By Attorney Kristin Cooper IRS Form 8038-CP is used by issuers of Build America bonds, recovery zone economic development bonds, and specified tax credit bonds who are electing to receive a direct credit payment equal to a percentage of the interest payments on the bonds from the federal government ("subsidy"...
By Attorneys Rebecca Reif and Lindsay Vaught On Tuesday, September 24, 2019, the United States Department of Labor (DOL) announced a final rule updating the thresholds for "exempt" status from overtime. Due to an increase in the salary threshold applicable to most "white collar" exempt employees, 1.3 million American workers...
By Attorney Ann Smisek Here are the steps and important dates for the recertification election process for collective bargaining agreements that expire June 30, 2020. 1. NO LATER THAN AUGUST 26, 2019, the employer must electronically submit to the Iowa Public Employment Relations Board (PERB) a collective bargaining agreement with...
By Attorneys Beth Grob, Ron Peeler and Jim Wainwright Distribution of Sales Tax Revenue The one cent state sales, services, and use tax has been extended from December 31, 2029 to January 1, 2051. The new law provides for an increase in the amount of sales tax revenue dedicated to...
By Attorney Jenna Sabroske During the 2019 session the Iowa legislature spent considerable time discussing changes to property taxes and limits on local governments' budgets. The Iowa House of Representatives approved a bill addressing these points, Senate File 634, in the early morning of April 25, 2019, after the Iowa...
By Attorney Maria Brownell Two bills affecting local elections take effect on July 1, 2019. House File 566, which was signed into law on May 11, 2017 ("2017 law"), and House File 692, which was signed into law on May 16, 2019 ("2019 law"), include changes to election dates and...
By Attorney Jenna Sabroske Senate File 283, "Relating to Conflicts of Interest in Certain Government Public Contracts," was signed into law by Governor Reynolds on May 3, 2019 and will go into effect on July 1, 2019. Senate File 283 increases the amount of "benefit" that school board directors, county...
The Public Finance practice group is an integral component of Ahlers & Cooney, P.C. Our attorneys practicing in this area represent Iowa cities, counties, utilities, school districts, community colleges and higher education institutions spanning all four corners of our great State. Ahlers' Public Finance attorneys are active members of the...
By attorneys Emily Kolbe, Rebecca Reif, and Miriam Van Heukelem Over a year ago, the U.S. Department of Education ("DOE") repealed several guidance documents on sexual misconduct under Title IX, the federal civil rights law which prohibits sex discrimination in federally-funded education programs and activities, and provided notice of its...
By Attorney Beth Grob Securities and Exchange Commission ("SEC") Rule 15c2-12 (the "Rule") requires dealers, when underwriting certain types of municipal securities, to ensure that the state or local government issuing the bonds enters into an agreement to provide certain information to the Municipal Securities Rulemaking Board ("MSRB") about the...
