The SECURE Act, enacted December 20, 2019, contains significant changes affecting inherited (“stretch”) IRAs, for deaths occurring after December 31, 2019. Prior law allowed a designated beneficiary to take required minimum distributions from an...By: Lathrop Gage
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Effective December 20, 2019, the "Taxpayer Certainty and Disaster Tax Relief Act of 2019" makes two legislative changes of special interest to tax-exempt organizations. Retroactive Repeal of Nonprofit "Parking Tax" - The "Tax Cuts and Jobs Act"...By: Lathrop Gage
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California has some of the most extensive employee protections in the country. California law requires paid leave, paid rest breaks and permits employees to sue for wrongful termination in violation of public policy....By: Lathrop Gage
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The minimum salary necessary to qualify an employee as “exempt” from overtime pay will rise to $684 per week, under a Final Rule announced by the United States Department of Labor. The new salary threshold, an increase from the current $455 per week...By: Lathrop Gage
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A new Chicago ordinance places complicated restrictions on how employers in 7 industries can schedule employees for work. Employers will face stiff financial penalties for failing to follow the new rules....By: Lathrop Gage
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On June 14, 2019 the Kansas Supreme Court ruled in Hilburn v. Enerpipe Ltd (No. 112,765.) that the statutory cap (K.S.A. 60-19a02) on non-economic damages in personal injury actions violates the “right to trial by jury” in Section 5 of the Kansas...By: Lathrop Gage
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