News & Analysis as of

State Taxes Biden Administration

Winthrop & Weinstine, P.A.

Legislative Top 5 - March 2023 #5

Budget Bills Roll Out - Many House and Senate omnibus budget bills rolled out this week with a flurry of committee hearings, during which legislators walked through each bill, took testimony from the public, and made...more

Cadwalader, Wickersham & Taft LLP

The States Come Marching In: Investors Ignore State Wealth Taxes at Their Peril

As President Biden reminded taxpayers in his recent State of the Union address, the federal government continues to pursue new taxes on high-net-worth individuals. While such efforts have foundered in Congress, causing many...more

McGlinchey Stafford

Student Loan Borrowers Beware: You May Owe State Tax on the Forgiven Debt Even If You Do Not Receive an IRS Form 1099-C

McGlinchey Stafford on

As reported late last year, the IRS announced in Notice 2022-1 (Notice) that lenders are not required to, and should not, issue IRS Forms 1099-C when certain student loan debts are forgiven. The Notice was in response to...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

BakerHostetler

[Podcast] Federalism Showdown: Does ARPA Prohibit State Tax Cuts?

BakerHostetler on

Tucked away in the American Rescue Plan Act of 2021 is a provision that prohibits states from using the $350 billion in state and local relief money to fund tax cuts. What does this mean for state tax policy? What does this...more

McDermott Will & Emery

Latest COVID-19 Relief Bill Brings State Tax Policy To A Halt

McDermott Will & Emery on

On March 11, 2021, US President Joe Biden signed the American Rescue Plan Act of 2021 (ARPA), the COVID-19 relief bill that includes $350 billion in relief to states and localities. To prevent states from using federal relief...more

Robins Kaplan LLP

Financial Daily Dose 3.2.2021 | Top Story: U.S. Markets Bounce Back as Bonds Settle

Robins Kaplan LLP on

A quieter bond market was music to the markets’ ears on Monday, and they responded with their best day since last June...more

Bilzin Sumberg

Five Tips for Businesses and Individuals Looking to Relocate to Tax-Friendly States

Bilzin Sumberg on

Over the last decade, there has been a gradual increase in the number of residents and businesses emigrating to tax-advantaged states such as Florida, Arizona, Texas, and Nevada, from tax-burdened markets including New York,...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

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