Insights
August 2024 Bailey Cavalieri’s own Elan Kandel and James Talbert in collaboration with Sarah Abrams of Bowhead Specialty Underwriters, Inc., have co-authored an insightful piece on dividend recapitalization for the D&O Diary with Kevin M. LaCroix, attorney and Executive Vice... Read More
September 2023 On July 4, 2023, Governor Mike DeWine signed the Ohio Biennial Budget Bill (House Bill 33) into law. Included in the Budget Bill are dramatic changes to the Ohio personal income tax and commercial activity tax. Personal Income... Read More
June 2023 Rhode Island companion bills S 759 and HB 5732 were signed by the Governor on June 20, 2023. The new law requires sellers of gift cards to display a “conspicuous notice, in a form prescribed by the department... Read More
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June 2024 Rhode Island is on the verge of enacting legislation that will require retailers to post a warning about gift card scams. Similar to legislation that was recently enacted in New York, companion bills S 759 and HB 5732... Read More
May 2023 Effective June 20, 2023, sellers of gift cards in New York will be required to post a warning of potential gift card scams. The New York Division of Consumer Protection released model notice language on May 25,... Read More
March 2023 Certain states have recently enacted or proposed legislation requiring sellers of gift cards to warn customers and employees about gift card scams and what to do if they encounter such a scam. This month’s Client Alert summarizes new... Read More
March 2023 The Ohio legislature recently passed Senate Bill 210, permitting spouses to enter into a postnuptial agreement. Newly revised Section 3103.06 of the Ohio Revised Code permits spouses to enter into an agreement or transaction with one another that... Read More
March 2023 The March 31 deadline to file property tax challenges rapidly approaches. This is the first cycle after Ohio enacted fundamental property tax reform. House Bill 126 now restricts the school districts’ ability to challenge property tax values for... Read More
Kicking the New Year off with an unpopular bang, the Federal Trade Commission (“FTC”) announced a Proposed Rule in January 2023 that would broadly ban non-compete agreements between employers and their workers. (The proposed rule is available at: https://www.ftc.gov/legal-library/browse/federal-register-notices/non-compete-clause-rulemaking (issued... Read More
For 2023, the IRS announced increased exemption amounts for gift, estate, and generation-skipping transfer taxes. Because of inflation, these increases are the largest-ever, and offer tremendous wealth transfer planning opportunities. The gift tax annual exclusion increased this year by $1,000... Read More
November 2022 Ohio Governor Mike DeWine recently signed Senate Bill 246, which will save many Ohio taxpayers thousands of dollars in federal income tax. Senate Bill 246 (the “Bill”) functions as a workaround to the $10,000 state and local tax... Read More
October 2022 Over a decade ago, Ohio fully phased in the Commercial Activity Tax (“CAT”) which replaced the business franchise tax and the personal property tax. The CAT functions as a business privilege tax measured by gross receipts on commercial... Read More