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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

Week in Review - March 2015

Minnesota Budget Forecast/Surplus - Management and Budget shows the State’s previously forecast $1.038 billion surplus for the next biennium has grown to $1.87 billion. Governor Mark Dayton said he will propose using...more

News from Second and State

As another relatively quiet session week comes to a close, our embattled row officers continue to make headlines. On Tuesday, two weeks after being charged, former Pennsylvania Treasurer Rob McCord appeared in federal court...more

President Releases 2016 Budget Proposal

Earlier today, President Barack Obama released his approximately $4 trillion budget proposal for Fiscal Year 2016, which begins on October 1 of this year. While the President’s proposed budget covers everything from defense...more

Minnesota Legislative Update: 2015 Legislative Session Preview

As a result of November's elections, there is no longer one party control of Minnesota government. When the 89th session of the Minnesota Legislature convenes on January 6, 2015, the new House Republican majority, along with...more

From Second and State: Capitol Wrap – Week of September 2014

They say a week is a lifetime in politics, and given how much happened last week, we can see where that saying comes from. During the final session days of September, we saw the legislature finally pass the Philadelphia...more

From Second and State: Legislative Preview — September 2014

The legislature returns to Harrisburg next week for three of the remaining nine days of the 2013-2014 legislative session. While it is still unclear as of Friday what bills will see floor action, these three session days are...more

Highways, Taxes, and Partisanship: The Next Crisis

The Highway Trust Fund is almost empty; it is running on fumes. Without congressional action before the August recess, the fund that has been essential since the 1950s to maintain the nation's transportation infrastructure...more

Financing: The Main Roadblock to a Transportation Bill

High Stakes for a Short-Term Fix and a Long-Term Solution - While Congress has four months until the current surface transportation authorization, MAP-21, is due to expire, the Highway Trust Fund could become...more

Pennsylvania’s New Transportation Funding Law

On Nov. 25, 2013, Governor Corbett signed into law House Bill 1060. This legislation will invest an additional $2.3 to $2.4 billion into transportation by the fifth year of the plan. Partial funding for the new transportation...more

PA Tax Law News -- December 2013: Fuel Taxes Increased to Solve Transportation Funding Shortfall

After years of effort by multiple administrations and after overcoming difficult political hurdles in the Pennsylvania House of Representatives, the Commonwealth has finally addressed its steadily worsening transportation...more

Legislative Update 2013 -- SC Tax Incentives Legislative Update

In This Presentation: - A.Economic Development: 1.Film 2.Port 3.Abandoned Buildings 4.Angel Investors 5.Nascar/Darlington Speedway 6.Unemployment Insurance - B.Practice and...more

Proposed 2014 Budget Encourages Private Investment in Infrastructure

This week, the Obama administration released its proposed budget for the 2014 fiscal year. Notably, the budget encourages private investment in infrastructure projects through various liberalizations of the tax laws relating...more

President Obama Proposes Plan To Encourage Private Investment in Infrastructure

President Obama recently announced the Rebuild America Partnership plan (RAPP), a bipartisan effort focused on rebuilding the nation’s aging infrastructure and driving economic growth. Through RAPP, the President proposes to...more

IRS Provides Administrative Guidance On Excludable Transportation Benefit Limits, Retroactively Increased As Of January 1, 2012

On January 16, 2013, the Internal Revenue Service (IRS) issued Notice 2013-8 providing a special administrative procedure for employers with respect to 2012 transit benefits. Under Section 132(f) of the Internal Revenue Code...more

Employers Can Obtain Refund for Excess FICA Tax Paid as Result of Increased Excludable Limit for Transit Benefits

On January 11, 2013, the Internal Revenue Service published Notice 2013-8 providing a special administrative procedure for employers with respect to 2012 transit pass benefits. The American Taxpayer Relief Act retroactively...more

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