On July 4, 2025, President Trump signed the “One Big Beautiful Bill Act” (the “OBBB”), which makes a number of highly beneficial changes to the tax treatment of Qualified Small Business Stock (“QSBS”) acquired by “non-corporate” taxpayers after July 4,
Tax Blog
The Tax Blog published by Dickinson Wright focuses on legal developments and regulatory changes affecting taxation and related compliance issues. It covers topics such as tax incentives for small business investments, regulatory updates on hemp-derived products, cybersecurity requirements impacting government contractors, environmental law decisions related to emissions, and cross-border data transfer regulations. The blog addresses federal and state tax law implications, administrative rulings, and enforcement actions, providing insights relevant to businesses, investors, and legal practitioners navigating complex tax and regulatory landscapes.
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Ohio Department of Development Updates QEP PILOT Construction Reporting Process
The Ohio Department of Development (“ODOD”) has made some changes to documents provided by renewable energy projects that have received certification as a Qualified Energy Project (“QEP”) in the Payment in Lieu of Taxes (“PILOT”) program under R.C. 5727.75:
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Tennessee Update: TABC to Honor Existing Agriculture Licenses for Hemp-Derived Products
We are pleased to provide an update to our recent Client Alert regarding Tennessee’s new law transferring oversight of hemp-derived cannabinoid products (HDCPs) from the Department of Agriculture to the Tennessee Alcoholic Beverage Commission (TABC), effective January 1, 2026. TABC…
Ohio’s Cyber Law for Local Governments: 5 Steps Over 75 Days to Meet the September 29 Deadline
In its FY 2026 budget, Ohio quietly folded in a sweeping cybersecurity mandate that will require every “political subdivision” to have a cybersecurity program that aligns with recognized industry frameworks and adopt strict new rules around ransomware response by September…
The Hazards of Not Changing Beneficiaries Post-Divorce
A recent case by the Tennessee Court of Appeals highlights the importance of changing one’s insurance and retirement policy beneficiaries after divorce. This is true no matter what the divorce documents say and no matter what any order signed by…
Rule Interrupted: “Click-to-Cancel” is “Click-to-Gone”
The Federal Trade Commission’s (FTC) negative option rule, better known as the “Click-to-Cancel” rule, which was set to go into effect July 14, 2025, has been vacated in its entirely by the Eighth Circuit in Custom Communications, Inc. v. FTC…
Major Updates to Florida’s Rulemaking Process – What You Need to Know
Effective July 1, 2025, Florida has significantly revised how state agencies develop and adopt regulations. These changes, enacted under Chapter 2025-189, Laws of Florida, aim to increase transparency, consistency, and public involvement in the rulemaking process. Below is a summary…
Texas Passes TRAIGA: What the New AI Law Means for Your Business
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Artificial Intelligence and Lawyering: Why Machines Can’t Do Our Jobs
Just about every week, someone asks one of us how our work is being affected by artificial intelligence (“AI”), and especially about the large language models (“LLMs”), such as ChatGPT, that have become prevalent in everyday life. As commercial litigators,…
The Air Force “Contractor Responsibility Watch List” De Facto Debarment for Space Companies?
The Air Force is showing increased interest in using its Contractor Responsibility Watch List (CRWL). This is for companies that, in the agency’s view, should be blocked from further space projects. The CRWL skips over the debarment process for contracts…