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Gold Dome Report - February 2018 #12

The House worked a full day today, taking up 14 measures on the floor before handling a full slate of committee meetings. Among the bills adopted by the House were provisions allowing QBE funding to follow students being...more

Congress Kicks the Can Down the Road Again – Cadillac Tax On High Cost Employer Health Coverage Delayed to 2022

by Snell & Wilmer on

Section 4980I, which was added to the Internal Revenue Code by the Affordable Care Act, was originally supposed to take effect in 2018. This tax is commonly called the “Cadillac tax” because it imposes a 40% excise tax on...more

Medical Device Industry Gets Yet Another MDET Reprieve

by Arnall Golden Gregory LLP on

When the short-lived government shutdown ended on January 22, so did this year’s implementation of the 2.3% medical device excise tax (MDET). The tax was to be effective on January 1, 2018 and the first payment to the...more

Gold Dome Report - February 2018 #10

After breaking for Washington’s Birthday, the General Assembly began its all-out sprint to Crossover Day today with both chambers finishing their work before lunch only to reconvene in a flurry of committee meetings. ...more

Gold Dome Report - February 2018 #11

Sixteen more days! But, who is counting? Sine Die is quickly approaching, marking an end to Georgia’s 2018 legislative session. Thus, committees in the House and Senate are now meeting in earnest as lawmakers introduce their...more

Congressional Leaders Focusing Sights on Nonprofit Hospitals

by King & Spalding on

On February 15, 2018, Senate Finance Committee Chairman Orrin Hatch and senior committee member Senator Charles Grassley sent a letter to David Kautter, acting commissioner of the Internal Revenue Service (IRS), requesting...more

Window on Washington - Vol. 2, Issue 7

by Clark Hill PLC on

Outlook for This Week in the Nation's Capital - FY18 Appropriations Wrap-up. House Appropriators are trying to finish drafting the FY18 Omnibus Appropriations bill by March 14 in order to give Congress enough time to pass...more

Gold Dome Report - February 2018 #9

Wrapping up their legislative week, the Senate adopted two provisions today closely watched by state agencies and local school districts. First, the Senate adopted its version of HB 683, the Amended FY 2018 Budget, by a vote...more

How Physicians Can Plan For The New 20% Deduction For Qualified Business Income From Pass Through Entities

by Murtha Cullina on

On December 22, 2017, President Trump signed the "Tax Cuts and Jobs Act" into law. Effective as of January 1, 2018, the Act represents the most sweeping changes to the US tax code in the last 30 years. While the most...more

Gold Dome Report - February 2018 #8

Happy Valentine’s Day to our readers! While chocolates and flowers poured through the doors of various offices in the State Capitol today, lawmakers were working on a number of important issues, including delving deeper into...more

Gold Dome Report - February 2018 #7

Tax reform came to Georgia today with Governor Nathan Deal announcing the State’s response to last year’s federal tax reform. HB 918, carried by Deal’s floor leader Rep. Chuck Efstration (R-Dacula), allows Georgia taxpayers...more

Approaching Deadlines for Affordable Care Act Reporting

by Snell & Wilmer on

As we recently reported in our “2017 End of the Year Plan Sponsor To Do List,” applicable large employers must continue to submit to the IRS and to employees information regarding offers of health coverage made to full-time...more

Gold Dome Report - February 2018 #6

Lawmakers hit the ground running today with Legislative Day 19, riding on good news on tax revenues that emerged late last week. On Friday, Governor Deal announced that the state’s tax revenues for the month of January were...more

Corporate Law & Governance Update - February 2018

by McDermott Will & Emery on

New Board Removal Action - The removal of four Wells Fargo directors, in connection with other sanctions imposed on the bank by the Federal Reserve, has far reaching implications for the corporate governance of large,...more

Gold Dome Report - February 2018 #5

House members have begun working in earnest on the FY 2019 Budget with several Subcommittees of the House Appropriations Committee soliciting testimony on the Governor’s budget proposal. Meanwhile, the General Assembly awaits...more

Nonprofit Hospitals Should Ensure Compliance with Section 501(r)

by Holland & Knight LLP on

The Affordable Care Act (ACA) added significant new statutory requirements in 2010 that must be met by all hospitals seeking or maintaining exemption from federal income tax as Section 501(c)(3) organizations (charitable...more

House, Senate Proposals to Extend Funding for the Federal Government

by Holland & Knight LLP on

Congress moved one step closer to avoiding a government shutdown on Feb. 6, voting overwhelmingly (245-182) to pass a short-term, GOP-backed government funding bill (text; section-by-section) that would keep the federal...more

Gold Dome Report - February 2018 #4

Legislative Day 17 was billed by some as “Health Day” under the Gold Dome. After the Georgia State Senate took up three health-related bills on its Rules Calendar, members of the House Appropriations Committee heard...more

Gold Dome Report - February 2018 #2

The General Assembly returned to work today with a fresh spirit of cooperation. After delaying action Thursday on the compromise version of HB 159, the much-debated adoption bill, the Senate voted 53-2 to approve the...more

Under The Dome: Inside The Maine State House

by Pierce Atwood LLP on

Petition Submitted for Citizen Initiative to Add New Tax to Fund Homecare Services - On January 26, the Maine People's Alliance (MPA) submitted a petition to the Secretary of State's office that, if certified, would put a...more

News from Second & State

Weekly Wrap: - With only the Senate in town this week, it was relatively quiet on the legislative front. On Monday, the Senate Appropriations Committee reported out S.B. 21 (Mensch, R-Berks). Known as the “Employment First...more

Practical Insights On DOL Guidance Affecting Retirement, Medical And Disability Plans

by Carlton Fields on

On January 5, the Department of Labor (DOL) announced that regulations it previously proposed will apply to certain retirement and medical disability claims filed after April 1. This article focuses on a few practical...more

Governor Baker Files FY2019 Budget

On Wednesday, January 24, 2018, Governor Charlie Baker released a $40.9 billion budget proposal for FY2019. The plan, commonly referred to as House 2, is the fourth Baker has proposed since assuming office and increases...more

2018 Budget Deal Delays Several Affordable Care Act Taxes and Fees

by McNair Law Firm, P.A. on

On January 22, 2018, President Trump signed into law H.R. 195 (hereinafter referred to as the “2018 Budget Deal”) which ended the federal government shutdown and funds the federal government through February 8, 2018. In...more

Tax Cuts and Jobs Act: Implications for Health and Welfare Plans and Fringe Benefits

by Snell & Wilmer on

On December 22, 2017, the Tax Cuts and Jobs Act (“the Act”) was signed into law, and it has various implications for employers who sponsor employee benefit plans. This newsletter focuses on the provisions in the Act that...more

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