On February 15, 2019, the Internal Revenue Service (the “IRS”) released PLR 201907001 (the “Ruling”), a private letter ruling addressing whether certain income related to the leasing of an oil and gas platform, selling of...more
5/3/2019
/ Capital Assets ,
Corporate Counsel ,
Equipment Lease ,
Internal Revenue Code (IRC) ,
IRS ,
Oil & Gas ,
Pipelines ,
Private Letter Rulings ,
REIT ,
Rental Income ,
Storage Tanks
On September 13, 2018, the Internal Revenue Service (the “Service”) released Revenue Procedure 2018-48 (the “Revenue Procedure”), which provides guidance on how certain items of foreign-related income are treated for purposes...more
On May 7, 2018, House Bill 696 was signed into law by Georgia Governor Nathan Deal. The new law exempts qualifying high-technology data centers from Georgia sales and use taxes. With Georgia sales and use tax rates ranging...more