Governor and Legislative Leaders Agree to Budget Targets -
On Thursday of this week, the Governor and legislative leaders announced that they had reached agreement on budget targets, a copy of which can be found here. While…
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/ Health, Immigration Law, Taxation
With the end of the 2025 legislative session fast approaching, legislators are working to approve the omnibus finance bills necessary to implement a FY 2026-2027 Biennial Budget. Legislative leaders and the Governor continue to…
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/ Elections & Politics, Finance & Banking, Taxation
As global trade tensions escalate following the Trump administration’s proposed sweeping tariffs on imports, public companies face renewed pressure to ensure that securities disclosures adequately capture evolving risks. The…
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/ Business Organizations, International Law & Trade, Securities Law
State of Affairs -
With the constitutionally-mandated end of session just over two weeks away (Monday, May 19), much work remains to be done in order to pass a two-year budget. The first conference committee appointments have…
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/ Education Law, Elections & Politics, Labor & Employment Law
It’s All Budget Bills -
Following a weeklong break for Passover and Easter, the legislature is back to work and quickly moving omnibus bills through the legislative process. Finance committees had to pass their two-year…
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/ Communications & Media Law, Elections & Politics, Finance & Banking
Deadlines!
It has been a busy week at the State Capitol. In both the House and Senate, committees raced to meet the first and second bill deadlines of Friday, April 4 (collectively), while finance committee chairs in both…
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/ Energy & Utilities, Science, Computers, & Technology, Taxation
Key Development: FinCEN Limits CTA Reporting to Foreign Entities — For Now On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule (IFR) that significantly narrows the reporting…
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/ Administrative Law, Business Organizations, International Law & Trade
Governor Revises Budget -
On March 21, Governor Tim Walz released a revised FY 2026-2027 biennial budget, which incorporates the impact of the latest budget and economic forecast released on March 6. The revised budget…
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/ Administrative Law, Elections & Politics, Labor & Employment Law
On March 25, 2025, Delaware Governor Matt Meyer signed into law significant amendments to the Delaware General Corporation Law (DGCL) that are designed to reduce excessive stockholder litigation and reinforce the authority of…
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/ Business Organizations, Civil Remedies, Securities Law
Legislature Reaches Full Complement -
For about three days this week, all 201 legislative seats, 134 House members and 67 Senators, were filled for the first time in 2025. The week began with David Gottfried, the winner of…
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/ Elections & Politics, Government Contracting
DFL Wins 40B Special Election -
The most important event impacting the State Capitol this week occurred in parts of Roseville and Shoreview, where DFLer David Gottfried defeated Republican Paul Wikstrom by almost 6,000 votes…
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/ Elections & Politics, Labor & Employment Law, Taxation
Minnesota is on the verge of a historic tax policy change that could reshape the professional services landscape. Under Governor Tim Walz’s proposed $65.9 billion budget for 2026-2027, the state aims to lower the sales tax rate…
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/ Finance & Banking, Taxation
Minnesota Management and Budget (MMB) delivered the delayed February budget and economic forecast today. While MMB projects a $456 million surplus for the FY 2026-27 biennium, this projected surplus is now $160 million lower…
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/ Elections & Politics, Finance & Banking, Taxation
February Forecast Shows Worsening Budget Outlook -
Minnesota Management and Budget (MMB) delivered the delayed February budget and economic forecast yesterday. While MMB projects a $456 million surplus for the FY 2026-27…
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/ Elections & Politics, Finance & Banking, Taxation
Taxpayer confidentiality isn’t just a legal technicality—it’s a fundamental pillar of trust in the U.S. tax system. Federal law is designed to ensure that individuals and businesses can comply with tax obligations without fear…
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/ Government Contracting, Privacy, Taxation
