Business Taxes, Sales Tax, State Budgets

Washington State Budget Triggers Higher Business, Capital Gains and Estate Taxes in 2025

Holland & Knight LLP on 7/16/2025

Thanks to three primary revenue bills that were signed into law earlier this year, taxes are going up in the state of Washington, in particular for large service businesses, estates and individuals earning capital gains. ...more

Ohio Pending Budget Bill reduces individual income tax rates, eliminates sales tax exemptions, and extends business tax credits;...

Buckingham, Doolittle & Burroughs, LLC on 6/30/2025

The Ohio Budget Bill for FY 2026-27 (H.B. 96) was agreed to by the Ohio House and Senate in Conference Committee and now awaits Governor DeWine’s signature. Consistent with the direction commenced a few years ago, the Budget...more

Governor DeSantis Aims to Eliminate Florida Commercial Rent Sales Tax by 2027

Lowndes on 2/5/2025

As part of the proposed $115.6 billion state budget for fiscal year 2025-26, Governor DeSantis has outlined a plan to eliminate Florida's longstanding commercial rent sales tax. This proposal continues Florida's tax reduction...more

Minnesota Lawmakers Return for Final Stretch

Stinson LLP on 4/24/2019

Legislators return to St. Paul today after their 10-day Easter/Passover break. Legislators left town on Friday, April 12 after meeting the third and final deadline for finance committees to complete their work before heading...more

Governor Murphy’s 2019 Budget: What You Need To Know About The Latest Round Of Tax Hikes

Cole Schotz on 7/5/2018

It was no secret that Governor Murphy ran on a platform heralding an aggressive spending plan of $37.4 billion to fund a lengthy list of entitlements such as hospital and prescription aid, opioid addiction treatment, free...more

N.Y.’s 2018 Budget Proposal: Tax Proposals To Watch

Farrell Fritz, P.C. on 2/21/2017

Last month, Governor Cuomo presented his budget proposal for NY State’s 2017- 2018 fiscal year. Included in the proposal were a number of tax provisions that should be of interest to closely-held businesses and their owners....more

Special Session Ends with Handful of Noteworthy Tax Bills, Predictions for Next Special Session

Bradley Arant Boult Cummings LLP on 8/19/2015

The first Special Session of 2015 ended on Tuesday, August 11, without accomplishing the primary objective of passing a General Fund budget for the 2015-2016 fiscal year. The Governor’s “call” for the special session included...more

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