Two important, and cutting-edge, issues that have been the subject of ongoing recent debate between the State and Local Advisory Council (SLAC) and the Business Advisory Council are the (1) SSUTA's "multiple points of use" (MPU) provisions
and (2) potential adoption of a "digital goods" definition.
The first of these modify existing provisions
relates to the foreign sales corporation and extraterritorial income regimes.
The revenue offset provisions
in the bill that are of concern to TEI have no counterparts in the Tax Relief Extension Reconciliation Act of 2005 (H.
It includes a large cadre of conservative constitutionalists strongly critical of Patriot Act provisions
that make it easier for the government to intrude on personal privacy rights and civil liberties without judicial review or Congressional oversight.
The recently enacted FACT Act amends the FCRA and requires the Board and the FTC, within sixty days of enactment, to adopt final rules establishing the effective dates for provisions
of the FACT Act that do not have a statutorily prescribed effective date.
Although the act establishes requirements for the payment of contractors, subcontractors and materialmen, parties are free to vary payment obligations in a formal construction contract; although certain provisions
are deemed void by the act and may not be varied by contract.
The buyback agreements included not only buyback agreements for corporate stock but also the buyback provisions
included in partnership agreements.
So much is hidden, and recognizing the interplay of new provisions
with existing law is crucial.
President Clinton signed a $265 billion defense authorization bill Saturday while promising he would not enforce a "blatantly discriminatory" provision
of the bill requiring the Pentagon to discharge troops who have the virus that causes AIDS.
Management and service contracts entered into, materially modified, or extended (other than pursuant to a renewal option) after March 15, 1993, are subject to the provisions
Some commentators believe that the air toxics provisions
will affect the largest number of facilities and have the highest cost of any of the new programs in the 1990 Amendments.
Among its provisions
were several involving international taxes.