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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

Congress Delays the “Cadillac Tax” and Other ACA-Related Taxes and Fees

On January 22, 2018 Congress passed (and the President signed) the Federal Register Printing Savings Act (the “Act”), which temporarily (until February 8, 2018) continued funding federal government activity and appropriates...more

Moratorium on Medical Device Excise Tax Extended for Two Years

by Morgan Lewis on

With the passage on January 22 of continuing appropriations through February 8 (HR 195), the moratorium on the medical device excise tax has been further extended until January 1, 2020, providing relief to medical device...more

New York Executive Budget Proposes Corporate Ownership of Retail Clinics, Tax on Not-for-Profit Health Insurance Conversions

Last week, Governor Andrew Cuomo unveiled his proposed $168 billion budget for fiscal year 2019, which proposes several changes to New York’s healthcare landscape. Among other things, the budget contains amendments that would...more

Government Shutdown Pushes Back Cadillac Tax

by McDermott Will & Emery on

On January 22, 2018, Congress passed an interim funding bill to end the three-day government shutdown that also pushed back the effective date of the Affordable Care Act’s controversial “Cadillac Tax.”...more

2018 Tax Reform Series: Goodbye To The Individual Mandate

by Jackson Lewis P.C. on

This is the seventh article in our series covering various tax and employee benefits-related changes contained in the Tax Cuts and Jobs Act signed by the President on December 22, 2017. Once significant change made by the...more

Continuing Resolution Proposal to Extend Funding for the Federal Government

by Holland & Knight LLP on

Overview - On Jan. 16, Chairman of the House Appropriations Committee Chairman Rodney Frelinghuysen (R-N.J.) introduced a continuing resolution (CR), which would fund the federal government until Feb. 16. Congress has...more

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