FEMA has approved the Community Disaster Loan for Louisiana, which will provide aid to local governments affected by the historic flooding events of 2016 in South Louisiana. This program will provide loans directly to local governments that experienced substantial loss of tax and other revenue following the flooding. Funds provided through this program will be
Legislative Updates
Louisiana Storms Leave-Based Donation Program – Do You Have a Plan?
By Jones Walker LLP on
On October 3, 2016, under Notice 2016-55, the IRS will announce that employees won’t be taxed when they forgo vacation, sick, or personal leave in exchange for employer contributions of amounts to Section 170(c) charitable organizations providing relief to Louisiana storm victims. Notice 2016-55 will also provide that employers may deduct the amounts contributed as…
LABI Requests Overtime Rule Extension
By Mark Adams on
Posted in Labor and Employment, Legislative Updates
The Louisiana Association of Business and Industry (“LABI“) sent a formal request to U.S. Department of Labor Secretary Thomas E. Perez to request a delay in implementing the new federal overtime rule in the 22 Louisiana parishes that received a disaster declaration during last month’s historic flood.
The new regulation is scheduled to…