CCH TAX NEWS for May 16, 2008

FEDERAL NEWS

Senate Sends Farm Bill to White House
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#1

Ways and Means Committee Adopts Tax Extender Legislation
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#2

AMT Assessments Arising from Disallowed NOL Carrybacks Timely;
Limitations Period Began with Loss Year, Not Carryback Year (Nemitz,
TC)
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#3

Innocent Spouse Claimant May Introduce New Evidence in Tax Court
(Porter, TC)http://tax.cchgroup.com/news/headlines/2008/
nws51608.htm#4

STATE NEWS

California --Sales and Use Tax: Governor Presents Revised Budget
Proposal
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#5

New Jersey --Corporate Income Tax: Taxpayer Could Not Apportion Income
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#6