Business
Posted by:
Kendall A. Schnurpel and Robert A. Greising
on August 12, 2021
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…
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Posted by:
Kendall A. Schnurpel and
on August 9, 2021
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…
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Posted by:
Scott S. Morrisson, Elizabeth M. Roberson, and George C. Lepeniotis
on July 21, 2021
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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…
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Posted by:
Kendall A. Schnurpel and Kyle P. Chambers
on July 15, 2021
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…
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Posted by:
and Kendall A. Schnurpel
on June 28, 2021
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…
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Posted by:
Amy J. Adolay and George C. Lepeniotis
on June 21, 2021
 
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…
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Posted by:
Kendall A. Schnurpel and Kate Trinkle
on June 14, 2021
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…
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Posted by:
C. Daniel Motsinger and Robert A. Greising
on May 7, 2021
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…
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Posted by:
and Kendall A. Schnurpel
on April 20, 2021
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…
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Posted by:
Kendall A. Schnurpel and Kyle P. Chambers
on April 20, 2021
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…
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Posted by:
Kendall A. Schnurpel and Mathew W. Norris
on February 24, 2021
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…
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Posted by:
Robert A. Greising and Virginia A. Talley
on February 2, 2021
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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