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Search OptionsBusinessTreasury and IRS Provide Gross Receipts Safe Harbor for Employers Claiming the CARES Act Employee Retention Credit
On Tuesday, August 10, 2021, the U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued Revenue Procedure 2021-33 (“RP 21-33”), which provides helpful guidance regarding the calculation of gross receipts for purposes of determining an employer’s eligibility for… Senate Appropriations Committee Votes to Expand Vet Access to Medicinal Cannabis
On Wednesday, August 4, 2021, the Senate Appropriations Committee approved an amendment to the Military Construction, Veterans Affairs, and Related Agencies Appropriations Act, 2022 (“2022 VA Appropriations Bill”) that would allow doctors with the Department of Veterans Affairs (“VA”) to recommend… Biden Administration Issues Executive Order on Promoting Competition Podcast
This Krieg DeVault LLP publication should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own lawyer on any specific legal questions you may… After Months of Waiting, We Finally Have Senator Schumer’s Cannabis Bill…Sort of
On Wednesday, July 14, 2021, Senate Majority Leader Chuck Schumer (D-NY), along with Senators Cory Booker (D-NJ) and Ron Wyden (D-OR) released a discussion draft of Senator Schumer’s long-promised cannabis bill. The draft of the Cannabis Administration and Opportunity Act (“Draft”) was released in… Congress Reintroduces Marijuana Data Collection Act: Reevaluating Federal Marijuana Policy
Through a bipartisan effort, the Marijuana Data Collection Act (MDCA) was recently reintroduced into the U.S. Congress. Senator Bob Menendez (D-NJ) introduced the MDCA in the Senate, cosponsored by Senator Rand Paul (R-KY). Reps. Sylvia Garcia (D-TX) and Don Young (R-AK) introduced the MDCA in the… COVID-19 Vaccination Mandates in the Workplace Podcast
This Krieg DeVault LLP publication should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own lawyer on any specific legal questions you may have… U.S. House of Representatives Reintroduces the MORE Act: Will 2021 be the Year Federal Cannabis Prohibition Finally Ends?
On May 28, 2021, the U.S. House of Representatives (House) renewed its efforts to decriminalize cannabis at the federal level by reintroducing the Marijuana Opportunity Reinvestment and Expungement Act of 2021 (MORE Act). A 2020 version of the bill passed the House in December of 2020 with… Indiana Supreme Court Curtails Attempted Expansion of Exceptions to General Rule Regarding Successor Liability in Corporate Transactions
The Indiana Supreme Court recently issued an opinion in New Nello Operating Co., LLC v. CompressAir that clarifies the elements to be met when establishing that a buyer of a business will be liable as the successor to the obligations of the target. Now, to fall under either of two exceptions to the… Governor Holcomb Signs Legislation Modifying Indiana’s Zero Tolerance Per Se Driving Law for Marijuana or Marijuana Metabolite
On April 15, 2021, Governor Eric Holcomb signed Indiana Senate Bill 201 (the “SB 201”) into law, modifying the state’s zero tolerance per se law concerning marijuana and its metabolites codified at Indiana Code Section 9-30-5-1. SB 201 provides an affirmative defense for drivers operating a motor… Secure and Fair Enforcement (SAFE) Banking Act Passes U.S. House…Again
On Monday, April 19, 2021, the U.S. House of Representatives passed the Secure and Fair Enforcement Banking Act of 2021 (the “Act”). The legislation was reintroduced in Congress in late March through a bipartisan effort involving members of both the U.S. House of Representatives (House) and the… Indiana House Votes to Reverse Indiana’s Ban on Smokable Hemp
On Wednesday, February 17, 2021, the Indiana House of Representatives (“Indiana House”) approved House Bill 1224 (“HB 1224”) by a vote of 69 to 28. The bill, which now advances to the Indiana Senate, could result in a reversal of Indiana’s 2019 ban on smokable hemp. Lifting the ban would, according… Indiana Supreme Court Affirms Freedom of Contract Principles in Closely Held Company Valuation Case: Choose Your Words Carefully
On January 28, 2021, the Indiana Supreme Court affirmed freedom of contract principles and upheld discounts of over thirty percent in the fair market valuation of shares in a dispute over the buyback provision in a shareholder agreement among all of the shareholders of a closely held company. In … |
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