News & Analysis as of

Consumer Price Index

US Banking Agencies Update Community Reinvestment Act Thresholds for Small and Intermediate Small Institutions

by Shearman & Sterling LLP on

The US Board of Governors of the Federal Reserve System, the US Office of the Comptroller of the Currency, and the US Federal Deposit Insurance Corporation announced technical amendments to the asset thresholds used to define...more

The Stealthy Tax Increase in the Tax Cuts and Jobs Act of 2017

by Charles (Chuck) Rubin on

Ever since the Reagan Administrative, tax brackets have been indexed for inflation. This avoids bracket creep when taxpayers move into a higher tax bracket because inflation pushes up their income. The thinking is that...more

Bidding Thresholds for 2018 Rise

by Barley Snyder on

The Pennsylvania Department of Labor & Industry’s municipal authority and municipality bidding thresholds will rise 2.2 percent in 2018. ...more

Summary of Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act of 2017 (the “Act”) was signed into law by President Donald Trump on December 22, 2017. The Act changes many provisions of the Internal Revenue Code, from individual and business provisions, to...more

Employer savings from CPI – mirage or magic?

by Dentons on

In 2010 the Chancellor moved to replace the Retail Price Index (RPI) with the Consumer Price Index (CPI) for increases to public service pensions. Since then many private sector employers have sought to switch to CPI to...more

2018 Exemption Limits for the Computer Professional and Physician Exemptions

by Bryan Cave on

Effective January 1, 2018, California’s Department of Industrial Relations will begin imposing new rates for the computer software employee exemption and the licensed physician and surgeon exemption to reflect a 2.9% increase...more

Are You Looking Forward To 2018? We Are!

by Murtha Cullina on

To assist you in your planning, we are happy to report the following inflation adjustments to key estate, gift, and generation-skipping transfer tax (“GST”) exclusion amounts for 2018. FEDERAL LAW - For the estate of...more

Gift and Estate Tax Exclusion Amounts Set to Increase in 2018

by Nutter McClennen & Fish LLP on

Around this time every year, the IRS looks at whether there has been a year-over-year increase in the Consumer Price Index and announces inflation adjustments to the federal gift and estate tax exclusion amounts for the...more

New Compensation Rate for California Computer Professional Exemption in 2018

by Morgan Lewis on

As of January 1, 2018, California employers must ensure that compensation rates meet new salary thresholds for computer professionals....more

Projected Estate and Gift Tax Exemptions for 2018 – How Much Can You Transfer?

by McNair Law Firm, P.A. on

The Consumer Price Index was released by the Labor Department in August 2017. Not everyone anxiously awaits the release of these numbers but the experts have now made estimates of how they will impact estate, gift, and...more

RPI and SDLT – the silver lining of a flawed measure of inflation

by Hogan Lovells on

With the Retail Prices Index back in the news again after rail commuters were hit by the biggest annual increase in fares for five years, the debate has resurfaced about whether it is time for the RPI to “RIP”. The Office...more

Senate GOP’s Health Care Plan Reshapes House’s Bill to Repeal and Replace the Affordable Care Act

by Epstein Becker & Green on

When the House of Representatives narrowly passed H.R. 1628, the American Health Care Act (AHCA), and shipped it across the Capitol for the Senate’s consideration, key senators said they intended to write their own bill...more

Securities Act and Exchange Act Form Revisions

In 2012, the Jumpstart Our Business Startups (JOBS) Act created a new category of companies known as “emerging growth companies (EGCs).” The JOBS Act also requires that, once every five years, the SEC indexes various EGC...more

Spotlight on Tennessee: Governor Haslam Seeks to "IMPROVE" the Volunteer State

by Baker Donelson on

Bolstered by a substantial budget surplus in the prior fiscal year and an anticipated surplus this fiscal year, Tennessee Governor Bill Haslam proposed on January 18 a comprehensive and strategic plan not only to assist in...more

Annual Asset-Size Threshold Adjustments for Small and Intermediate Small Banks

On December 29, 2016, the Office of the Comptroller of the Currency, the Federal Reserve System and the Federal Deposit Insurance Corporation amended their Community Reinvestment Act (CRA) regulations to adjust the asset-size...more

Minimum Wage Increases in January 2017

by Smith Anderson on

As of January 1, 2017, minimum wage increases will affect employers in numerous states and localities. Under the federal Fair Labor Standards Act, the minimum wage for non-exempt employees remains at $7.25 per hour, but if a...more

New Year Brings Marginal Increase to Minimum Wage in New Jersey

On January 1, 2017, New Jersey’s minimum wage will increase from $8.38 to $8.44 per hour. This six-cent increase is the first rise in minimum wage in New Jersey since January 2015. This news comes shortly after Governor...more

CFPB amends commentary on adjustments to exemption thresholds; makes no changes to 2017 thresholds

by Ballard Spahr LLP on

The CFPB has adopted changes to its Reg Z commentary to memorialize the calculation methods used each year to adjust the thresholds for exempt consumer credit transactions and for transactions exempt from the special...more

Court of Appeal rules on changing pension increases from RPI to CPI

by Dentons on

Barnardo's v. Buckinghamshire [2016] EWCA Civ 1064 - Background - The rules of the Barnardo's pension scheme (the Scheme) provide for annual increases of the lower of 5% or the increase in the retail prices index...more

Two (out of Three) Gift and Estate Tax Exclusion Amounts Will Inch Up in 2017

Around this time every year, the IRS looks at whether there has been a year-over-year increase in the Consumer Price Index and announces inflation adjustments to the federal gift and estate tax exclusion amounts for the...more

Beginning next year, Florida’s minimum wage is going up

by Hinshaw & Culbertson LLP on

On January 1st, 2017, the minimum wage in Florida will increase from $8.05 an hour to $8.10 an hour. This represents the fifth-smallest hourly increase since Florida established a state minimum wage in 2005. For tipped...more

Florida’s Minimum Wage to Increase on January 1, 2017

In 2004, Florida voters approved a constitutional amendment that established a statewide minimum wage. The Florida minimum wage applies to all employees in the state who are covered by the federal minimum wage. The Florida...more

California Computer Professional Salary Requirement to Increase to $88,318.55

by Morgan Lewis on

Employers of California computer professionals must ensure compensation rates meet new salary thresholds that go into effect January 1, 2017. In addition to reviewing compensation to ensure compliance with upcoming...more

Several Iowa Counties Proclaim That A Dollar Just Ain't What It Use To Be!

by Davis Brown Law Firm on

Employers across the country are reluctantly evaluating how to proceed in light of the increase in the compensation requirements for exempt employees (which will be effective December 1, 2016). To add insult to injury,...more

British Columbia increases minimum wage September 15, 2016

by DLA Piper on

On May 4, 2016 the government of British Columbia announced its intention to raise minimum wage in the province.  Implemented over two years, this change will see minimum wage increase to an estimated $11.25 by September...more

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