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Searching Content by Keith Staats from McDermott Will & Emery ordered by Published Date Descending.
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Illinois Supreme Court Property Tax Decision Carries Implications for Charitable Organizations
Illinois hospitals, as well as other charitable organizations in and outside of Illinois, should consider the impact of the Illinois Supreme Court's decision upholding the Illinois Department of Revenue's determination that Provena Hospitals, an Illinois nonprofit corporation that owns and operates Provena Covenant Medical Center, was not entitled to a charitable or religious exemption from real property taxes.
United States
7 Apr 2010
2
Illinois Recognizes New Business Entity That Mixes For-Profit And Nonprofit Elements
L3Cs are designed to meet the federal tax law's requirements for attracting social purpose investments from private foundations.
United States
15 Sep 2009
3
Illinois "Corporate Loophole" Legislation (Senate Bill 1544) Sent To The Governor
The Illinois General Assembly sent the Governor a "corporate loophole" bill (SB 1544) that would eliminate several tax planning opportunities under the Illinois Income Tax Act and rewrite the rules for apportionment of income of service and transportation businesses.
United States
19 Jul 2007
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