Vorys has released a white paper that provides the history behind the Supreme Court of Pennsylvania's long awaited decision in Gregg v. Ameriprise Financial and outlines how this decision affects Pennsylvania business owners.
In this edition of Development Incentives Quarterly, we welcome Jim Staton, senior vice president and chief business development officer for the Indiana Economic Development Corporation (IEDC).
On December 29, 2020, Governor Mike DeWine signed Amended Substitute Senate Bill 39 (S.B. 39), which creates the Transformational Mixed-Use Development (TMUD) Tax Credit.
We virtually welcomed in February more than 200 guests at Vorys’ sixth annual Economic Development Incentives Conference – the nation’s largest annual conference focused on economic development incentives.
Vorys attorney Hilary Houston authored an article for the January/February 2021 issue of Taxation of Exempts, a Thomson Reuters journal about whether 501(c)(3) nonprofit organizations are subject to real property taxation.
Eve Stratton, of counsel in the Vorys Columbus office who prior to joining Vorys was a justice on the Supreme Court of Ohio, co-authored an article for Dayton Daily News about the recently passed Senate Bill 256 which provides guidelines for the sentencing of youth offenders based on research and science.
Even in the midst of the coronavirus (COVID-19) pandemic, the Securities and Exchange Commission (SEC) staff continued to update and streamline disclosure requirements applicable to public reporting companies.
Pennsylvania Governor Tom Wolf in July signed House Bill 732, which created a new transferable tax credit for businesses manufacturing fertilizers and petrochemicals using dry natural gas.
Nondisclosure agreements (NDAs) or confidentiality agreements are commonplace in commercial transactions, especially in deals that are negotiated privately before any public disclosure, or if parties need to share proprietary information.
The transfer tax system (estate, gift and generation-skipping transfer taxes) taxes transfers during lifetime and at death, which, in effect, exceed a set exemption amount.
Jackie Ford conducted an interview for Texas Lawyer titled "What Employers May Encounter As Employees Return to Work." The article focuses on the potential hurdles employers may encounter as some states begin to ease lockdowns and employees re-enter the workforce.
Janay Stevens, an associate in the Columbus office, and Michael Griffaton, of counsel in the Columbus office, authored an article for the Columbus Bar Association titled "Mandatory COVID Vaccinations: There is No Vaccine Against Legal Risk." The article discussing potential legal risks for employers who require employees to receive a vaccine for COVID-19.
As a result of the COVID-19 pandemic, the U.S. Senate passed multiple phases of federal Coronavirus relief legislation, including the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), the third phase of the legislation.
A recent Cease and Desist consent order published by the Federal Reserve Board involving disclosure actions by a (now former) bank employee helps to illustrate the importance of understanding what constitutes “confidential supervisory information” (CSI), the importance of maintaining the confidentiality of CSI, and the importance of educating bank employees, directors and other institution-affiliated parties in that regard.