US Supreme Court to take up California emissions, Wisconsin religious tax exemption cases – JURIST
The US Supreme Court agreed Friday to take up a challenge to California’s vehicle emissions standards as well as a Wisconsin case concerning tax exemptions for religious organizations. In Diamond…
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2024 Updates to QPAM Exemption: New Compliance Deadlines
The U.S. Department of Labor’s (the “DOL”) amendment to the qualified professional asset manager (“QPAM”) prohibited transaction class exemption 84-14 (the “Exemption”) went into effect on June 17, 2024. Current…
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Illinois BIPA Healthcare Exemption Limitation
Healthcare workers’ alleged biometric information “collected, used, and stored to access medications and medical supplies for patient health care treatment” is excluded from coverage under section 10 of Illinois’ Biometric…
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Federal Court Upholds DOL’s Authority to Set Minimum-Salary Test for White-Collar Exemption
The U.S. Department of Labor (DOL) has statutory authority to impose a salary requirement to qualify for an exemption from overtime under the executive, administrative, and professional exemptions under the…
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IRS Increases Gift Tax Exclusion and GST Tax Exemption Limited Time Opportunity
Friday, September 1, 2023 At the beginning of 2023, the Internal Revenue Service (IRS) increased the amounts individuals can gift free of federal gift and generation-skipping transfer (GST) tax. The…
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DOL Releases Proposed White-Collar Exemption Rule, Sets Minimum Salary at $55,068
The U.S. Department of Labor (DOL) has issued a new proposed rule to increase the minimum salary requirements for the “white collar” exemptions (executive, administrative, and professional) from minimum wage…
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