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Federal Government
Tillis & Hassan’s Bipartisan R&D Tax Credit Bill Gains Support from Entrepreneurship and Innovation Leaders PDF Print E-mail
Federal Government
By Administrator   
Tuesday, 01 October 2019 14:12
Bipartisan legislation introduced by Senators Thom Tillis (R-NC) and Maggie Hassan (D-NH) to expand the refundable research and development (R&D) tax credit for startups and small businesses has gained support among entrepreneurship and innovation leaders. The R&D tax credit supports the efforts of businesses to invest in the development of new, innovative products that lead to job creation and a stronger economy. 
 
“Research and development plays a crucial role in allowing small businesses in North Carolina and across the country grow and create jobs,” Senator Tillis said. “This bipartisan legislation will expand the R&D tax credit so American innovation can continue to thrive and compete globally.”
   
See below for statements of support from key entrepreneurship and innovation leaders:
 
Center for American Entrepreneurship: “In many aspects of current public policy – tax laws, regulation, access to capital – America’s most innovative young businesses have the competitive deck stacked against them. By expanding startups’ access to the R&D tax credit, this bill helps address an obstacle that has undermined America’s innovative capacity and economic growth. The Center for American Entrepreneurship is grateful to Senators Maggie Hassan and Thom Tillis for their leadership and commitment to strengthening American entrepreneurship.”
 
National Venture Capital Association: “At a time when the global race to lead the next generation of emerging technologies has never been closer, we are thrilled to see the introduction of this bill which will support the efforts of the innovative startups whose success will determine American success in this competition. We thank Senators Hassan and Tillis for their leadership, and look forward to working with Congress to enact this legislation to encourage new company formation and growth.”   
 
Angel Capital Association: “As the voice of over 14,000 members of angel groups, individual investors and family offices, the Angel Capital Association applauds Senators Maggie Hassan and Thom Tillis on expanding the R&D tax credit to be used to offset payroll tax for early stage companies. Senator Hassan and Tillis understand the challenges facing entrepreneurs and those who invest in startup companies. All too often our tax policy is skewed toward established dividend paying companies, leaving early stage entrepreneurs at a distinct disadvantage. This legislation expands on the smart policy of allowing pre-revenue companies to off-set their payroll tax by leveraging the R&D tax credit. The Hassan-Tillis legislation is a shot in the arm for the next generation of American high growth companies.”
 
Information Technology & Innovation Foundation: “The Hassan-Tillis bill represents an important extension of the research and development tax credit. We know the credit generates at least one dollar in extra research for every dollar of revenue lost. That research in turn generates $2-3 dollars in social value, making society better off. Unfortunately, small startups are often unable to take full advantage of the credit. This bill takes an important step in that direction.”
 
The bipartisan Research and Development Tax Credit Expansion Act would expand the R&D tax credit for new and small businesses by doubling the refundability of the credit from $250,000 to $500,000, extending the credit to all small businesses with less than $10 million in annual revenue, and expanding how the refundable credit is claimed against payroll taxes. The legislation also strengthens incentives for startups to increase R&D investment and removes barriers that limit startups’ ability to claim the credit.
 
New Bern Doctor Convicted Of Opioid Charges PDF Print E-mail
Federal Government
By Administrator   
Tuesday, 01 October 2019 14:07
Sanjay Kumar, 53 of New Bern, North Carolina, was convicted after a 26-day jury trial before United States District Judge Louise Wood Flanagan. The jury found Kumar  who was a licensed medical doctor at the time of the offenses, guilty of five (5) counts of Unlawful Distribution of Oxycodone outside the scope of professional practice and not for a legitimate medical purpose, five (5) counts of Money Laundering by Concealment, and three (3) counts of Attempt to Evade and Defeat Tax.
 
The evidence at trial showed that Kumar was a licensed medical doctor who operated a sports medicine and rehabilitation practice in New Bern, North Carolina from 2004 until June 21, 2016, when his ability to prescribe controlled substances was limited by the North Carolina Medical Board. The Drug Enforcement Administration’s Charlotte-based Tactical Diversion Squad began investigating KUMAR when they were notified by local pharmacies about the number and frequency with which KUMAR was writing prescriptions for opioid narcotics.
 
A multi-agency investigation was initiated in early 2014 by the DEA, the State Bureau of Investigation, the Craven County Sheriff’s Office, and the New Bern Police Department.
 
At trial, the evidence showed that KUMAR prescribed oxycodone and other controlled substances with little or no medical examination. Multiple witnesses testified that KUMAR operated a cash-only practice, there was no additional staff in the office, and the patients received a prescription from KUMAR at every visit without distinction based on their history of prior medications, prior treatment, and medical diagnoses. The evidence showed that KUMAR wrote approximately 9,500 opioid prescriptions between the years of 2011 to 2016.
 
KUMAR is scheduled to be sentenced in January of 2020.
 
Mr. Higdon stated: “The United States Department of Justice is aggressively moving against all individuals who illegally distribute opioids and prescription drugs. Whether those illegally pushing these drugs are on the street or operating from a doctor’s office, we will pursue you, charge you and convict you for the crimes that are putting our citizens at risk.”
 
This prosecution is part of an extensive investigation by the United States Attorney’s Office’s Organized Crime Drug Enforcement Task Force (OCDETF). OCDETF is a joint federal, state, and local cooperative approach to combat drug trafficking and is the nation’s primary tool for disrupting and dismantling major drug trafficking organizations, targeting national and regional level drug trafficking organizations, and coordinating the necessary law enforcement entities and resources to disrupt or dismantle the targeted criminal organization and seize their assets.
 
That effort has been implemented through the Take Back North Carolina Initiative of the United States Attorney’s Office for the Eastern District of North Carolina. This initiative emphasizes the regional assignment of federal prosecutors to work with law enforcement and District Attorney’s Offices in those communities on a sustained basis to reduce the violent crime rate, drug trafficking, and crimes against law enforcement.
 
The investigation of this case was conducted by the Drug Enforcement Administration’s Tactical Diversion Squad. Assistance was also provided by the Internal Revenue Service-Criminal Investigations (IRS-CI), the New Bern Police Department, the State Bureau of Investigation, Diversion and Environmental Crime Unit, and the Craven County Sheriff’s Office. Assistant United States Attorneys Adam Hulbig and Nick Miller represented the government in this case.
 
Raleigh Man Sentenced To 32 Years In Federal Prison For Child Porn Offenses PDF Print E-mail
Federal Government
By Administrator   
Tuesday, 01 October 2019 14:02
United States District Judge James C. Dever III sentenced Pedro Jaime Ensenat, 44, of Raleigh, North Carolina to 390 months’ imprisonment.
 
Ensenat was named in an Indictment filed on August 16, 2017, and pleaded guilty on April 2, 2018, to production of child pornography and possession of child pornography.
 
On November 5, 2014, while executing a search warrant at Ensenat's  residence, Raleigh Police Department officers and Federal Bureau of Investigation agents discovered images of child pornography involving a ten-year-old victim. Later analysis confirmed the identity of the victim and discovered other images of child pornography involving the victim and other children. The victim later disclosed that Ensenat was sexually abusing her.
 
Investigation of this case was conducted by the Federal Bureau of Investigation and the Raleigh Police Department. Assistant United States Attorney Erin Blondel handled the prosecution of this case for the government.
 
 
Tillis Co-Sponsors Bill Requiring Burial For Fetal Remainsl PDF Print E-mail
Federal Government
By Administrator   
Tuesday, 01 October 2019 13:49

U.S. Senator Thom Tillis (R-NC) co-sponsored legislation to enforce guidelines for the dignified handling of the remains of unborn childrenand penalties for failing to respect the sanctity of human life. The legislation comes after the disturbing discovery of over 2,000 remains of unborn children in the home of an Indiana abortion doctor this month.

“The disgusting actions by the abortion doctor in Indiana who held the remains of unborn childrenis a total disregard for life and any similar occurrence should have strict punishment,” said Senator Tillis. “This legislation would ensure the remains of unborn children are treated as any other human so they get the burial they deserve.”

The bill requires abortion providers to dispose of the remains of unborn children just as any other human being.Failure to do so is punishable by a fine and up to 5 years in prison. The legislation also requires a consent form so the mother can choose to retain possession of her unborn child or allow the provider to cremate or inter the unborn child. Failure of the provider to execute these forms is punishable by civil penalty.

The Dignity for Abortion Children Act has been endorsed by Susan B. Anthony List, March for Life, the Family Research Council, National Right to Life, and Concerned Women for America.

 

 
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