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IRS Issues Confusing Guidance on Revamped EV Credit
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IRS Issues Confusing Guidance on Revamped EV Credit

Posted By: Scott Shimick
The Inflation Reduction Act of 2022, P.L. 117-169, revised the credit for electric vehicles (EVs). For vehicles purchased in 2023 through 2032, a credit of up to $7,500 is available to buyers of new qualified plug-in EVs or fuel cell electric vehicles. For many car buyers, this credit will be vital in making the decision to purchase an EV.First, to qualify for the credit, a married, filing jointly, taxpayer must have no more than $300,000 in modified gross income (either for the year of delivery [...]
Tags:   Tax / EV Credit / Electric Vehicle /
Practice Area(s):   Business, Corporate and Commercial
The NY Senate Judiciary Committee Refuses to Advance the Nomination of Presiding Justice LaSalle for a Floor Vote. What Now?
Featured Industry Updates

The NY Senate Judiciary Committee Refuses to Advance the Nomination of Presiding Justice LaSalle for a Floor Vote. What Now?

Posted By: Robert Rosborough
Posted By Rob RosboroughThese are truly uncharted waters. After a 4 hour and 45 minute hearing of unwithering questioning before the NY Senate Judiciary Committee, where Presiding Justice Hector LaSalle reaffirmed his commitment to reproductive and union rights and ensuring all litigants, including criminal defendants, get a fair shot before the courts, the Judiciary Committee took the unprecedented action of refusing to advance Justice LaSalle’s nomination to be New York’s next [...]
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Practice Area(s):   Litigation and Appeals
SLA Serving Up Major Changes to Application Process
Featured Industry Updates

SLA Serving Up Major Changes to Application Process

Posted By: Alexandra Becker
The New York State Liquor Authority (the “SLA”) is taking significant steps to cut down on the agency’s sizable licensing backlog. The current estimated processing time of an application is 24-26 weeks, with even temporary permit processing typically taking close to two months. In an effort to cut down on processing times, the SLA in September announced an initiative to simplify the application process. Thomas Donohue, the Deputy Commissioner of Licensing for the Authority [...]