LateST from Strauss Troy.

Kentucky employers, don’t forget that recent changes to Kentucky’s Adoption Leave Law take effect today!HB 210, which was signed by Governor Beshear on March 23, 2021, makes several amendments to Kentucky’s Adoption Leave law (KRS 337.015) which become effective as of July 29, 2021.

On April 27, 2021, Governor Mike DeWine signed the unprecedented Ohio Senate Bill 57 into law. This new law allows an owner or tenant of an income-producing property impacted by COVID-19 (or by state orders associated with COVID-19) to file a “special” property tax valuation complaint. Property tax bills are generally calculated as of January 1 of each year. However, since COVID-19 did not impact Ohio businesses until around March 2020, a January 1 tax lien date does not take its challenging effects into account.

If you’re a fan of one of the many NCAA member institutions in our area, you may be wondering why the NCAA recently appeared before the United States Supreme Court. If so, here’s a quick explainer. The case I’m referring to is National Collegiate Athletic Association v. Alston, and its oral argument was heard by the US Supreme Court on March 31.

In the waning hours of the 2021 Legislative Session, the Kentucky General Assembly passed Senate Bill 5 in an effort to shield business and premises owners from potential claims arising from COVID-19. The Bill became law on April 11, 2021, after Governor Andy Beshear failed to sign or veto it within ten days of passage.

James D. Houston has been selected as a member of the Federation of Defense & Corporate Counsel, an international organization of civil defense attorneys who are recognized leaders in the legal community.

Strauss Troy attorney Kenneth Kinder II and his wife, Michelle, have endowed a scholarship at Northern Kentucky University Chase College of Law for students from Eastern Kentucky. The Kenneth H. And Michelle R. Kinder II Endowed Scholarship for Eastern Kentucky will be awarded on the basis of high academic promise to students from any of 11 Eastern Kentucky Counties, with a preference for students interested in tax law, estate planning law, or entrepreneurship law.

The Internal Revenue Service has issued guidance on the Unemployment Exclusion. For those who have already filed taxes for 2020, there is no need to amend your 202 return. Click for more information from the IRS.

The premium tax credit (PTC) is a refundable credit that assists individuals and families in paying for health insurance obtained through a Marketplace established under the Affordable Care Act. Recent COVID relief legislation (the 2021 American Rescue Plan Act, or ARPA) made several significant enhancements to this credit. Here is an overview of these changes.

The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, is the latest major legislation that provides economic relief and stimulus, both tax and non-tax, during the Covid-19 pandemic.Below are brief summaries of the key aspects of the tax provisions in ARPA.

The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, extended and significantly modified the payroll tax credits for qualifying sick leave and family leave wages. Below is a summary of the key provisions.

The American Rescue Plan Act (ARPA) enacted March 11 includes a substantial increase in the limits for dependent care under Flexible Spending Plans (Section 125 cafeteria plans) as well as increasing the tax credit for child care for calendar year 2021. Combined with the flexibility to make changes to plan elections mid-year, the increase will offer significant tax relief to those incurring high dependent care costs.

I am writing to let you know about improvements made by the American Rescue Plan Act (ARPA) to the child and dependent care tax credit for the 2021 tax year, i.e., the credit available for expenses a taxpayer pays for the care of qualifying individual(s) under the age of 13 so that the taxpayer can be gainfully employed.