News & Analysis as of

State and Local Government Tax Reform

Jackson Walker

One Big Beautiful Bill Act Increases Deduction for State and Local Tax but Fails to Address Nexus Concerns

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In welcome news for individual taxpayers, the One Big Beautiful Bill Act temporarily increases the “SALT cap” – the limit on the amount of the income tax deduction for state and local income, sales, and property taxes – from...more

Jackson Walker

The One Big Beautiful Bill’s New Qualified Opportunity Zones

Jackson Walker on

Under the One Big Beautiful Bill Act (the “OBBBA”), the qualified opportunity zone (QOZ) program will no longer sunset on December 31, 2026, as was set to be the case prior to the act’s passage. Instead, the OBBBA makes this...more

Harris Beach Murtha PLLC

LIHTC Provisions Become Permanent in Senate Reconciliation Bill

On July 1, 2025, in a 51-50 vote, the Senate approved its tax reconciliation bill which includes key provisions to expand the low-income housing tax credit (LIHTC). If enacted, these provisions would amount to the largest...more

McGuireWoods LLP

Georgia Surpasses Northern Virginia in Data Center Leasing — Now Comes Legislative Scrutiny

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Georgia has overtaken Northern Virginia as the country’s most active data center market. According to CBRE’s 2024 North American Data Center Trends Report, metropolitan Atlanta recorded 705.8 megawatts (MW) of net absorption,...more

Cozen O'Connor

Pennsylvania Perspective for Thursday, June 26, 2025

Cozen O'Connor on

Medicaid Costs Dominate Budget Talks as Deadline Looms- Pennsylvania lawmakers are locked in tense budget negotiations as Governor Josh Shapiro’s (D) proposed $2.5 billion increase in Medicaid funding faces pushback from...more

BakerHostetler

[Podcast] The Cloakroom with Peter Roskam: 36th Annual Legislative Seminar – Congressman David Schweikert, R-AZ

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Former Congressman Peter Roskam, who leads BakerHostetler’s Federal Policy team, provides listeners with a front-row seat to the most important policy and political debates in Congress. In this episode of “The Cloakroom with...more

Cozen O'Connor

Cozen Cities - June 11, 2025

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BOSTON—City Receives $7.4M for Office-to-Residential Conversions -Massachusetts Governor Maura Healey (D) allocated $7.4 million to support two office-to-residential conversion projects in downtown Boston, part of a broader...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (6/9)

Cozen O'Connor on

Ethics legislation stalls in Springfield as Senate president tries ‘brazen’ move that would have helped his election case - “In the closing hours of the Illinois General Assembly’s spring session, Senate President Don Harmon...more

Cozen O'Connor

Broad Street Brief Special Edition: Council Approves FY26 City Budget

Cozen O'Connor on

On the evening of Thursday, June 5, the Philadelphia City Council granted preliminary approval to several bills related to Mayor Cherelle Parker’s $6.8 billion FY26 City Budget with minimal changes to the initial proposal,...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (6/2)

Cozen O'Connor on

Illinois Democrats pass budget in final minutes with sports betting tax hike- “Illinois lawmakers approved a $55.2 billion state budget package minutes ahead of a key constitutional deadline Saturday night, relying on tax...more

Bradley Arant Boult Cummings LLP

Alabama Legislature Wraps Up Productive Session on Business Tax Bills

The Alabama Legislature adjourned sine die near midnight on May 14, 2025, with the final legislative meeting day bogged down with filibusters by certain senators. Fortunately, a spate of tax bills had already passed both the...more

Brooks Pierce

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

Brooks Pierce on

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

Maynard Nexsen

Alabama Legislative Update: Regular Session - Week Eleven

Maynard Nexsen on

Birmingham Water Works - On Thursday, the House passed legislation, sponsored by Senator Dan Roberts and Representative Jim Carns, to reform the composition and functionality of the Birmingham Water Works Board. The bill...more

Bricker Graydon LLP

Ohio Passes Expansive Law to Promote Energy Generation in Response to Concerns about Grid Reliability

Bricker Graydon LLP on

Rising electricity demand from data centers, industrial reshoring, and electrification have sparked national concern about grid reliability. With forecasts pointing to even greater energy needs, some stakeholders warn that...more

Bricker Graydon LLP

Ohio Legislature Passes Landmark Energy Legislation

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The Ohio Senate passed House Bill 15 (Klopfenstein) unanimously on April 30, 2025, and the Ohio House later the same day concurred by a vote of 94 to 2. The legislation heads to Governor Mike DeWine for his approval....more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (4/21)

Cozen O'Connor on

Democratic state lawmakers start to move on promise to ‘be a check’ on Donald Trump - “With six weeks left in the spring legislative session, lawmakers have a range of measures before them that backers say are necessary to...more

Brooks Pierce

Brooks Pierce Capital Dispatch: Senate Approves Budget Bill and Confirms Two More Secretaries

Brooks Pierce on

Senate Budget bill - The North Carolina Senate on Thursday approved its version of the 2025 Appropriations Act by a vote of 30 to 15. Four Democrats joined twenty-six Republicans in supporting the bill. Fourteen Democrats...more

Spilman Thomas & Battle, PLLC

The Dome Report: Final Review of the 2025 Regular Session of the West Virginia Legislature

The 2025 regular session of the West Virginia Legislature concluded at midnight on April 12. As the dust settled, it became clear that Governor Patrick Morrisey was able to get the majority of his agenda enacted into law,...more

Pullman & Comley - For What It May Be Worth

Connecticut Uniform Capacity Tax Bills for Solar PV, BESS Heard

Two bills that aim to advance the concept of a uniform capacity tax for solar photovoltaic (PV) systems and battery energy storage systems (BESS) were the subject of a public hearing before the Connecticut General Assembly’s...more

Cozen O'Connor

Broad Street Brief: City Council Talks Tax Reform, HOME Initiative

Cozen O'Connor on

During her speech outlining details of her proposed $2 billion Housing Opportunities Made Easy (HOME) Initiative on Monday, Mayor Cherelle Parker urged the City Council to streamline redevelopment processes and consider...more

Spilman Thomas & Battle, PLLC

Is the Exemption for Interest on Municipal Bonds on Congress’ Chopping Block?

The new administration and Congress are working towards an extension of the 2017 Tax Cuts and Jobs Act (TCJA), the bulk of which expires at the end of 2025. In late February, the House passed a spending bill (H. Con. Res....more

Blank Rome LLP

City’s Electric Slide Stumbles as Invalid Tax

Blank Rome LLP on

We often focus on whether a levy is a tax masquerading as a fee because a state tax must be fairly apportioned under United States Constitutional precedent, while a fee is not so limited. Some “fees” can be quite material in...more

Sheppard Mullin Richter & Hampton LLP

Alright, Alright, A Write-Off: Matthew Mcconaughey’s Push for Texas Film Tax Incentives

Texas has long been a hub for film and television production, offering diverse landscapes, a rich cultural backdrop, and some real characters. Back in 2007 the state implemented the Texas Moving Image Industry Incentive...more

Vorys, Sater, Seymour and Pease LLP

The Evaluator - Winter 2025: Ohio Property Tax Updates

The Legislative Changes to HB 126 Introduced in 2024 Were Not Enacted Into Law - In 2024, there were two separate efforts by the Ohio legislature to amend House Bill 126 (HB 126) to address and clarify issues that have...more

Spilman Thomas & Battle, PLLC

The Dome Report Issue 3: Half Way Through the 2025 Session of the West Virginia Legislature

The West Virginia Legislature has completed just over one-half of its 60-day regular session and the deadline for the introduction of new bills in the House of Delegates is now passed. While very few bills have been enacted...more

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