Education Tax

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New York’s Property Tax Cap Wins Again

In 2013 we reported on NYSUT‘s lawsuit which claimed that New York’s recently-enacted property tax “cap” was unconstitutional. The thrust of NYSUT’s 2013 arguments against the cap were that it (1) harmed school districts that...more

Recent Guidance on Charter School Participation in State Pension Plans

In Illinois, charter school teachers and certain administrators are eligible to participate in the Illinois Teachers’ Retirement System (TRS) and the Chicago Teachers’ Pension Fund (CTPF). Both of these pension systems are...more

Landmark Tax Credit Scholarship Program Upheld by Alabama Supreme Court

On March 2 in an 8-1 decision, the Alabama Supreme Court upheld the constitutionality of the Alabama Accountability Act of 2013 (the “Act”) in Magee et al. v. Boyd et al. The massive 222-page opinion affirmed in part, but...more

DRM Legislative Update - March 2015

In This Issue: - It’s All About the Money - Panel Approves Payroll and Sugar-Sweetened Beverage Taxes to Fund Health Care Initiatives - Vermont Health Connect Costs Continue to Rise - Education...more

South Carolina Legislative Update

The General Assembly was extremely busy this week. The House adopted a comprehensive ethics reform bill similar to the individual bills already sent to the Senate, legislation authorizing a veterans’ services study committee...more

Minnesota Weekly Legislative Update: 03/2015

The pace is beginning to pick up at the Capitol, and this week both the House and Senate added floor sessions to hear bills and confirmed commissioner appointments. Committees are starting to take on more controversial...more

News from Second and State

Budget, budget, budget. On Tuesday, Gov. Tom Wolf delivered his inaugural budget address to the largely Republican General Assembly; Monday had been filled with speculation and Wednesday largely consumed with reaction. You...more

Under the Dome: Inside the Maine State House

Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Legislative Leaders Discuss Legislative Goals with Pierce Atwood Clients - On March 2nd,...more

FAFSA & Section 529 College Savings Plans: The Basics

According to Collegeboard.org, the average yearly college tuition rates in 2015 for public colleges (in-state), public colleges (out-of-state), and private colleges, are $8,655, $21,706, and $29,056, respectively. Compare...more

Texas Legislature Gets in Gear

The biennial Texas Legislative Session started January 13. Two months later, they are now setting committee hearings other than finance ones. But Mondays and Fridays are still pretty much travel days. So, last Friday I...more

New IRS guidance for certain entities benefitting from tax-exempt bond financings

The IRS has released guidance in three areas of interest to entities that benefit from tax-exempt bond financings, particularly hospitals and educational institutions....more

Minnesota Weekly Legislative Update: 02/2015

The release of the Minnesota Legislative Auditor’s MNSure report this week dominated conversations at the Capitol. Commissioner pay raises were also in the spotlight while Governor Mark Dayton tried to direct attention toward...more

Change in Illinois Property Tax Code Establishes Waiver Distribution Payments

Taxing districts in Cook County may see a slight increase in the funds they receive because of a new type of collection referred to as an Exemption Waiver Distribution. This new collection was established by an amendment to...more

Minnesota Weekly Legislative Update: 02/2015

This past week, commissioner salary raises were amended into deficiency funding legislation, tax committees heard a host of potential omnibus bill legislation, and additional testimony was heard on teacher tenure policy, as...more

Real Property, Financial Services & Title Insurance Update: Week Ending February 6, 2015

REAL PROPERTY UPDATE - Service of Process: return of service is not required to expressly list the factors defining the “manner of service” contained in Section 48.031(1)(a), Florida Statutes, not included in the...more

Minnesota Weekly Legislative Update: 02/2015

Bills are starting to move from Minnesota legislator hands to the committee calendar. The House’s introduction calendar on Thursday brought forth a record 102 bills to be included in this year’s session....more

Recent Favorable IRS Guidance for Tax-Exempt Bond Financed Facilities

The IRS has released guidance in three areas of interest to entities that benefit from tax-exempt bond financings, particularly hospitals and educational institutions. This guidance creates new rules related to management...more

The Economic Development Toolbox: "The Utility Player" - Tax Increment Financing

Tax increment financing (“TIF”) is a tool that is commonly used throughout the country to finance public infrastructure and other improvements. But while its use may appear to be fairly limited, TIF is actually extremely...more

Minnesota Weekly Legislative Update: 01/2015

The Minnesota Legislature had a short week after Martin Luther King, Jr. Day. This week was one of transition as committees had fewer introductory hearings and more testimony on bills that are being considered. ...more

NC Legislative Update for January 2015

2015-16 Session of the NCGA Gavels In - Last Wednesday, the North Carolina General Assembly convened for the first time since August of last year to kick off its 2015-16 session. The opening day of session is both...more

U.S. Supreme Court Update - January 2015

Briefs Filed in Three State Tax Cases Set for Oral Argument - Merits briefs were filed in each of the three state tax cases on the Court's docket for the October 2014 Term. In Comptroller of the Treasury of Maryland v....more

2015 Property Tax Levies Will Be Limited to 0.8% Growth

Last week the U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) for All Urban Consumers that will be used in the PTELL limiting rate calculations for 2015 property tax levies collected in 2016. The 2015...more

Under the Dome: Inside the Maine State House

Governor’s Budget Proposal Released - On January 9th, Governor LePage submitted his biennial budget proposal to the 127th Maine Legislature. This document is the blueprint for state taxing and spending over the next...more

One State Explores Imposing Real Property Tax on Nonprofits

In states such as New York, where local governments and public schools are funded by taxes on real property, exemptions are often highly scrutinized by assessors and taxpayers alike. However, the exemption provided to...more

School Districts: New York State Amends Real Property Tax Law to Allow School Districts to "Charge Back" Tax Refunds to School...

On December 29, 2014, Governor Cuomo signed a law granting school districts the authority to "charge back" real property tax certiorari refunds to school district public libraries. Until now, school districts that levied real...more

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