Michigan's single business tax not preempted by ERISA
Article Abstract:
The US Court of Appeals for the Sixth Circuit rule in Thiokol Corp. v. Roberts that the Employee Retirement Income Security Act did not preempt Michigan's single business tax, despite the fact that the tax applied to all compensation including benefit plans. Lower courts had come to opposite conclusions on the issue, with one court finding that mention of qualified plans triggered preemption. The Sixth Circuit applied a three-factor test and found that the state tax did not have a significant effect on the plans covered by federal law.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1996
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IRS and Treasury release 1998 priorities list
Article Abstract:
The US Treasury Dept and the IRS released priority plans for issuing guidance. The annual list includes their plans for 1998 issuances of regulations and guidance under various Tax Code sections. The 1998 list includes many plans for retirement benefits rules. Employment taxes, health care issues, and life insurance are among the other areas scheduled for guidance.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1998
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