Companies face the loss of a major tax break on research and experimental ("R&E") costs for 2022, absent Congressional action. Since 1954, Internal Revenue Code section 174 has allowed taxpayers to immediately deduct R&E costs. Effective January 1, 2022, the Tax Cuts and Jobs Act of 2017 ("TCJA") amended section 174 to eliminate the deduction of R&E costs. Instead, costs for R&E activities in the U.S. now must be capitalized and amortized over five years (over fifteen years in the case of foreign research expenditures), beginning at the midpoint of the tax year the expenditures are paid or incurred...
Hanson Bridgett LLP
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Hanson Bridgett is a law firm with more than 180 attorneys in offices in San Francisco, Sacramento, the North Bay, the East Bay and Los Angeles. Serving clients since 1958, we are well known in Northern California and have earned a national reputation in many of our practice areas. Our diverse client list includes large national and global companies as well as many governmental entities, regional businesses and individuals. While we keep true to our California roots, our work increasingly takes us across state and national borders. We are a certified B Corp and are socially responsible members of our communities. Our firm is driven by a commitment to diversity, charitable giving, pro bono legal work and hands-on service.
Lawyers Worldwide: 204Notable
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Partners
Liza C. Bunker
PartnerKathryn E. Doi
PartnerJanet C. Eisenbeis
PartnerLori C. Ferguson
PartnerPatricia J. Hartman
PartnerTyson M. Shower
PartnerAndrew W. Stroud
PartnerWilliam D. Taylor
PartnerAssociates
Charles A. Becker
AssociateAndrew Schmidt
AssociateTrevor T. Taniguchi
AssociateJohanna M. Williams
AssociateWiemond Wu
AssociateOf Counsel
Articles
Worth the Wait? CalPERS Regulation Will Define "Limited Duration" for Rehired Retirees
Key points: Limited duration for post-retirement employment will mean up to 24 consecutive months, with potential extensions up to 48 consecutive months, or longer with CalPERS' approval. The 24-month rule will also apply to time served by active employees appointed to upgraded positions or classifications for purposes of reporting "temporary upgrade pay" to CalPERS. "Extra Help" Retired Annuitants Can Perform Work of "Limited Duration" Generally, CalPERS retirees must be "reinstated" from retirement if they work for a CalPERS contracting agency or the state...
Press
Hanson Bridgett Announces 2022 Partner Class
December 14, 2022 (San Francisco, CA) - Hanson Bridgett LLP is pleased to announce that six attorneys have been promoted to partner. The 2022 Partner Class includes Alan S. Bishop (San Francisco), Kate Bowles (Los Angeles), Sheila B. Bridges (San Francisco), Stefan Chacon (Sacramento), Anthony J. Dutra (San Francisco), and Stuart L. Eisler (San Diego). The promotions are effective January 1, 2023. "Our 2022 Partner class is outstanding,” said Hanson Bridgett Managing Partner Kristina Lawson. "It's one of our largest classes ever and it shows not only our range of practices – but also our geographic diversity...
HANSON BRIDGETT STRENGTHENS WATER LAW BENCH
November 17, 2022 (Sacramento, CA) - Hanson Bridgett LLP is pleased to announce that David Cameron has joined the firm's Sacramento office as a partner in the Government Section and the Water Law Practice Group. "David is a key addition to our Water Law Practice Group and we're thrilled he has joined us,” said Nathan Metcalf, Water Law Practice Group Leader. "His extensive experience representing public agencies and private organizations, and guiding clients through their water rights issues, adds great strength to our bench. He is a respected water law attorney in the Sacramento area and across California and brings a high-level of expertise and reputation to our firm...
Blogs
Appellate Insight
A Hanson Bridgett blog updating on current Appellate news/events.
Drone Law Blog
Commercial Drone Use In California - A Legal Blog
HB Briefly
Briefly is designed to provide readers with updates on the latest litigation developments in California. Our focus is on general litigation as well as issues surrounding class actions, products liability, discovery, privacy, cybersecurity, and the professional practice of law.