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New Legislation Inflation Adjustments

Fisher Phillips

Nevada Limits FMLA Certification Fees Starting in 2026: What Employers Should Know About AB 305

Fisher Phillips on

Nevada will soon impose new limits on fees health care providers can charge employees for completing paperwork required under the federal Family and Medical Leave Act (FMLA). Assembly Bill 305, which was recently approved by...more

BakerHostetler

Congratulations, Promotion Sponsors – You’ve Won Less Prize Paperwork!

BakerHostetler on

Great news for brands operating consumer promotions, sweepstakes, and contests! Effective for the 2026 tax year, the One Big Beautiful Bill Act (P.L. No. 119-21) raises the threshold for issuance of a Form 1099-MISC from $600...more

Williams Mullen

Implications of the One Big Beautiful Bill Act on the Basic Exclusion Amount and GST Exemption

Williams Mullen on

By way of background, in 2012, the basic exclusion amount and GST exemption were permanently increased to $5 million, with that amount indexed for inflation. The 2017 Tax Cuts and Jobs Act (TCJA), temporarily increased the...more

Perkins Coie

Significant Changes by the One Big Beautiful Bill Act to the Qualified Small Business Stock Provisions of Section 1202

Perkins Coie on

Key Takeaways - - The One Big Beautiful Bill Act represents the most significant expansion of QSBS tax benefits since 2010. - Among other significant changes, the One Big Beautiful Bill Act introduces a tiered QSBS...more

Littler

Tax Bill Changes 1099 Reporting Thresholds

Littler on

The “One Big Beautiful Bill Act” signed into law on July 4, 2025, makes two important changes to tax reporting requirements that should be of interest to employers....more

Ogletree, Deakins, Nash, Smoak & Stewart,...

German Employment Law Fall 2022 Update: Bonuses, COVID-19, and Annual Leave Entitlements

​​​​​​​This fall and winter season, employers in Germany have several developments in German employment law to put on their radars, including optional bonus pay due to the spike in energy costs; workplace safety and health...more

Wilson Sonsini Goodrich & Rosati

Inflation Reduction Act Signed into Law: Important Tax Provisions and Energy Incentives You Need to Know

On August 12, 2022, the U.S. House of Representatives approved H.R. 5376, the "Inflation Reduction Act" (the Act), which was signed into law by President Biden on August 16, 2022. The approval and subsequent enactment follow...more

Brownstein Hyatt Farber Schreck

Summary of Health Care Provisions in the Inflation Reduction Act

After more than a year of negotiations, the House and Senate Democrats have advanced some of President Joe Biden’s highest policy priorities. The landmark legislation, entitled the Inflation Reduction Act of 2022 (IRA), makes...more

Wilson Sonsini Goodrich & Rosati

Understanding and Unlocking the IRA and Clean Energy & Climate Solutions Federal Funding Opportunities

Wilson Sonsini’s Energy and Climate Solutions group celebrates the historic passage of the energy and climate provisions of the Inflation Reduction Act of 2022 (IRA). Like our clients, we are mission-driven and laser-focused...more

Brownstein Hyatt Farber Schreck

Senate-Passed Inflation Reduction Act (IRA): Tax Policy – Summary and Analysis

This document summarizes the tax provisions included in the Inflation Reduction Act (IRA) of 2022 that passed the Senate on Aug. 7, 2022. Modifications made to the bill by floor amendment are bolded and highlighted in blue. ...more

Brownstein Hyatt Farber Schreck

Senate Concludes Vote-a-Rama, Passes Inflation Reduction Act

The Senate voted to pass the $750 billion Inflation Reduction Act (H.R. 5376) along party lines (51-50) this afternoon, concluding a marathon session that began Saturday evening. As expected, Vice President Kamala Harris cast...more

A&O Shearman

Inflation Reduction Act of 2022: New Corporate Book Minimum Tax and Changes for Carried Interests

A&O Shearman on

On July 27, 2022, Senators Manchin and Schumer announced that they agreed to a proposed reconciliation package, the Inflation Reduction Act of 2022, H.R. 5376 (the “Bill”). If enacted, the Bill would finance climate programs,...more

McDermott Will & Schulte

Up, Up and Away: 2020 Increased Penalties for Employee Benefit Plans

For 2020, legislation enacted in December of 2019 dramatically increases penalties imposed by the Internal Revenue Code (the Code) for late filing of certain employee benefit plan notices and reports. In addition, a final...more

Akin Gump Strauss Hauer & Feld LLP

President Trump Signs Tax Reform Bill into Law

On December 15, 2017, the House and Senate conference committee agreed on the terms of the final tax reform bill, previously referred to as the “Tax Cuts and Jobs Act” (the “Act”), which was subsequently approved by both...more

Fisher Phillips

The November Surprise: OSHA Raises Penalties 82% And No One Notices

Fisher Phillips on

Employers woke up to a surprise on November 3. That’s when we learned that the Federal Budget Agreement, which was quickly worked out behind closed doors and signed the day before, includes surprise provisions authorizing the...more

Proskauer - Employee Benefits & Executive...

Bipartisan Budget Act Extends MAP-21 Pension Funding Relief and Increases PBGC Premiums

On Monday, November 1, 2015, President Obama signed into law the Bipartisan Budget Act of 2015 (the “BBA”) which brings familiar changes for sponsors of defined benefit pension plans. Similar to the Moving Ahead for Progress...more

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