Revenue

News & Analysis as of

The New Massachusetts Income Sourcing Rules For Corporate Services: Massachusetts DOR Issues Working Draft of Implementing...

On July 24, 2013 the Massachusetts General Court enacted an $800 million transportation bill. This bill, inter alia, revised the Massachusetts corporate sourcing rules for the sale of services. The bill became effective as of...more

North Carolina Legislative Report - February 28, 2014

The General Assembly has officially completed its business for the 2013 long session. The 2014 short session will begin on Wednesday, May 14, 2014. The MVA Public Affairs Legislative Report on North Carolina will be...more

Alert: Turnaround Complete? MMB Projects $1.086 Billion Surplus For FY 2014-15

This morning, the Minnesota Management & Budget office released the November forecast. Changes in general fund revenue and expenditures for the current biennium have increased the projected balance for FY 2014-15 from $47...more

Detroit Casinos’ October Revenues Decrease from Same Month Last Year

The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for October 2013 for the three Detroit, Michigan, commercial casinos. The three Detroit commercial casinos posted a collective 4.2%...more

Detroit Casinos’ September Revenues Decrease From Same Month Last Year

The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for September 2013 for the three Detroit, Michigan commercial casinos. The three Detroit commercial casinos posted a collective 6.8%...more

MMB Releases October Economic Update

Minnesota Management and Budget (MMB) released the October Economic Update on Thursday, October 10th. The report can be found on the MMB web page below. Below is key information in a question and answer format....more

"Minnesota has...well, had a surplus"

Minnesota Management and Budget (MMB) has released the end balance for Fiscal Year (FY) 2013 which ended June 30, 2013. This surplus balance of $636 million was immediately used to repay the K-12 school shift. Details of the...more

Detroit Casinos’ August Revenues Decrease From Same Month Last Year

The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for August 2013 for the three Detroit, Michigan, commercial casinos. The three Detroit commercial casinos posted a collective 3.45%...more

State Revenue Lower than Expected for 2nd Straight Month

Minnesota Management and Budget (MMB) announced revenue collections for August are $26 million less than projected. For the FY 2014-2015 biennium (which began July 1), collections are running $46 million behind what was...more

Special Legislative Session on the Horizon

Minnesota’s Governor Mark Dayton (DFL) has proposed a fall Special Session, suggesting September 9, 2013 as the date. The Governor initially wanted to deal only with disaster relief. However, House Speaker Paul Thissen...more

Alert: Developments in Connecticut Municipal Law

Overhaul of Revenue Collection Statutes Goes into Effect this Fall - The most comprehensive overhaul of Connecticut’s municipal revenue collection statutes in decades will go into effect on October 1, 2013. Public Act...more

Sens. Murkowski and Landrieu Reintroduce Revenue Sharing Legislation

Senators Lisa Murkowski (R-AK) and Mary Landrieu (D-LA) recently reintroduced a bill to amend several federal statutes that govern the treatment of revenues collected by the federal government from entities that hold leases...more

Faure: Using Client Data to Increase Law Firm Revenues  [Video]

July 18 (Bloomberg Law) -- Trevor Faure, Global Leader of Legal Services for Ernst & Young, talks with Bloomberg Law's Lee Pacchia about the challenges facing the legal profession. Faure says law firms can meet these...more

How to Read Minnesota's Economic Reports

As a former Minnesota Management and Budget (MMB) Commissioner, I am frequently asked about the practical differences in the three methods the State of Minnesota uses to provide economic and budget information to the general...more

Tax Law Alert: The 2nd Special Session of the 2013 Washington Legislature Adjourned on June 29

The 2nd Special Session of the 2013 Legislature adjourned sine die on June 29, 2013. The accomplishment of this session was passage of a state budget, which had eluded state legislators through the Regular Session that ended...more

Trademark Licensing: What You Need to Know [Video]

Trademark licensing is the practice by which a trademark owner permits a third party to use its trademark. In this video, Monica Riva Talley, a director at the intellectual property law firm Sterne, Kessler, Goldstein & Fox...more

Italy Launches a Cooperative Compliance Programme for Large Business Taxpayers

The Italian Revenue Agency is calling for applications to take part in a pilot project aimed at identifying a new framework of relationships between large business taxpayers and the Tax Administration. The project follows...more

Gaming Legal News - June 13, 2013 • Volume 6, Number 13

In This Issue: - RICHARD KALM REAPPOINTED MGCB EXECUTIVE DIRECTOR: Richard Kalm, whose appointment as Executive Director of the Michigan Gaming Control Board was set to expire this year, has been appointed by...more

Minnesota State Revenue Collections Are Up

Minnesota Management and Budget (MMB) reported on Monday, June 10th that revenue collections in Minnesota totaled $1.4 billion in May. This represents a $25.8 million increase over what was projected to be collected for the...more

Survey: Firms With Blogs Grow Revenue Faster [Video]

June 6 (Bloomberg) -- Kevin O'Keefe, founder of the social media company LexBlog, talks with Sarah Kopit about who's blogging in the AmLaw 200 law firms and how those firms are turning blogs into revenue. Source: Bloomberg...more

Gaming Legal News - May 23, 2013 • Volume 6, Number 12

In This Issue: - NINTH CIRCUIT DEMANDS INTERIOR EXPLAIN GLENDALE TRUST DECISION: The U.S. Court of Appeals for the Ninth Circuit has required the Secretary of the Interior to reconsider a decision to accept an...more

This Year's AmLaw 100: "Fundamental Recovery" for Some  [Video]

April 25 (Bloomberg Law) -- Revenues and profits on average rose in the low single digits at the nation's 100 highest-grossing law firms in 2012, sparking a "fundamental recovery," Robin Sparkman, editor-in-chief of American...more

TRANSACTIONAL: Project Development/Finance: Key Considerations in Energy Take-or-Pay Contracts

Perhaps the most common type of off-take contract in a large scale energy project is the take-or-pay contract. A properly constructed take-or-pay contract provides the seller with an assured revenue stream that ensures an...more

Paris Energy Series No. 7: Take-or-pay Conditions in Gas Supply Agreements

I. Introduction - Take-or-pay provisions are now fairly common in long-term offtake and supply agreements in the energy sector, a notable example being gas supply agreements. In essence, take-or-pay provisions...more

Water and Wastewater Projects: Financing with Tax-Exempt Bonds

Introduction - Managers of water and wastewater utilities face complex financial challenges. The purpose of this guidebook is to provide an overview of issues relating to the financing of water and wastewater projects...more

26 Results
|
View per page
Page: of 2