News & Analysis as of

The Minnesota Legislature recessed around dinnertime on Thursday, April 10 and will reconvene at noon on Tuesday, April 22.

Before departing for their planned Easter/Passover break, the House and Senate pushed through a number of bills in a flurry of activity. Unusually short committee deadlines drove this process. These deadlines were: March 21...more

Under The Dome: Inside The Maine State House 4-11-14

Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Governor Vetoes Medicaid Expansion Legislation - On April 9th, Governor vetoed LD 1487, a...more

Extension of Eight Valuable As-of-Right Incentive Programs Included in New York State's Budget Bill

New laws may benefit developers and businesses with applications long pending and for future applicants that depend on these incentive programs to help induce investment and economic growth in the New York City. These...more

Under The Dome: Inside The Maine State House 3-28-14

Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Legislature Approaching End of Session - The statutory adjournment date for the...more

Maine Tax Alert: Legislature Moves To Slash Pine Tree Zone Benefits And R&D Super Credit

The Supplemental Budget just released by the Legislature (LD 1843), if passed as written, may hurt Pine Tree Zone Business as well as businesses that engage in a substantial amount of research and development in Maine....more

Inside the New York Budget Bill Part Five: Net Operating Losses and Tax Credits

This is the fifth installment of a series that takes an inside look at the corporate tax reform proposals in Governor Andrew Cuomo’s 2014–15 New York Budget Bill. This proposed reform is sweeping and, if enacted, is likely to...more

South Carolina Legislative Update - March 17, 2014

The S.C. House gave final passage to next year's $24 billion budget, H. 4701, last week and sent it to the Senate. The House spending proposal includes a 1.5 percent pay raise for state employees, 31 new State Law...more

Inside the New York Budget Bill Part Three: Apportionment

This is the third installment of a series that takes an inside look at the corporate tax reform proposals in Governor Andrew Cuomo’s 2014–15 New York Budget Bill. This proposed reform is sweeping and, if enacted, is likely to...more

MoFo New York Tax Insights - Volume 5, Issue 3 - March 2014

In This Issue: Court of Appeals Reverses Gaied “Permanent Place of Abode” Decision; ALJ Holds That Certain Data Processing Services Furnished to Broker-Dealers Are Not the Licensing of Software; Trial Court Allows...more

Alabama Legislative Update - Week 6: Halfway Through the Session, Tax Bills Take Center Stage

Last week marked the halfway point in this legislative session, with Tuesday being the 15th of 30 legislative days. Legislative leaders still expect the 2014 session to end on April 7....more

2014 Legislative Session Preview

The Minnesota Legislature is scheduled to convene for the second year of its biennial legislative session on Tuesday, February 25, 2014 at noon. Given the May 19, 2014, adjournment date and the forthcoming Election Day for...more

Inside the New York Budget Bill Part One: Combined Reporting

This is the first installment of a series that takes an inside look at the corporate tax reform proposals in Governor Andrew Cuomo’s 2014–15 New York Budget Bill. This proposed reform is sweeping and, if enacted, is likely...more

MoFo New York Tax Insights - Volume 5, Issue 2 - February 2014

In This Issue: Governor Cuomo Releases Ambitious 2014-15 Executive Budget; Third Department Holds Transfer of Condemned Property Did Not Occur Until After Gains Tax Was Repealed; Trial Court Upholds Constitutionality...more

How SB 4 Will End Up Taxing the Oil and Gas Industry and Even California's Consumers: Looming Fee Hikes Will Cover State Water...

Most of the media has been consumed with talk of a proposed severance tax on oil and gas production, but meanwhile in Sacramento another tax on oil and gas production is being poised to take effect -- funding requests to...more

Supplemental Budget Released

Governor Mark Dayton formally released his supplemental budget on Thursday, March 14. The Governor’s revised budget is always issued a few weeks after the February Economic Forecast and usually includes only modest changes...more

Government Relations Alert: MMB Projects Budget Shortfall To Drop To $627 Million

Minnesota Management and Budget (MMB) today announced that the projected budget shortfall for FY2014-15 has fallen to $627 million, down from the $1.1 billion estimate last November. This change is largely a result of...more

PA Governor Proposes Corporate Tax Cuts & Fuel Tax Increases

Pennsylvania Governor Tom Corbett has proposed significant corporate tax cuts and fuel tax increases as part of his proposed 2013-14 budget, presented on February 5th. The General Fund budget would be increased by 2.4%, to...more

Alabama Legislative Update – Week 3: Alabama Trust Fund Repayment Bill Passes

The sixth and seventh legislative days of the Alabama Legislature's Regular Session saw the first bill passed by both houses and on its way to Governor Robert Bentley for his signature. As week three closed, priority...more

Ohio Budget Bill Introduced

On February 12, 2013, the text of the Governor's budget proposal for the 2014-2015 biennium, announced on February 4, 2013, was made public as House Bill 59 ("HB 59"). The new HB 59 includes a state income tax deduction for...more

Alabama Legislative Update: Republican Leadership Focuses on Priority Legislation

The second week of the Alabama Legislature's Regular Session saw Republican leadership maintaining their momentum and passing priority legislation at a furious pace. ...more

Ohio Governor Relaunches Severance Tax Plan In Budget Proposal

Yesterday Ohio Governor John Kasich unveiled his proposed budget for fiscal years 2014 and 2015 at an hour-long press conference. The Governor’s proposal, a summary of which can be found here, contained a comprehensive plan...more

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