Michele Weiss, principal and tax attorney at Holtz, Slavett & Drabkin, along with The Honorable Mark V. Holmes, Senior Judge of the U.S. Tax Court, attorney A. Lavar Taylor (Taylor Nelson Amitrano), and attorney Steven Turanchik (Paul Hastings), will be speaking at the upcoming California Lawyers Association Annual Meeting of the Tax Bar and Tax Policy Conference. The panel will discuss the potential impact of the Supreme Court’s decision in Loper Bright Enterprises v. Raimondo, 144 S.Ct. 2244 (2024), on tax law. The program will take place on Thursday, November 7, 2024, at 10:40 a.m. at the Anaheim Hilton.
Loper Bright overturns the long standing statutory construction principles enunciated in Chevron USA, Inc. v. Natural Resources Defense Council, 467 U.S. 837 (1984). Referred to as “Chevron Deference,” Chevron requires courts to defer to a regulatory agency’s interpretation of a statute where the court finds that the statute is ambiguous and the regulatory agency’s interpretation is a “permissible” interpretation of the statute. Loper Bright potentially upends Chevron Deference by holding that court’s are not restrained to defer to regulatory interpretations of ambiguous statutes. Rather, courts must apply principles of statutory construction to find a best interpretation of an ambiguous statute. The panel will discuss how the Loper Bright open may (or may not) impact the large regulatory body of tax law.
For more information regarding the Chevron Deference and Loper Bright, you can contact Michele at 310-550-6200 or mweiss@hsdtaxlaw.com.