On July 25, 2025, the Internal Revenue Service (IRS) released Private Letter Ruling 202530002, where it summarized the requirements for aggregating separate nonoperating mineral interests into a single property under Section 614(e) of the Internal Revenue Code (Code) and Section 1.614-5(d) of the Treasury Regulations (Regulations) for purposes of computing the depletion deduction. Under Section
Last week, the Louisiana Department of Revenue (the “Department”) issued guidance regarding recent sales and use tax law changes.
The Louisiana Department of Revenue (LDR) recently issued Louisiana Revenue Information Bulletin No. 25-022, 08/08/2025, announcing changes to the sales tax exemption for certain purchases made by construction contractors.
Exemption for certain construction contracts
During the 2025 Regular Session, the Louisiana Legislature extended the sales tax exemption to certain purchases by general contractors and
The IRS recently added 21 new chemicals to the List of taxable substances subject to the Superfund Chemical Excise Taxes and corrected a typographical error in guidance on the spelling of sodium nitrilotriacetate monohydrate and prescribed a tax rate of $3.97 per ton for the substance, effective July 1, 2022.
The Superfund Chemical Excise Taxes
The Court of Chancery of Delaware recently validated the Delaware asset protection trust laws and rejected a creditor’s attempt to seize assets held in a Delaware asset protection trust in order to enforce a $14 million judgment from Michigan against the trust’s grantor. In the Matter of the CES 2007 Trust. The creditor alleged that
On December 30, 2024, the Department of the Treasury (the “Department”) finalized regulations regarding information reporting by brokers who operate decentralized finance (DeFi) platforms in T.D. 10021.
Under Louisiana’s newly amended unemployment compensation law, effective August 1, 2025, employers now have ten days after an employee’s separation from employment to send a separation notice to the Louisiana Workforce Commission.
President Trump signed the “Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025” (the “GENIUS Act” or the “Act”) into law on July 18, 2025, providing a comprehensive framework for regulating the issuance, sale, exchange, and oversight of stablecoins used for payments. Enacted by bipartisan vote, this legislation is a significant step in
The recently passed One Big Beautiful Bill Act contains several tax and development provisions that affect how real estate is owned, transferred, and developed in the United States. Below are key takeaways for real estate investors, developers, and owners.
The estate and gift tax exemption threshold has been permanently increased from $10
Louisiana has a new renewable energy law on the books, Act No. 279, set to take effect on August 1, 2025. It provides for the regulation of solar facilities, renewable energy batteries, and onshore wind projects, all under the permitting authority of the Louisiana Department of Energy and Natural Resources (LDENR). The solar facility piece