Hundreds of New Regulations

Regulations.gov lists 537 new or final federal rules published in the last 30 days. 517 proposed rules from all publishing dates are still open for comment. These include environmental regulations making coal fired power plants almost impossible to build and home woodstoves much more expensive. Banks and other financial institutions face new Dodd-Frank law regulations.…

All Regulations Are Local

Uber, a location-based limo service, has been excluded from many of the top 20 U.S. cities by local government regulations. See http://eeditionmobile.chicagotribune.com/Olive/Tablet/ChicagoTribune/SharedArticle.aspx?href=CTC%2F2014%2F01%2F06&id=Ar04100. The cab companies it displaces have fought back with new regulations designed to delay service, with lawsuits, and, indeed, with everything except lower prices and better service. What does this mean for your…

New IRS “Social Benefit” Entity Rules

The Internal Revenue Service has announced that it will publish draft guidance defining “candidate-related political activity” as outside of the “social benefit” activity which can qualify an organization for income tax exemption under Section 501(c)(4) of the Internal Revenue Code. See http://tinyurl.com/q2c88gc. This category of exempt organization has been used in recent election cycles to allow…