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Indiana Senate Bill 0475 - Unclaimed property. Provides that the unclaimed property law does not apply to a business credit memorandum or a credit balance resulting from a business to business credit memorandum.

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TAX DEVELOPMENTS

Governor Vetoes Major Changes to Texas Enterprise Zone Program.
Governor Rick Perry has vetoed a bill that would have significantly changed the state’s Enterprise Zone Program (“Program”), which provides sales tax refunds to companies... >More

Texas Supreme Court Upholds Sale for Resale Exemption for Items Resold to Fulfill Certain Federal Contracts.
The Texas Supreme Court (“Court”) has upheld a refund of sales taxes paid by a Ryan client on items resold to the United States government.... >More

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