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Sales Tax State Budgets

Venable LLP

SALT Alert: Maryland Enacts 3% Sales Tax on Technology and Data Services, Effective July 1, 2025

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As part of its fiscal year 2026 budget legislation, Maryland enacted a number of new tax provisions, including the imposition of a 3% sales tax on a broad range of information technology and data services. The tax took effect...more

Holland & Knight LLP

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

Holland & Knight LLP on

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

Buckingham, Doolittle & Burroughs, LLC

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

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

Winthrop & Weinstine, P.A.

Legislative Top 5 - February 2025 #3

Busy Week at the Capitol - After a turbulent January and early February, activities at the Legislature returned to normal this past week. The halls of the Capitol were filled with people from all over Minnesota as numerous...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (2/12)

Cozen O'Connor on

Civic Federation Says Illinois Should Extend Sales Tax to Services to Help Bridge $3B Budget Deficit - “Illinois should extend its sales tax to services like haircuts, dry cleaning and plumbing, the nonpartisan Civic...more

Lowndes

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

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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

Faegre Drinker Biddle & Reath LLP

Minnesota’s November 2024 Budget and Economic Forecast for 2026-27 Biennium

What Is It and Why Does It Matter? The Minnesota Department of Management and Budget (MMB) prepares formal forecasts of state revenues and expenditures in November and February each year, which policymakers use to set the...more

Blank Rome LLP

New York State Enacts Fiscal Year 2024–2025 Budget, New York City to Follow

Blank Rome LLP on

On April 20, 2024, 19 days after the April 1 deadline, New York Governor Kathy Hochul signed into law several bills, including A8809 / S8309 and A8806 / S8306 (collectively, the “Budget”), which enact into law New York...more

Cozen O'Connor

Virginia Viewpoint: The Budget Battle Begins

Cozen O'Connor on

This week, the House and Senate each voted on their changes to the Governor’s introduced budget – with some noticeable differences between the two chambers and omissions that wipe out most the Governor’s top tax priorities....more

Cozen O'Connor

Virginia Viewpoint: The Race to Crossover

Cozen O'Connor on

The Race to Crossover- Like a two-minute drill that football fans may see heading toward halftime in the big game this weekend, the Virginia General Assembly is in a similar race against the clock – a deadline colloquially...more

Cozen O'Connor

Cozen Cites - October 18, 2023

Cozen O'Connor on

BALTIMORE — AI to Help Baltimore Agencies Bridge Language Gaps- By year’s end, the City of Baltimore will be deploying a new AI-backed service to help 911 dispatchers communicate with callers in their native language...more

Smith Anderson

North Carolina Tax Legislation Enacted in the 2022 Short Session

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The North Carolina General Assembly ended its 2022 short session on July 1. While the legislature is scheduled to reconvene on July 26, no additional tax legislation is expected to be considered....more

Mintz - ML Strategies

Governor Baker Releases Eighth Budget Recommendation

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Today, Governor Charlie Baker released his Fiscal Year 2023 (FY2023) budget recommendations. This is the unofficial start of “budget season” in Massachusetts that will culminate with a legislative conference committee...more

Smith Anderson

Finance Provisions of the 2021 Budget Bill

Smith Anderson on

On November 15, 2021, after months of negotiations and four and a half months into the new fiscal year, the North Carolina General Assembly released Senate Bill 105, its proposed budget bill (the "Bill"). Both Chambers...more

Pillsbury Winthrop Shaw Pittman LLP

New York Budget Raises Tax Rates, Provides Relief to Address Pandemic

New York’s Fiscal Year 2022 budget increases taxes on corporations and high earners and provides relief to pandemic-hit industries. Temporary increases to tax rates on corporations, individuals, and tax credits for...more

Blank Rome LLP

New York Governor Releases 2021-22 Executive Budget

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On January 19, 2021, New York State Governor Andrew M. Cuomo submitted his Executive Budget, applicable to the state’s fiscal year beginning April 1, 2021. The governor’s proposal, which will now be the subject of public...more

Sullivan & Worcester

Key Tax Provisions in the Massachusetts FY21 Budget

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On December 11, 2020, Massachusetts Governor Charlie Baker signed the Commonwealth’s FY21 budget into law. While the $45.9 billion budget does not raise taxes, it includes a number of significant tax provisions summarized...more

Eversheds Sutherland (US) LLP

Nebraska Legislature Considers Sales Tax on Digital Advertising

Nebraska Legislature Considers Sales Tax on Digital Advertising - On February 13, 2020, the Nebraska Legislature’s Revenue Committee heard testimony on Legislative Bill 989, which would expand Nebraska’s sales tax base to...more

Dentons

2020 Legislative Report - Week One

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The second year of the 88th General Assembly convened on Monday. Republicans maintain their majority in both chambers, 53-47 majority in the House and a 32-18 majority in the Senate....more

Holland & Hart LLP

Utah Legislative Update - November 2019

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Tax Reform continues to dominate Utah’s Capitol Hill as the Tax Restructuring and Equalization Task Force has released draft legislation that it may recommend to the entire Legislature for action. In late October, the Task...more

Smith Anderson

2019 North Carolina Tax Legislation

Smith Anderson on

This Alert summarizes the more significant tax provisions enacted by the North Carolina General Assembly in 2019.  The most important tax changes were originally included in House Bill 966, the 2019 Appropriations Act (the...more

Holland & Hart LLP

Utah Summer Legislative Update: The Extra Innings of Tax Reform

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The Utah Legislature’s Tax Restructuring and Equalization Task Force has now held seven of its eight scheduled meetings to take public comments on how Utah should reform its tax code....more

Moore & Van Allen PLLC

MVA Monitor - June 2019 #3

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The state budget remained one of the largest concerns at the State Capitol this week, even though negotiations between the two legislative chambers and between the Governor and the legislature largely remained behind the...more

Moore & Van Allen PLLC

MVA Monitor - July 2019

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The legislature and the Governor were locked in a battle of wills over the state budget as gridlock over the $24 billion annual spending plan continued into the second week of the fiscal year. While there is little relief in...more

Roetzel & Andress

Ohio State Budget Update: What You Need To Know

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After a 17-day delay, state budget negotiations concluded, and Governor Mike DeWine signed Ohio’s $69 billion two-year state operating budget into law. On June 30, lawmakers passed an interim budget, which ran through July...more

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