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State Taxes State Budgets

Minnesota Weekly Legislative Update: House, Senate Roll Out Transportation Funding Packages

by Faegre Baker Daniels on

With policy committee deadlines out of the way, legislators turned their attention to omnibus finance and tax bills. Finance and tax committees in both the House and Senate spent the week compiling bills, taking public...more

Minnesota Weekly Legislative Update: College Affordability Proposals Headline Active Week

by Faegre Baker Daniels on

Legislative committees continued hearing proposals on issues ranging from wetland funding and palliative care to redistricting and tax benefits for retired CIA employees. House and Senate Tax Committee’s heard Governor Mark...more

Pa. Governor’s Budget Proposal – 'No Broad-based Tax Increases'?

by Reed Smith on

Pennsylvania Gov. Tom Wolf presented his budget address February 7, 2017. The proposed budget seeks $1 billion in new revenue from several tax proposals, such as a severance tax on natural gas drilling, corporate net income...more

Governor Baker Files FY2018 Budget

On Wednesday, January 25th, Governor Charlie Baker announced a $40.508 billion budget for FY2018 that increases state spending by a projected $1.65 billion, or 4.3 percent, over FY2017 levels. The budget proposal, Baker’s...more

Governor Baker Releases Proposed FY 2018 Budget Including Extending Sales Tax Collection to Online Retailers and Expanding Room...

by Reed Smith on

On January 25, 2017, Governor Charlie Baker released his proposals for the Commonwealth’s fiscal year 2018 budget. Among the proposed tax/revenue changes in the proposal are the following: 1. Extending sales tax...more

Minnesota Weekly Legislative Update: 2017 Legislative Session Preview

by Faegre Baker Daniels on

On January 3, 2017, not only will the 90th session of the Minnesota Legislature convene, but the Minnesota Capitol building will once again be open to the public after undergoing a three-year, $272 million comprehensive...more

2016 New York Tax Update: Highlights and Lowlights

by Hodgson Russ LLP on

There wasn’t much in the way of substantive New York tax changes in the 2017 budget bill that Governor Andrew Cuomo signed in April. Or at least wasn’t much in the way of changes that affect the day-to-day practices of the...more

Alabama Legislature Signals Reexamination of Tax Incentives and Exemptions: Economic Development News

During the recently ended legislative special session, Senate President Pro Tem, Senator Del Marsh (R-Anniston), introduced and quickly passed Senate Resolution 20 that establishes an exploratory committee aimed at evaluating...more

North Carolina Legislative Update - July 2016

by Brooks Pierce on

It is a busy week at the General Assembly as legislators are pushing through the final days of the 2016 short session. The legislature is expected to adjourn for the year either late today, July 5, or tomorrow, July 6. The...more

FY2017 Massachusetts Budget Update: The Senate Budget

The Massachusetts Senate voted unanimously to pass its FY2017 state budget just before midnight on Thursday, May 26. The spending plan, which totals $39.558 billion, spends $60 million more than Governor Baker’s proposal and...more

Recent Connecticut Tax Law Developments

by Shipman & Goodwin LLP on

Coming off what was a relatively quiet year in 2014, the year 2015 was a tumultuous year for Connecticut tax law changes. The changes enacted during 2015 will impact virtually all taxpayers in the state (both individuals and...more

Finance Deadline Week/One Month and Counting

Midnight Thursday marked the deadline for all finance bills to make their way through their respective chambers before today’s Passover Break. Omnibus Budget Bills - By the end of the week, the House combined eight...more

Minnesota Legislative Update: 2016 Legislative Session Preview 02/2016

by Faegre Baker Daniels on

The second year of the 89th Session of the Minnesota Legislature convenes on March 8, 2016. This year’s session is unusually late and will last an atypically short 11 weeks. The February Forecast released today projects...more

MoFo New York Tax Insights - Volume 7, Issue 2

by Morrison & Foerster LLP on

State Tax Department Releases New Draft Article 9-A Combined Reporting Regulations - The New York State Department of Taxation and Finance has released draft amendments to the Article 9-A corporate franchise tax...more

Connecticut Tax Developments 2015 - 2015 Legislative Session: Tax Increases and Mea Culpas

by Shipman & Goodwin LLP on

Tax Increases and Mea Culpas - 2015 has been a tumultuous year for Connecticut taxpayers. It started with projections of large state budget deficits for the 2016 and 2017 fiscal years and the adoption of of the second...more

News from Second and State

After nearly six months of a stalemate, this week brought the battle of the budgets. On Monday, the Senate passed S.B. 1073 (Browne, R-Lehigh), a General Appropriations bill carrying a $30.8 billion price tag. The bill, which...more

News from Second and State

This was a busy week in the Commonwealth’s capitol city, and we’ve got news on a number of fronts. First, at long last, reports this week indicate that there is some movement to shake loose a 2015-2016 state spending plan....more

Third Time’s a Charm: Governor Bentley and Legislature Reach Budget/Tax Compromise

Summary - Governor Robert Bentley called a second special session of the Alabama Legislature on Tuesday, September 9 at 5 p.m. to address the FY 2016 General Fund budget and associated revenue measures. After meeting for...more

Politics of Hiking Earned Income Tax Credit More Intriguing than the Substance

by PretiFlaherty on

For anyone awaiting the final resolution of the state budget for Fiscal Year 2016 (July 1, 2015 – June 30, 2016), one of the biggest question marks overs over the Earned Income Tax Credit (“tax credit”). The Senate...more

NC Legislative Update for June 2015 #4

by Nexsen Pruet, PLLC on

This Week - This week at the General Assembly was relatively dull compared to the last few weeks. The House Finance Committee used two meetings, Tuesday and Thursday, to review and discuss the tax package portion of the...more

Connecticut Tax Developments 2015 - Tax Increases...Again

by Shipman & Goodwin LLP on

Four years after enacting the largest tax increase in Connecticut history, the Connecticut General Assembly has adopted a new $40.3 billion biennial state budget that contains $1.5 billion in tax and fee increases. Few...more

New Maine Budget Would Make Numerous Tax Changes

by Pierce Atwood LLP on

Hoping to avoid a potential government shutdown, this week the Legislature passed a biennial budget that once again makes significant tax changes, but stops well short of the major tax reform desired by many legislators. The...more

NC Legislative Update for May 2015 #3

by Nexsen Pruet, PLLC on

This Week - The end of the week at the General Assembly marked the official beginning of the House budget process. The various House Appropriations Subcommittee Chairs have been meeting behind closed doors for weeks...more

Inside the New York Budget Bill: Economic Nexus

by McDermott Will & Emery on

The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the “Budget Bill”) containing several significant “technical corrections” to...more

Inside the New York Budget Bill: Apportionment

by McDermott Will & Emery on

The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the “Budget Bill”) containing several significant “technical corrections” to...more

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