On October 14, 2016, the Nebraska Supreme Court held a taxpayer was eligible for the special capital gains exclusion based on a plain reading of the statute and that the economic substance and sham transaction doctrines could not be used to disallow the Nebraska special capital gains exclusion. The special […]
Publications
Outdated Business Associate Agreement Results in OCR Settlement
At the end of September 2016, the Office for Civil Rights (“OCR”) announced a settlement with Care New England Health System (“CNE”), the parent company of several covered entity hospitals. The sole reason for the settlement was impermissible disclosures made as a result of an outdated business associate agreement (BAA). […]
Special Capital Gains Exclusion
On October 14, 2016, the Nebraska Supreme Court held a taxpayer was eligible for the special capital gains exclusion based on a plain reading of Nebraska Revised Statutes section 77-2715.09, and the economic substance and sham transaction doctrines did not disallow the Nebraska special capital gains exclusion. The special capital […]
Additional Guidance on the Nameplate Capacity Tax
The Nebraska Department of Revenue (the “Department”) recently issued additional guidance on the nameplate capacity tax. The nameplate capacity tax is imposed on a facility that generates electricity using wind, solar, biomass, and landfill gas as a fuel source. The tax is $3,518 per megawatt of nameplate capacity. Tangible personal […]
Optical Disk Drive Antitrust Settlement
If you purchased a desktop or laptop computer with a DVD or CD drive during the period of April 2003 to December 2008, you may be eligible for an award under the Optical Disk Drive Antitrust Settlement. This Settlement is the second of two that have been entered into stemming […]