its energy sector was