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Starting in 2029, vehicle manufacturers must make automatic emergency braking standard in cars and light trucks 


The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) finalized a new Federal Motor Vehicle Safety Standard (FMVSS No. 127) that will make automatic emergency braking (AEB), including pedestrian AEB, standard on all passenger cars and light trucks by September 2029.  The new standard requires all cars be able to stop and avoid contact with a vehicle in front of them up to 62 miles per hour and that the systems must detect pedestrians in both daylight and darkness. In addition, the standard requires that the system apply the brakes automatically up to 90 mph when a collision with a lead vehicle is imminent, and up to 45 mph when a pedestrian is detected. This final rule applies to nearly all U.S. light vehicles (gross vehicle weight rating of 10,000 pounds or less). A Final Regulatory Impact Analysis that presents the benefits and costs associated with the standard is included in the [...]

Starting in 2029, vehicle manufacturers must make automatic emergency braking standard in cars and light trucks 2024-05-11T21:47:35+00:00

Mariana Tejado Joins Ball Pllc As Partner In Austin, Texas


Dr. Mariana Tejado is a Mexican environmental lawyer with over twenty years of experience in environmental law. Her expertise encompasses a wide range of fields, including environmental and natural resource issues, waste management, land use, corporate environmental regulation, environmental impact assessment, water resources management, air emissions, climate change, human rights, and various regulatory aspects of the Mexican energy sector. During her tenure as Director of the Environmental Department at the National Human Rights Commission in Mexico, Mariana had the opportunity to issue recommendations to authorities at all three levels of government, advocating for the protection of the human right to a healthy environment, as well as the rights of indigenous peoples and communities. She has also served as an advisor and consultant to prestigious institutions such as the Commission for Environmental Cooperation of North America, the Inter-American Development Bank, and several Mexican government secretariats, including the Department of Environment. Furthermore, Mariana has provided legal [...]

Mariana Tejado Joins Ball Pllc As Partner In Austin, Texas2024-04-26T16:02:18+00:00

FTC’s “Non-Compete Clause Rule” Faces Immediate Legal Challenge


BACKGROUND: The FTC Act was enacted in 1914. Section 5 of the Act “declared” that “unfair methods of competition in commerce” are “unlawful,” and it “empowered and directed” the Federal Trade Commission (FTC)  “to prevent” entities subject to its jurisdiction from “using” such methods. On January 19, 2023 the FTC proposed the so-called “Non-Compete Clause Rule” pursuant to sections 5 and 6(g) of the FTC Act.  The proposed rule categorically banned employers from using non-competes with all workers and required rescission of all existing non-competes. On April 23, 2024 the FTC voted 3-2 to approve a final version of the rule. To read a copy of the final rule follow this link: https://www.ftc.gov/system/files/ftc_gov/pdf/noncompete-rule.pdf The FTC asserts that non-competes “harm competitive conditions in labor, product, and service markets … suppressing earnings for workers across the labor force … [suppresses] new business formation and innovation.” WHAT IT SAYS: The final rule provides that it is an [...]

FTC’s “Non-Compete Clause Rule” Faces Immediate Legal Challenge2024-04-26T15:59:35+00:00

Department of Labor Expands Application of Overtime Rule


Overtime provisions contained in the Fair Labor Standards Act (FLSA) require that most workers who put in more than 40 hours a week get paid 1.5 times their regular pay for the extra hours they work. Almost all hourly workers are automatically eligible for overtime pay. But workers who are paid on a salary basis are only automatically eligible for overtime pay if they earn below a certain salary. Above that level, employers can claim that workers are “exempt” from overtime pay protection if their job duties are considered “executive, administrative, or professional” (the “EAP exemption”). To fall within the EAP exemption, an employee generally must meet three tests: be paid a salary, (meaning that they are paid a predetermined and fixed amount that is not subject to reduction because of variations in the quality or quantity of work performed); be paid at least a specified weekly salary level, and primarily perform executive, administrative, [...]

Department of Labor Expands Application of Overtime Rule2024-04-25T21:16:41+00:00

Work Opportunity Tax Credit (WOTC)


The WOTC is a federal tax credit available to employers who hire an individual from a WOTC targeted group. Employers must apply for and receive a certification verifying the new hire is a member of a targeted group before they can claim the tax credit (using IRS Form 8850 to perform the calculation in advance). After the required certification is secured, taxable employers claim the WOTC as a general business credit against their income taxes, and tax-exempt employers claim the WOTC against their payroll taxes. It is not refundable. Employers who hire someone that has been unemployed for more than six months may be entitled to up to a $2,400 tax credit; or as much as $9,600 in some cases depending on the targeted group and qualified wages paid to the new employee generally during the first year of employment. Employers can also receive this tax credit if they hire someone that is recently: (i) out of [...]

Work Opportunity Tax Credit (WOTC)2024-04-17T15:16:02+00:00

TRUMP 2.0: What would a second Trump term mean for the business environment?


The 2024 rematch between President Biden and President Trump is months away and looks as if it could be a real nail biter with the outcome potentially decided by a handful of voters in a few swing states. Assuming he prevails, what would a second Trump term mean for business? For policy and global markets? For trade?  How is Trump likely to address geopolitical challenges that could escalate in the next few years? While his first term is an indicator, we would likely see a more robust application of Trump policy the second time around.  To start, he would be freed from the political burden of seeking another term.  A second Trump term would also see a much better organized team enter the White House (no more Omarosa scenarios). According to reports, extensive preparations are being made today with numerous working groups drafting policy documents, executive orders and lists of political appointees for the [...]

TRUMP 2.0: What would a second Trump term mean for the business environment?2024-04-08T20:48:49+00:00

Confused about your reporting requirements under the Corporate Transparency Act? Try starting with this resource.


7 Things You Should Know About the New Federal Reporting Requirement If you own a business, get ready. There’s a new federal reporting requirement for business owners, and you don’t want to ignore it. If you do, the penalties are high. Here are seven key things to know. What is the new requirement? Effective Jan. 1, more than 32 million business owners need to complete a special form called the Beneficial Ownership Information Report. You’ll need to file it with the Financial Crimes Enforcement Network (FinCEN), an arm of the U.S. Department of the Treasury. The form is required as part of the 2021 Corporate Transparency Act. This act aims to reduce money laundering and the concealment of illicit funds by targeting shell companies and many other entities. Who needs to file the Beneficial Ownership Information Report? Entities including corporations, pass-throughs, partnerships, estate and benefit plans, and foreign companies registered to do business in any [...]

Confused about your reporting requirements under the Corporate Transparency Act? Try starting with this resource.2024-03-28T15:15:20+00:00

New Multinational Corporate Tax – European Union


The long-negotiated 15% minimum corporate tax rate for multinational corporations came into force on January 1, 2024 throughout the European Union. The EU becomes the first major region to make this regulation mandatory. The minimum corporate tax is the so-called "second pillar" of the OECD global agreement negotiated in recent years to adapt to the new global reality, where many companies do not necessarily have a physical presence in the countries in which they operate and achieve large profits. In particular, the new directive aims to guarantee effective taxation in situations where the parent company is located outside the EU in a country with low levels of taxation that does not apply equivalent rules. According to OECD calculations, this will force the world's 100 largest multinationals to pay tax on a portion of their profits in the countries where they operate, even if they do not have a physical presence there. The signatories of the OECD [...]

New Multinational Corporate Tax – European Union2024-01-09T21:07:56+00:00

Mexico Nearshoring Tax Incentives


In an effort to capitalize on the nearshoring trend in Mexico which has seen companies move closer to the US in an effort to simplify supply chains, in an Executive Order the government announced a new set of tax incentives for companies looking to relocate operations to the country. The Executive Order applies to investment in fixed assets and will be available until the end of 2024, with benefits ranging from 56% tax relief to 89% on those investments. Below is a summary of the new tax incentives and their application. Click Here to View Full Article

Mexico Nearshoring Tax Incentives2023-10-30T18:49:40+00:00

Interior Department Proposes First-Ever Offshore Wind Sale in Gulf of Mexico


Proposed lease stipulations would prioritize workforce training, domestic supply chain development, fishery protection, and community engagement WASHINGTON —  In another step by the Biden-Harris administration to grow America’s clean energy economy, the Department of the Interior today is proposing the first-ever offshore wind lease sale in the Gulf of Mexico. The announcement is part of the Administration’s latest actions to expand offshore wind opportunities to more regions of the country, building on investments in the President’s Inflation Reduction Act and Bipartisan Infrastructure Law to spur offshore wind deployment and create good-paying jobs for American workers. “America’s clean energy transition is happening right here and now. At the Department, we are taking action to jumpstart our offshore wind industry and harness American innovation to deliver reliable, affordable power to homes and businesses,” said Secretary Deb Haaland. “There is no time to waste in making bold investments to address the climate crisis, and building a strong domestic offshore wind industry is [...]

Interior Department Proposes First-Ever Offshore Wind Sale in Gulf of Mexico2023-03-03T14:50:57+00:00
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