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Your Daily Dose of Financial News

Federal regulators unveiled a proposal yesterday that would push the country’s biggest banks and other “critical financial companies” to shore up cybersecurity protocols, to prevent hacks, and to have a recovery plan at the...more

Tax Law Hampering Airport Improvements, Government Accountability Office Finds

Since 1970, the federal Airport and Airway Trust Fund (referred to as the Aviation Trust Fund) has been an important source of finance for airport improvements. But the fund has dwindled thanks to a 2006 law, passed to quell...more

High Stakes: Investing in a Legal Marijuana Business

Considering diversifying with a high-risk investment? Heard the lure of the “green rush” toward a possible $100 billion legal marijuana industry? Before you write that check... Please see full Article below for...more

Minnesota 2016 Legislative Wrap-up

This was the shortest Minnesota Legislative session in recent history, lasting a mere 77 days from March 8, 2016, to May 23, 2016. It produced a hectic pace which ended with mixed results. As lawmakers headed into the...more

Minnesota Weekly Legislative Update

When the 2016 Minnesota Legislative Session was adjourned sine die at midnight on Sunday, May 22, legislators had sent a $259 million Omnibus Tax Bill and a $182 million Supplemental Appropriations Bill to Governor Mark...more

Sales Tax Revenue Bonds Provide Critically Needed Transportation Funding Source

Funding transportation infrastructure in California is becoming increasingly difficult, as diminished gasoline taxes and other state and federal funding sources continue to be insufficient to provide fully for burgeoning...more

March 2016 Independent Contractor Misclassification and Compliance News Update

The cases reported in this update continue to reflect the fact that IC misclassification cases cut across virtually all industries. Below are IC misclassification cases from such diverse industries as insurance, ride-sharing,...more

SC Public Policy Update - February 2016

What's New - JUDICIAL ELECTIONS - Judge John Few of Greenville edged out fellow Court of Appeals Judge Bruce Williams for a seat on the five-member South Carolina Supreme Court by a vote of 92-73. Click here for a...more

School Buses Exempted from Property Tax

While children sing the “Wheels on the Bus Go Round and Round” as they head to school, it is highly doubtful that they ponder who has to pay the taxes for those wheels. Yet, this very question arose recently in the New...more

A Welcome Change: Congress Finally Conforms FBAR and Tax Return Filing Deadlines

Last week Congress passed, and the President signed, a bill entitled “The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.” While this legislation was primarily directed at extending federal...more

Tax Policy Update

The number of days until the U.S. House of Representatives returns from August recess. The Senate is in this week to tackle procedural motions for legislation related to cybersecurity and Planned Parenthood. The Senate is...more

News from Second and State

Week two of the budget stalemate is behind us, and there’s very little news to report. While news of a potential stop-gap budget and possible agreement on the imposition of a natural gas extraction tax might seem encouraging,...more

Proposed Bonds to Encourage Public Private Partnerships And Improve Infrastructure

The nation’s infrastructure is in need of dire repair. On February 2, 2015, to encourage private investments in infrastructure through public-private partnerships (“P3s”) and as part of his 2016 proposed budget, President...more

Tax Policy Update

NUMBER OF THE WEEK: 68,000. The estimated number of vehicles that traverse the Memorial Bridge between Arlington, Va., and Washington, D.C., each day—now with increasingly frustrated drivers stuck in snarled traffic after two...more

South Carolina Legislative Update

The South Carolina General Assembly will wrap-up session this Thursday, but will return the week of June 16th for the limited purpose of deliberating gubernatorial vetoes, appointments, local legislation, conference committee...more

Tax Policy Update

NUMBER OF THE WEEK: 15. The number of minutes it should take most Americans to do their taxes, according to potential GOP presidential candidate Chris Christie in a Wall Street Journal op-ed published last night. ...more

New Rules on MLPs & Qualifying Income: What Oil Services and Exploration Companies Need to Know

On Tuesday, May 5, 2015, the Internal Revenue Service (“IRS”) released proposed regulations defining qualifying income for Master Limited Partnerships (“MLPs”). MLPs are publicly traded partnerships that are taxed as a...more

Bill Would Create New Category of Tax-Exempt Bonds, Tax Credits for P3 Projects

On May 4, 2015, U.S. Senate Finance Committee Ranking minority member Ron Wyden, an Oregon Democrat, and Senator John Hoeven, a Republican from North Dakota, introduced legislation entitled the "Move America Act of 2015,"...more

President Obama’s 2016 budget poised to address infrastructure needs

Released in February, the 2016 budget set forth by the Obama administration takes a focused stance towards the country’s growing infrastructure requirements. The 2016 budget features tax-exempt bond proposals seen in the...more

Congressman Delaney Talks Infrastructure Funding at IBBTA Conference

On March 31, 2015, Congressman John K. Delaney (D-MD) spoke at the Washington Briefing of the International Bridge, Tunnel and Turnpike Association (IBBTA) in Washington, DC. At the event, Congressman Delaney provided an...more

Week in Review - April 2015

The Legislature recessed on Friday, March 24 for an Easter/Passover Break returning Tuesday, April 7. Tax Cuts - When Minnesota lawmakers return to the Capitol next week, they will be thinking about how they...more

Minnesota Weekly Legislative Update: 03/2015

Today marks the end of the second deadline week at the Capitol. Non-finance bills which have not been heard in all required House and Senate policy committees by midnight tonight may not be acted upon. ...more

Minnesota Weekly Legislative Update: - March 2015

Today was the first of three committee deadlines during the legislative session. By midnight tonight, bills must be approved by policy committees in the House or Senate. ...more

SC Public Policy Update - March 2015: After weeks of delays and cancellations due to inclement weather across the state, the...

What's New - After weeks of delays and cancellations due to inclement weather across the state, the General Assembly finally had a full week debating and passing bills and working in committees....more

In Like a Lion Legislative Update February 2015

This week was exhausting for your normally energetic government relations team; we had to be in so many different hearings at once that we had to wear comfortable shoes. Angel and I are excited to take it easy this weekend...more

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