Insights

Major tax legislative updates occurred as part of the 86th Texas Legislature: Sales and Use Taxes Marketplace providers (HB 1525) Texas, and several other states, have enacted legislation that requires marketplace providers to collect and remit sales tax on behalf...

The real estate investment trust (REIT) has been a preferred vehicle for investment in income producing real estate portfolios. The REIT provides investors with many federal income tax benefits associated with C-corporations, generally with only a single level of federal...

Good news for tax-exempt organizations! The “Further Consolidated Appropriations Act, 2020” (H.R. 1865 — 116th Congress (2019-2020)) (the “Act”) signed into law on December 20, 2019, retroactively repealed Section 512(a)(7) of the Internal Revenue Code of 1986, often referred to...

Now that 2020 is almost here, corporations should be aware of IRS reporting requirements regarding certain 2019 stock transactions with their employees. Section 6039 of the Internal Revenue Code of 1986, as amended (the “Code”), requires a corporation to report...

Today, December 12, the Department of Labor filed1 a Final Rule clarifying the types of benefits that must be included in the “regular rate of pay.” Under the Fair Labor Standards Act (FLSA), employers must pay workers at least the...

In this webinar, we discussed why it is critical to actively participate in and influence the review process leading up to a federal permit decision. Getting a permit quickly may not be sufficient if the agency has made basic mistakes...

Today, San Antonio Judge Peter Sakai granted a temporary injunction preventing the City’s Sick and Safe Leave Ordinance from taking effect. The Ordinance’s December 1, 2019, effective date has been indefinitely delayed. Judge Sakai stated that a full trial to...

House Democrats today released their long-awaited package of clean energy tax incentives, the Growing Renewable Energy and Efficiency Now (GREEN) Act. In a release accompanying the legislative text and section-by-section summary, Ways and Means Select Revenue Subcommittee Chairman Mike Thompson...

Bracewell Partner Robert Nichols tackled the layers of drug testing laws and regulations affecting employers. Our webinar explored trends we see across the country and explain how to stay complaint no matter where your business operates. Special emphasis was given...

Leslie Selig Byrd and Amber Dodds discuss the increasing number of state laws and local ordinances requiring paid leave benefits to employees. Many of these require a minimum number of hours of accrued paid time off for illness or preventative...

On November 5, 2019, Bracewell attorneys Amy Karff Halevy and Becky Baker discussed the ways in which sexual harassment and discrimination laws are dramatically changing at the state and local level in the wake of the #MeToo movement. The webinar...

Since the 2017 announcement that the London interbank offered rate (“LIBOR”) may be phased out after the end of 2021, the municipal finance industry has been concerned that changes to debt obligations and related financial products necessary to address the...

The federal and state environmental agencies have a vast array of enforcement tools with which they seek to impose penalties or require significant capital and process improvements on the part of the regulated community in circumstances where the agencies identify...