Implementation of New Overtime Rules Put on Hold

On November 22, 2016, a federal court in Texas issued an order granting a nationwide preliminary injunction prohibiting implementation of the Department of Labor’s (the “DOL”) new overtime rules, which were scheduled to take effect December 1, 2016 and would affect approximately 4.2 million workers nationwide. As addressed in our prior article, the DOL finalized…

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Changes to Medical Marijuana Law Under Amendment 2

Amendment 2, which passed during the 2016 General Election, creates more broad use of medical marijuana than that which was authorized under existing statutes adopted in 2014 and subsequently amended in 2015 and 2016. The amendment allows the medical use of marijuana for individuals with debilitating medical conditions as determined by a licensed Florida physician….

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Florida’s Water Crises: Can We Afford The Solutions? (Part II)

With the renewed focus on water projects due to discharges from Lake Okeechobee and a recent surge in blue/green algae, there is also a renewed effort to involve private interests in the development of these projects. This series of articles addresses exceptions to the general rule that government payments received by private landowners as a…

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Stephen Looney Presents at 65th Tulane Tax Institute

Stephen R. Looney, gave a presentation at the 65th Tulane Tax Institute in New Orleans on November 9, 2016. His presentation titled, “S Corporation Merger & Acquisition Issues” focused on sales of assets, stock sales, and stock sales involving qualified stock purchase acquisitions by S corporations, including the application of Section 336(e), allocation of consideration,…

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