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" ... Cole next argued that he decided to empty out and close down Cole of Orlando when Florida repealed its intangibles tax such that there were not longer any benefits to maintaining the limited partnership. The Court didn't doubt that Cole's reason for shutting down the limited partnership, but noted that such did not explain why Cole of Orlando transferred its cash to William and Terra not individually, but as TBE property which was exempt from PRN collection efforts. Thus, based on this and other undisputed facts, the court ruled that William had caused Cole of Orlando to transfer the nearly $4 million to his and Terre's TBE account for the purpose of hindering, delaying or defrauding PRN. ... "
" ... In Kern County's California City: A parcel tax renewal (Measure B) was defeated on the ballot during a special election held on April 10, 2018. A parcel tax is a tax based on the assessed value of characteristics of a parcel, rather than the assessed value of the property. Parcels can be divided by single-family homes, acres, by apartment units or by square footage, to name a few. If passed, the measure would have renewed the existing special parcel tax not to exceed the rate of $150 per parcel until repealed by voters. A 2/3 majority vote was required to pass the measure. A total of 1,879 voters voted on this measure, with 774 (41 percent) voting no. This measure returned a voter participation rate of 31 percent. ... "
" ... In the aftermath of the Financial Crisis of 2007-2008, it was determined that a key proponent of the collapse of the financial services industry was the combination of dizzying degrees of leverage (during the crisis, bank leverage climbed from 12:1 to upwards of 30:1 in some instances) and a slow and steady increase in risk appetite. This increase was borne of a low-interest rate era sparked by the bursting of the 2000 Dotcom bubble, the September 11 attacks and an ensuing recession from 2000-2003. As in any low-interest rate environment, the banks sought ways to maximize their Net Interest Margin (NIM) to maintain profitability and share prices. Concurrently, banks were enjoying the first years of the Graham-Leach-Billey Act, which repealed the Glass-Steagall Act and enabled the rise of the financial superstore. Merging commercial bank balance sheets (and cheap deposits) with investment bank know-how would help the financial system (and the clients it served) realize untold synergies powered by the ability to cross-sell. Citigroup was the poster child for this era as it bundled the Citibank global franchise with its Salomon Brothers capital markets expertise and Smith Barney retail presence— not to mention Travelers Insurance and its Diners Club businesses among others. ... "
" ... Nelson: It’s for those who simply don’t want to pay any taxes. That’s right, 2020 is your chance. The CAREs Act temporarily repealed the adjusted gross income, or AGI, limit for cash charitable contributions. ... "
" ... The Trump Administration’s 2019 Rule repealed and replaced the Clean Power Plan that had been implemented in 2015 by the EPA under President Obama. The D.C. Circuit Court of Appeals dismissed as moot the proceedings in the West Virginia case challenging the Obama Administration’s 2015 Clean Power Plan on September 17, 2019, eleven days after the effective date of the EPA’s new rule repealing the 2015 Clean Power Plan and finalizing the final Affordable Clean Energy rule in its place. ... "