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State and Local Tax, Tax, Tax Reform
| 2.7.2018

Proposed Pa. House Bill Would Repeal Department of Revenue Disallowance of 100% Bonus

The recently enacted Tax Cuts and Jobs Act (“Act”) signed into law December 22, 2017 has brought significant changes to the federal tax system.

Energy & Resources, Tax Reform
| 1.16.2018

Geological and Geophysical Costs Now Amortizable Over 24 Months for Certain Non-E&P Companies

Generally, any geological and geophysical (G&G) expenses paid or incurred in connection with the exploration for, or development of, oil or gas within

Energy & Resources, Tax Reform
| 1.15.2018

New PA Withholding Requirement on Royalties, Bonus Payments, Rents and other Business Income

Under Act 43 of 2017, anyone that pays Pennsylvania-source non-employee compensation or business income to a non-resident individual or disregarded entity

Tax, Tax Reform
| 1.15.2018

Disallowance of the Entertainment Expense

The Tax Cuts and Jobs Act permanently repealed most business deductions related to entertainment, amusement, or recreation activities or a facility used

Tax, Tax Reform
| 1.15.2018

New Limitation on Business Losses of Non-Corporate Taxpayers

The Tax Cuts and Jobs Act expanded certain pass-through limitations on losses for non-corporate taxpayers. The new provisions limit the aggregate amount

401(k) Plans, Benefits, Internal Revenue Service
| 11.27.2017

IRS Announces Updates for Contribution Limits and Income Thresholds for Retirement Plans in 2018

Employees who participate in 401(k), 403(b) or 457(b) plans will be able to contribute up to $18,500 in 2018, up from $18,000 for 2017. This limit is aggregated

Construction, Government, Transportation & Logistics
| 11.1.2017

Update on Grant Funding from the Volkswagen Environmental Mitigation Trust Fund

Last year, Volkswagen was found guilty of designing and installing illegal defeat devices for the purpose of evading federal and state emission standards.

Automobile, Digital & Technology, Transportation & Logistics
| 6.28.2017

Smart Belt Coalition Combining Research on Autonomous Vehicles; Pennsylvania Developing Regulations

The Pennsylvania Department of Transportation (PennDOT), Pennsylvania Turnpike Commission (PTC), and Pennsylvania universities have formed the Smart Belt

Automobile, State and Local Tax, Transportation & Logistics
| 1.16.2017

Harsher Penalties for Toll Skippers on PA Turnpike Takes Effect This Summer

75 PA. C.S. § 1380 ("Section 1380") will be taking effect this summer and will allow the PA Transportation Department to suspend the vehicle

Tax
| 12.28.2016

Happy Holidays and Happy New Year from Schneider Downs! New Tax Season Approaching

The IRS has announced that it will begin accepting and processing electronic and paper returns on Monday, January 23, 2017. The deadline to submit 2016

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