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Income Taxes › Legislative Agendas › State Taxes

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect... more +
Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -
Ward and Smith, P.A.

Pay Raises and Infrastructure Improvements: A Closer Look at the NC House Budget

Ward and Smith, P.A. on

North Carolina's House lawmakers recently unveiled their proposed two-year spending plan for the state, well ahead of the traditional schedule. The proposed nearly $30 billion budget would set a new record high for state...more

Lewis Roca

Review of 2022 Arizona Tax Highlights

Lewis Roca on

ARIZONA TO IMPLEMENT 2.5% FLAT TAX AHEAD OF SCHEDULE - Governor Doug Ducey announced that Arizona will implement its new 2.5% flat income tax rate on January 1, 2023, a full year ahead of schedule. According to Gov. Ducey,...more

Bradley Arant Boult Cummings LLP

Important Tax Legislation to Watch in the 2022 Alabama Regular Session

Bradley Arant Boult Cummings LLP on

Because 2022 is an election year, the start date for the Alabama Legislature’s regular session comes early: Tuesday, January 11. As we do annually, here are some unofficial prognostications on the major items of tax...more

Proskauer Rose LLP

Wealth Management Update - August 2021

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Federal interest rates were largely stable in August of 2021.The August applicable federal rate ("AFR") for use with a sale to a defective grantor trust, self-canceling installment note ("SCIN") or intra-family loan with a...more

BakerHostetler

[Podcast] 32nd Annual Legislative Seminar Series: Congresswoman Stephanie Murphy, D-Fla.

BakerHostetler on

Former Congressman Mike Ferguson, leader of BakerHostetler’s Federal Policy team, and former Congressman Heath Shuler, a Senior Advisor on the Federal Policy team host bipartisan leaders from the House and Senate to discuss...more

Mintz - ML Strategies

Governor Baker Releases FY2022 Budget Bill

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During his annual State of the Commonwealth address, Governor Charlie Baker highlighted the heroic work of frontline workers and first responders throughout the COVID-19 pandemic, while reminding the Commonwealth that though...more

BakerHostetler

Falling Dominoes: Economic Presence Nexus Update (Sales & Income)

BakerHostetler on

And then there were three . . . Florida, Kansas, and Missouri don't have economic presence or marketplace facilitator sales tax laws on the books. Will that change this session? Will sales tax nexus laws bleed over on the...more

McDermott Will & Emery

Policy Outlook: How The 2020 Election Outcomes Will Impact Your Business - Health Policy

McDermott Will & Emery on

In this session, health law policy authorities discussed changes likely in 2021 in a Biden Administration and how these changes will impact business objectives and strategies for health industry stakeholders...more

McDermott Will & Emery

[Webinar] Policy Outlook: How The 2020 Election Outcomes Will Impact Your Business - November 5th, 12:00 pm - 2:15 pm EST

McDermott Will & Emery on

Are you prepared for the critical impacts of the US election outcome to you and your business in 2021 and beyond? Join McDermott’s lawyers and our policy and lobbying team for perspective on the effects of administration...more

BakerHostetler

Will the HEALS Act Take Mobile Workforce Tax Relief Across the Finish Line?

BakerHostetler on

For the last decade, the Mobile Workforce State Income Tax Simplification Act has languished in Congress. Will it get passed by piggybacking on the HEALS Act? Matt Hunsaker explains the history of the Act, the latest...more

Smith Anderson

2020 North Carolina Tax Legislation

Smith Anderson on

The North Carolina General Assembly concluded the regular business of its 2020 session on Friday, June 26, 2020. While the session will not formally adjourn until September 3, 2020, the only business expected to be considered...more

Bradley Arant Boult Cummings LLP

Changes to Taxation of Software to Apply Prospectively and Challenges to Eliminating Alabama's Controversial Grocery Tax - SALT...

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As previously reported, in Ex parte Russell County Community Hospital, the Alabama Supreme Court announced that all software, including customized software created for a particular user, is "tangible personal property" and...more

Bradley Arant Boult Cummings LLP

Business Council of Alabama and Birmingham Business Alliance Announce Their 2020 Tax/Economic Development Legislative Agendas -...

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The influential Business Council of Alabama (BCA), founded in 1985, and the Birmingham Business Alliance (BBA), the state’s oldest and largest chamber of commerce, have each officially approved their 2020 legislative agendas....more

Brooks Pierce

North Carolina Legislative Update - October 2019

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The impasse between Governor Roy Cooper and the General Assembly over the 2019 budget bill (H966) continued this week, as Legislators considered some additional “mini-budget” bills. The House overrode Governor Cooper’s veto...more

Foster Garvey PC

School is Back in Session and the CAT is Among the Most Popular Courses

Foster Garvey PC on

What We Learned from one of the Oregon Department of Revenue’s Town Hall Meetings - Over the past few months, we have written extensively on the blog about Oregon’s new Corporate Activity Tax (the “CAT”). As announced in...more

McDermott Will & Emery

Gross Receipts Taxes Face Policy and Legal Challenges

McDermott Will & Emery on

As the economy shifts to a digital one, we are finding that states are turning toward unconventional revenue options. One trend we’re seeing is the surprising comeback of the gross receipts tax (GRT): • Oregon’s new...more

Moore & Van Allen PLLC

MVA Monitor - August 2019 #5

Moore & Van Allen PLLC on

The budget stand-off continued this week. Legislators rolled out a number of mini-budgets this week, but their futures are uncertain. The General Assembly will take a break next week for the Labor Day holiday, so it will...more

Moore & Van Allen PLLC

MVA Monitor - August 2019 #4

Moore & Van Allen PLLC on

As the budget stalemate nears its second month, new budget proposals emerged from the General Assembly. The next few weeks could see attempts at piecemeal budgets and tax rebates. In other news, high profile and controversial...more

Brooks Pierce

North Carolina Legislative Update - May 2019 #3

Brooks Pierce on

After two busy weeks culminating in the May 9 bill crossover deadline, Legislators returned this week at a steadier pace. Senate Tax Reform (S622) - The Senate began moving its 2019 tax bill and tentatively approved it...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - February 2019 #1

Nelson Mullins Riley & Scarborough LLP on

With Super Bowl LIII in the rearview mirror, legislators returned to the State Capitol today ready to get to work. Activity in the halls was appreciably more brisk as the pomp and circumstance of January began its February...more

Bowditch & Dewey

$2 Billion in New Taxes Proposed

Bowditch & Dewey on

It appears as though the “millionaire’s tax” is back in play in Massachusetts. On Friday, January 18, Massachusetts State Senator Jason Lewis (D-Winchester) and Representative James O’Day (D-Worcester) filed legislation that...more

Holland & Hart LLP

Utah Legislative Update: January 2019

Holland & Hart LLP on

State Budget Projections Show $1 billion in New Revenue - In December, the Governor’s Office, Senate, and House of Representatives jointly released revenue figures for the State’s upcoming fiscal year budget. The numbers...more

McGuireWoods Consulting

Illinois Legislative Session Preview

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Enhanced Democratic Supermajorities - Following the 2018 election, Illinois will be the bluest it has ever been in modern history. With incumbent Republican Gov. Bruce Rauner resoundingly losing his re-election bid to...more

Faegre Drinker Biddle & Reath LLP

Minnesota Legislative Update: House Tax Bill Proposal Tackles TCJA Conformity

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With three weeks left of session, lawmakers have picked up the pace to get their work done. On Thursday, the Senate passed their supplemental budget bill off the Senate Floor and the House passed the education portion of...more

Faegre Drinker Biddle & Reath LLP

Minnesota Legislative Update: Movement Before Third Committee Deadline

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The Minnesota House and Senate spent most of this week moving omnibus finance bills through committee. Committees held day and evening meetings to allow time for public testimony and amendments and to ensure that the third...more

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