News & Analysis as of

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

Proposed Changes to the Ohio Job Creation Tax Credit and Job Retention Tax Credit

In February 2015, the Ohio General Assembly introduced House Bill 64 (“H.B. 64”), which is the biennial operating budget bill for the biennium beginning July 1, 2015. H.B. 64 includes significant proposed changes to the Ohio...more

Inside the New York Budget Bill: 30-Day Amendments

On Friday, February 20, 2015, Governor Andrew Cuomo’s office released the 30-Day Amendments to the 2015–2016 New York State Executive Budget Legislation (Budget Bill). This year, instead of the usual set of corrections and...more

Maine Governor Proposes Major State Tax Restructuring

Maine Governor Paul LePage has proposed a major restructuring of Maine’s tax system as part of his FY 2016-2017 budget submission. Generally, the governor’s proposal decreases the state’s reliance on income tax revenue and...more

North Carolina Legislative Report

The General Assembly adjourned “sine die” on Wednesday, August 20. During the interim, the MVA Public Affairs Legislative Report on North Carolina will be distributed biweekly to keep you up to date on the latest legislative...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. Maine Senate Confirms 50 of 51 Gubernatorial Nominees - On September 30th, the Maine...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

PA Budget - Minor Tax & Escheat Impacts

On June 30th, the Pennsylvania House and Senate adopted a budget for FY 2014-15 which requires no major tax increases. The Governor signed the budget and accompanying Fiscal Code bill on July 10th, after making several line...more

Weekly Update from the NC State House - July 2014: A week that began looking like it would be somewhat uneventful became very...

Last Week - A week that began looking like it would be somewhat uneventful became very interesting as budget writers met publicly Tuesday and Wednesday in an attempt to further negotiate the budget differences between...more

Spotlight on Tennessee: Letter Ruling Addresses Treatment of a Section 338(h)(10) Election

Tennessee does not expressly conform to most provisions in Subchapter C of the Internal Revenue Code. Instead, Tennessee's federal corporate income tax conformity is determined based on the "starting point" that Tennessee...more

Update: Last Night’s Senate Action

Last night, the Senate took much anticipated action on H.B. 278 (Rep. Baker, R-Bradford/Tioga), amending the Fiscal Code, and H.B. 1177 (Rep. Lucas, R-Crawford/Erie), which provides for the Philadelphia cigarette tax...more

Budget Buzz

With only a few days left until the end of the commonwealth’s fiscal year, all eyes in Harrisburg are on the state’s yet-to-be-enacted 2014-2015 spending plan. This week, the House of Representatives sent the budget vehicle,...more

Weekly Update from the NC State House - June 2014: Following the GOP state convention this past weekend, House members returned to...

House Budget - Following the GOP state convention this past weekend, House members returned to Raleigh Tuesday to continue the budget process. House leadership held a press conference Tuesday morning to unveil their...more

From Second and State: Capitol Wrap – Week of June 9

While budget negotiations continue to take center stage this month, some state legislators elsewhere throughout the Capitol are making moves to change the size of state government and the rules by which elected officials and...more

Weekly Update from the NC State House - June 2014: After giving its final approval to their version of the state budget just after...

Conflicting Budgets - After giving its final approval to their version of the state budget just after midnight Saturday morning, the Senate took a long weekend, not returning to Raleigh until Wednesday. The budget...more

Pennsylvania Tax Developments - A Reed Smith Quarterly Update: May 2014

This is a brief update on recent Pennsylvania tax developments. For more information on any of these developments, contact one of the authors or the Reed Smith State Tax attorney with whom you usually work....more

Weekly Update from the NC State House - With the primary elections behind them, 170 state legislators reconvened in Raleigh on...

And They're Off! - With the primary elections behind them, 170 state legislators reconvened in Raleigh on Wednesday and they did so full sail. The last days leading up to session were consumed by interim committees...more

Maine Tax Alert: Interesting Tax Changes Made By Maine's 126th Legislature (And One By Maine Revenue)

The 2nd Regular Session of the 126th Legislature has adjourned and as usual the Taxation Committee had a number of issues to address. However, unlike last session, the issues tended to be narrow and targeted, as opposed to...more

Investing in Georgia: Economic Development Newsletter - May 2014

Welcome to King & Spalding's economic development news bulletin, Investing in Georgia. In this edition, you will find: - Analysis of the issues that will impact midterm elections, as well as a special preview edition...more

MoFo New York Tax Insights - Volume 5, Issue 5 - May 2014

In This Issue: - Two Combined Reporting Decisions Highlight Issues Involving “Permissive” Combined Reporting - New York State Corporate Tax Reform Legislation Enacted – What You Need to Know - Appellate Court...more

New York State Legislation Alert: April 2014

New York’s recently passed legislation, effective April 1, 2014, significantly changes its estate tax regime and income tax regime for certain trusts. This Alert discusses the implications of this legislation....more

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

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