News & Analysis as of

State Budgets State Taxes

Minnesota Legislative Update: Budget and Economic Forecast Released

by Faegre Baker Daniels on

On Tuesday, December 5, the office of Minnesota Management and Budget (MMB) released the November Budget and Economic Forecast. Based on the forecast, the state is facing a projected budget deficit of $188 million for the...more

News from Second & State

Budget Update - It was a busy week in Harrisburg as the legislature got down to the business of putting the state budget to bed at long last. After having sent the Governor an omnibus Administrative Code bill last week,...more

Budget Update

The state budget stalemate continues nearly four months after the due date, but this week we finally saw some movement toward wrapping up the work on the 2017-2018 revenue package. First, the General Assembly checked one item...more

News from Second & State

Weekly Wrap - This week brought another false start to the now four-month overdue state budget. All signs pointed toward “go” last week; the Senate even scheduled additional session days to come to Harrisburg and finally...more

News from Second & State

Weekly Wrap - As of our last writing, the General Assembly had sent Governor Wolf a budget bill in time to meet the June 30 deadline, but failed to pass legislation that would raise the revenue needed to foot the bill. By...more

Maine to Require Collection of Sales and Use Tax from Remote Sellers

by Pierce Atwood LLP on

The state of Maine has waded into uncharted territory with the passage of a law that requires out-of-state sellers to collect Maine sales and use tax on their sales into Maine even if they do not have a physical presence in...more

Minnesota Legislative Update: From the Capitol to the Courtroom

by Faegre Baker Daniels on

Following the adjournment of the 2017 regular session and a short special session, the Legislature passed and presented to Governor Dayton a comprehensive and balanced budget for fiscal years 2018 and 2019, including nine...more

California Tax Board Reform Bill Approved Yesterday as Part of the State Budget

by Reed Smith on

Yesterday, June 15, the California Legislature approved Assembly Bill 102 (A.B. 102), a bill that drastically overhauls the role of the State Board of Equalization (BOE) as a tax administrator, and as the highest...more

Alabama Tax Legislative Summary: 2017 Regular Session -- Some Unofficial Predictions For Upcoming Session(s)

The Alabama Legislature adjourned late Friday, May 19, with several tax bills crossing the finish line during the final week (and many on the last day). Both the Education Trust Fund and General Fund budgets were passed by...more

Minnesota Weekly Legislative Update: Budget Negotiations Continue, Conference Committees Focus on Policy

by Faegre Baker Daniels on

On May 30, three days following the adjournment of the 2017 First Special Session, Governor Mark Dayton signed all budget bills, the tax bill and a bonding bill to conclude the work of the 2017 Minnesota Legislature —...more

Minnesota Weekly Legislative Update: Budget Negotiations Continue, Conference Committees Focus on Policy

by Faegre Baker Daniels on

The Legislature adjourned the Special Session early the morning of Friday, May 26, after adopting spending bills, a tax bill and a bonding bill. Governor Mark Dayton and Republican legislative leaders spent the final...more

Minnesota Weekly Legislative Update: Budget Negotiations Continue, Conference Committees Focus on Policy

by Faegre Baker Daniels on

The week started the way it began, with no global budget agreement and no omnibus budget bills signed into law. Leaders began meeting early in the week, exchanging offers in an attempt to compromise, but budget talks imploded...more

Minnesota Weekly Legislative Update: Budget Negotiations Continue, Conference Committees Focus on Policy

by Faegre Baker Daniels on

With three weeks left in the legislative session, most of the week was spent on often contentious budget negotiations between the Governor and legislative leadership. Last month, Governor Dayton sent a letter to Senate...more

Minnesota Weekly Legislative Update: House, Senate Roll Out Transportation Funding Packages

by Faegre Baker Daniels on

With policy committee deadlines out of the way, legislators turned their attention to omnibus finance and tax bills. Finance and tax committees in both the House and Senate spent the week compiling bills, taking public...more

Minnesota Weekly Legislative Update: College Affordability Proposals Headline Active Week

by Faegre Baker Daniels on

Legislative committees continued hearing proposals on issues ranging from wetland funding and palliative care to redistricting and tax benefits for retired CIA employees. House and Senate Tax Committee’s heard Governor Mark...more

Pa. Governor’s Budget Proposal – 'No Broad-based Tax Increases'?

by Reed Smith on

Pennsylvania Gov. Tom Wolf presented his budget address February 7, 2017. The proposed budget seeks $1 billion in new revenue from several tax proposals, such as a severance tax on natural gas drilling, corporate net income...more

Governor Baker Files FY2018 Budget

On Wednesday, January 25th, Governor Charlie Baker announced a $40.508 billion budget for FY2018 that increases state spending by a projected $1.65 billion, or 4.3 percent, over FY2017 levels. The budget proposal, Baker’s...more

Governor Baker Releases Proposed FY 2018 Budget Including Extending Sales Tax Collection to Online Retailers and Expanding Room...

by Reed Smith on

On January 25, 2017, Governor Charlie Baker released his proposals for the Commonwealth’s fiscal year 2018 budget. Among the proposed tax/revenue changes in the proposal are the following: 1. Extending sales tax...more

Minnesota Weekly Legislative Update: 2017 Legislative Session Preview

by Faegre Baker Daniels on

On January 3, 2017, not only will the 90th session of the Minnesota Legislature convene, but the Minnesota Capitol building will once again be open to the public after undergoing a three-year, $272 million comprehensive...more

2016 New York Tax Update: Highlights and Lowlights

by Hodgson Russ LLP on

There wasn’t much in the way of substantive New York tax changes in the 2017 budget bill that Governor Andrew Cuomo signed in April. Or at least wasn’t much in the way of changes that affect the day-to-day practices of the...more

Alabama Legislature Signals Reexamination of Tax Incentives and Exemptions: Economic Development News

During the recently ended legislative special session, Senate President Pro Tem, Senator Del Marsh (R-Anniston), introduced and quickly passed Senate Resolution 20 that establishes an exploratory committee aimed at evaluating...more

North Carolina Legislative Update - July 2016

by Brooks Pierce on

It is a busy week at the General Assembly as legislators are pushing through the final days of the 2016 short session. The legislature is expected to adjourn for the year either late today, July 5, or tomorrow, July 6. The...more

FY2017 Massachusetts Budget Update: The Senate Budget

The Massachusetts Senate voted unanimously to pass its FY2017 state budget just before midnight on Thursday, May 26. The spending plan, which totals $39.558 billion, spends $60 million more than Governor Baker’s proposal and...more

Recent Connecticut Tax Law Developments

by Shipman & Goodwin LLP on

Coming off what was a relatively quiet year in 2014, the year 2015 was a tumultuous year for Connecticut tax law changes. The changes enacted during 2015 will impact virtually all taxpayers in the state (both individuals and...more

Finance Deadline Week/One Month and Counting

Midnight Thursday marked the deadline for all finance bills to make their way through their respective chambers before today’s Passover Break. Omnibus Budget Bills - By the end of the week, the House combined eight...more

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