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Pennsylvania's Commonwealth Court Finds NOL Cap Unconstitutional, Grants Refund to Taxpayer
2015-11-25 10:53:08| Wireless - Topix.net
In a 52 decision, the Pennsylvania Commonwealth Court in an en banc panel has held that Pennsylvania's NOL cap violates the Uniformity Clause of the Pennsylvania Constitution, and granted the taxpayer the right to deduct its NOLs without regard to the statutory NOL cap, which resulted in a refund to Nextel.1 Reed Smith represented Nextel in this case, and we previously reported on the NOL cap issue in our October 5, 2015 Alert . For background, during the period at issue in this case , the statutory NOL cap on Pennsylvania's corporate net income tax was the greater of $3 million or 12.5% of taxable income.
Pennsylvania's Commonwealth Court Finds NOL Cap Unconstitutional, Grants Refund to Taxpayer
2015-11-25 02:52:25| Telecom - Topix.net
In a 52 decision, the Pennsylvania Commonwealth Court in an en banc panel has held that Pennsylvania's NOL cap violates the Uniformity Clause of the Pennsylvania Constitution, and granted the taxpayer the right to deduct its NOLs without regard to the statutory NOL cap, which resulted in a refund to Nextel.1 Reed Smith represented Nextel in this case, and we previously reported on the NOL cap issue in our October 5, 2015 Alert . For background, during the period at issue in this case , the statutory NOL cap on Pennsylvania's corporate net income tax was the greater of $3 million or 12.5% of taxable income.
Pennsylvanias Lancaster County Opens Transfer Station at WTE Plant
2015-11-12 09:48:00| Waste Age
Pennsylvanias Lancaster County has opened a $5 million transfer station at the former Harrisburg waste-to-energy (WTE) plant that it bought. read more
Tags: county
transfer
station
plant
Climate change threatens Pennsylvania's forests
2015-11-08 10:04:00| Climate Ark Climate Change & Global Warming Newsfeed
Citizens Voice: The majestic forests that Pennsylvanians are familiar with today wont be the forests that future generations know because of global climate change, says John Quigley, secretary of the Department of Environmental Protection. While outlining his agencys agenda on a number of fronts last week, Quigley mentioned that several species of trees will disappear from the forests in the next 50 years as the earths temperatures warm: Sugar maple trees, the source for Pennsylvanias maple syrup crop, will...
Tags: change
climate
climate change
forests
Aerzen USA Named As One of Pennsylvania's Five Coolest Buildings
2015-10-22 12:31:07| Industrial Newsroom - All News for Today
Keystone Edge Magazine Named Aerzen USA In Pennsylvanias Five Coolest Buildings List. Distinguished juries usually confer architectural honors after lofty deliberations. So when Keystone Edge asked me to select the five recent coolest buildings in Pennsylvania, I felt giddy with power and not a little...
Tags: usa
named
buildings
coolest