Tag Archives: Exemption

Iowa proposes BD merger exemption, IA business succession rule

By Jay Fishman, J.D. The Iowa Insurance Division has proposed the following amendments and additions to its securities rules: Adds a merger acquisition exemption from licensing for qualified broker-dealers; Iowa adopts the NASAA model rule’s merger acquisition broker exemption; Changes its … Continue reading

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Rationales for Nonprofit Tax Exemption

In this article, the historical, tax base definition, sovereignty, and subsidiary rationales for why nonprofits are exempt from taxation are examined. The historical rationale explains that one reason nonprofits do not have to pay certain taxes is because its tradition…. … Continue reading

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Reviewing the Credit Union Tax Exemption

The federal tax code exempts several businesses and industries from taxation for various reasons. One example of this is the exemption for state and federal credit unions. As lawmakers continue to evaluate the structure of the tax code, reviewing the … Continue reading

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New Federal Estate Tax Exemption Amount | 2018 Update

What is the New Federal Estate Tax Exemption Amount in 2018? In 2018 the federal Estate Tax Exemption is 11.2 million for an individual or 22.4 million for a married couple. The federal estate tax exemption rate roughly doubled from 2017 … Continue reading

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Widow/er must be unmarried to claim deceased disabled veteran’s property tax exemption

TAX | ADMINISTRATIVE LAW Veterans and their families may be aware that property tax exemption is available for 100% service-connected disabled veterans and disabled veterans suffering with certain specific severe conditions. The state law is found at N.J.S.A. 54:4-3.30.The law … Continue reading

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