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Brooks Pierce

Brooks Pierce Capital Dispatch: House Passes Budget and New Helene Recovery Bill, Senate Confirms DIT Secretary

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House Passes Budget Bill - The NC House on Thursday passed the biennial budget bill (S 257) by a vote of 86 to 20. The vote was bipartisan with 25 Democrats joining 61 Republicans in supporting the bill. This action...more

Brooks Pierce

Brooks Pierce Capital Dispatch: Consensus Revenue Forecast Released, Helene Work Continues

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The recent release of the Consensus General Fund Revenue Forecast is a sign that work on the new state budget has begun. Although some legislators were in Raleigh this week, no votes were taken given inclement weather....more

Pillsbury Winthrop Shaw Pittman LLP

California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

The proposal includes a shift to a single-sales-factor apportionment for financial institutions, aiming to increase tax revenue starting in tax year 2025....more

Brownstein Hyatt Farber Schreck

Maryland Governor Releases 2026 Budget Proposal

Last week, on Jan. 15, Gov. Wes Moore introduced to the Maryland General Assembly his fiscal year 2026 budget package. This $67.3 billion proposal, aiming to close the state’s nearly $3 billion budget gap, places a strong...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

Dentons

Iowa General Assembly – Legislative Session Week 14

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The legislature picked up the pace in week 14 as a real push toward the end of session began. The House and Senate spent extensive time on the floor, working to clear their calendars—which included several controversial...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Legislative Day 40 - March 2024

Legislative Day 40 is a roller coaster, full of ups, downs, and zero gravity turns (also known as conference committee reports). One goes from celebrating a bill achieving final passage to lamenting a measure being gutted...more

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

Winthrop & Weinstine, P.A.

Legislative Top 5 - March 2023 #2

First Legislative Deadline - Today marks the first deadline that legislation must meet in order to be considered this session. By today, bills must be heard in committee in their chamber of origin (this deadline generally...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

Haynsworth Sinkler Boyd, P.A.

HSB Economic Development Update - June 2022

The HSB Economic Development team published their June 2022 news update, highlighting the following topics: Big Changes to South Carolina Property Taxes and Incentives- The big political news in South Carolina this June...more

Dentons

Iowa 2022 Legislative Session – Week 4

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Week four brought more bill introductions and the continued rapid pace of committee work. We are now two weeks from the second funnel deadline, February 18. Over the next two weeks, committee work will continue with bills...more

McGuireWoods Consulting

Georgia 2022 Legislative Session Preview

On Jan. 10, the Georgia General Assembly convened for the 2022 legislative session. As this is the second year in the legislative biennium, all legislation that did not pass in 2021 carried over to this year, with many bills...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report – Legislative Day 2, 2022

Politicians and policy wonks were atwitter about the legislative propositions–and proposed budget outlays–announced by Governor Brian Kemp, Lieutenant Governor Geoff Duncan, and Speaker David Ralston at the Georgia Chamber’s...more

Morgan Lewis

Illinois Makes Significant Changes to Tax Code

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Illinois Governor J.B. Pritzker signed into law various bills on June 17, including the state budget bill, S.B. 2017 (Budget Bill), which contains several provisions intended to raise revenue. Other bills passed in both the...more

Brooks Pierce

Brooks Pierce Capital Dispatch: Updates from the NC General Assembly and Governor’s Office - June 2021 #2

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This week, Legislators worked on the budget bill and considered other bills. State Budget Bill - House and Senate leaders this week announced an agreement for state budget spending caps for fiscal years 2022 and 2023....more

Brooks Pierce

Brooks Pierce Capital Dispatch: Updates from the NC General Assembly and Governor’s Office - May 2021 #2

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This week, legislators considered dozens of bills as they worked to pass versions in one chamber prior to the crossover deadline. Crossover and Bill Filing Deadline - Legislators left Raleigh this week after working...more

Rivkin Radler LLP

New York Budget Deal Includes SALT Cap Workaround

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The New York state budget deal announced yesterday includes a workaround of the temporary federal limit on state and local tax deductions (the SALT cap). The provision was part of Gov. Cuomo’s initial budget proposal in...more

Steptoe & Johnson PLLC

West Virginia Legislative Brief - March 2021

Welcome to the 2021 Legislative Brief, your one-stop shop for legislative news from a variety of sources throughout West Virginia, and my view of the legislative happenings on the horizon. Today marks the 24th day of the...more

Clark Hill PLC

Insight on Illinois - February 2021 #1

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As we watch the COVID numbers slowly improve and the pace of vaccinations slowly increase, there is a sense that state and local governments can soon begin to function as they did pre-COVID. In Springfield, lawmakers gathered...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

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

Farrell Fritz, P.C.

Taxes In New York’s FY 2022 Budget

Farrell Fritz, P.C. on

Budget Time in New York- Last week, we reviewed some of the tax measures discussed by Governor Cuomo in his report on the State of the State, and how they may affect New York businesses and their owners. Today, we’ll take...more

Holland & Hart LLP

Utah Legislative Update: February 2020

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As we reach the midpoint of the 2020 Utah Legislative Session, the state budget has emerged as this year’s theme. In early December 2019, the Legislature met in a Special Session to pass comprehensive tax reform that included...more

Holland & Hart LLP

Utah Legislative Update: January 2020

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Traditionally in Utah, the Governor presents a budget and policy objectives to the Legislature in early December. However, due to a December 2019 Special Session in which a significant tax reform bill was passed, Governor...more

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