Congress Passes Financial Regulations Bill

On Thursday afternoon, July 15, the Senate passed the Dodd-Frank Act (the new name of the “Wall Street Reform and Consumer Financial Protection Act”) on a vote of 60-39.  On June 30, the House of Representatives passed the bill by a vote of 237-192, so now both chambers have passed the same bill that came out … Continue reading

New “Economic Nexus” in Washington State May Impact Franchisors

The following notice was released by the Washington Department of Revenue. Background Effective June 1, 2010, Washington State’s new economic nexus standard goes into effect. The economic nexus standard may be met without a physical presence in Washington. Under the new economic nexus standard, franchise fees, royalty income, and other income from Washington, could become … Continue reading

Amendment 54 Ruled Unconstitutional

From the Denver Post A voter-approved Constitutional amendment barring campaign contributions from unions and some state contractors was  ruled unconstitutional by the state Supreme Court. The 4-1 decision affirms a lower court ruling and potentially wraps up a 16-month-long fight over the constitutionality of a law that opponents said curbed free speech rights and which … Continue reading

Public Tax Hearing – December 2, 2009

The Colorado Department of Revenue will be conducting a public tax hearing on Wednesday, December 2, 2009 at 1375 Sherman St., Room 127, in Denver,  beginning at 9:30 a.m. The following regulations are scheduled to be heard: –    Regulation 39-22-121 Child Care Contribution Credit (revised) –    Regulation 39-22-514 Historic Property Preservation Credit (revised) To view these regulations please go … Continue reading