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Cambridge Engineering Products May Qualify for Extended Tax Deductions

2016-01-20 11:31:11| Industrial Newsroom - All News for Today

Owners of warehouses and other commercial structures could receive 100% deduction for the addition of energy-efficient HTHV products in 2015 and 2016 ST. LOUIS On December 19 of 2015, the President signed into law the Protecting Americans from Tax Hikes Act.  This law includes the extension of the 179D Tax...

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Congress repeals COOL, makes Section 179 tax deductions permanent

2015-12-18 19:44:00| Beef

Measures now await presidents signature. Both chambers of Congress, with bipartisan support, passed the Omnibus Appropriations Bill which funds government activities through fiscal 2016 and repeals COOL. In addition, Congress made Section 179 tax deductions permanent at $500,000. read more

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Should PG&E Be Able To Take State Tax Deductions On San Bruno Blast Fines?

2015-06-28 05:08:26| Energy - Topix.net

Bill saying 'no' introduced Friday. The $1.6 billion in fines and penalties was 'intended to be punitive' and not tax-deductible: CPUC.

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Legislation would bar PG&E tax deductions for $1.6 billion penalty in San Bruno explosion

2015-06-27 00:57:16| Energy - Topix.net

PG&E would not be able to harvest a tax windfall from state authorities by taking a tax deduction for a record-setting $1.6 billion penalty because it caused a fatal explosion in San Bruno, under legislation introduced Friday by two Bay Area state lawmakers. In April, the state Public Utilities Commission imposed a $1.6 billion penalty to punish PG&E for its role in the explosion of natural gas, which killed eight and wrecked a quiet San Bruno neighborhood.

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IRS disallows $2.86B in deductions taken by Tyco

2013-07-02 06:12:38| Electronics - Topix.net

The IRS has informed Tyco International Ltd. that it has disallowed roughly $2.86 billion in interest and deductions recognized by the company in its U.S. tax returns for the 1997-2000 tax years, according to a filing Monday with the Securities and Exchange Commission.

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