News & Analysis as of

State and Local Government Tax Revenues

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (7/23)

Cozen O'Connor on

Fiscal differences remain as Illinois lawmaker urges for transit special session - “State Sen. Mike Simmons, D-Chicago, made the call Monday during a ceremony to mark the reopening of four Chicago Transit Authority train...more

Husch Blackwell LLP

Minnesota Adult Use Cannabis Updates

Husch Blackwell LLP on

Minnesota Adult Use Cannabis Update - We assisted multiple clients in completing and submitting their adult-use cannabis license applications to the Office of Cannabis Management (“OCM”), and we continue to monitor how and...more

Smith Anderson

2025 DOR Request for Legislative Changes

Smith Anderson on

The Department of Revenue (the “Department”) recently released two documents containing its “substantive” and “clarifying” requests for legislative changes to North Carolina’s revenue laws. Most of the requests include...more

Vicente LLP

Hemp-Derived Cannabinoid Markets: Using Tax Data to Assess Growth in Louisiana, Minnesota and Tennessee

Vicente LLP on

With 2024 behind us and new state legislative sessions ahead, it is a perfect time to discuss one of the most frequently asked questions received by the Vicente Economics and Research Department: How large is the intoxicating...more

Cozen O'Connor

New York Note: Deputy Mayor for Public Safety, Fifth Ave, Health Commissioner

Cozen O'Connor on

Following the resignation of Phil Banks amid federal investigations into the Adams administration, Mayor Adams has announced the appointment of Chauncey Parker as the new Deputy Mayor for Public Safety. Parker has served as...more

Steptoe & Johnson PLLC

Standard Versus Enhanced Exemptions Understanding the City of Pittsburgh's Proposed LERTA Exemption Ordinance

The City of Pittsburgh, in an attempt to stem the tide of collapsing real estate tax revenues from downtown Pittsburgh commercial properties, is on the verge of passing an ordinance creating a tax exemption authorized by...more

Cozen O'Connor

New York Note – Council Preliminary Budget, Council Union Deal, Nonprofit Advisory Council

Cozen O'Connor on

Last Monday, the New York City Council released its response to the Mayor’s FY25 Preliminary Budget. The response identifies $6.15B in newly available funds, citing higher-than-expected tax revenue from both the current and...more

Seyfarth Shaw LLP

DC Proposes Tax Abatement to Incentivize Conversion to Housing Development

Seyfarth Shaw LLP on

The District of Columbia’s office market, particularly Class B and C properties, is facing a calamity of epic proportions with occupancy, revenues, and valuations plummeting. Like other municipalities facing similar office...more

Bricker Graydon LLP

The Latest on Ballot Issues: HB 140 and AOS Campaign Guidance

Bricker Graydon LLP on

While Ohio municipalities generally do not rely on voted ad valorem property taxes as a primary source of funding, such taxes can serve as a useful part of a municipality’s revenue base, and state law, principally in Ohio...more

Bricker Graydon LLP

Budget Commission Requests to Forgo Revenue

Bricker Graydon LLP on

As a result of the 2023 valuation update, several counties have requested all jurisdictions, including school districts, to voluntarily give back millage to reverse the impact of inflationary increases on collections,...more

Benesch

Cannabis Industry Quarterly Update: Q2 2023

Benesch on

There Has Been Little Movement in Federal Legalization. This has led to cannabis investors and companies to downgrade expectations for federal legalization and focus their strategies on state reform. Federal lawmakers...more

Freeman Law

Texas Legislative Update | Qualified Projects

Freeman Law on

Summary: The Texas Legislature enacted four bills that 1) expand the list of cities that can build qualified projects (i.e., hotel and convention center projects subject to certain specifications) under Texas Tax Code Chapter...more

Miller Nash LLP

Much Ado about Taxes: OLCC Releases Proposed Tax Compliance Rules

Miller Nash LLP on

Tax policy is an interesting animal and odd results occur whenever non-tax people get involved in developing tax policy. Oregon Governor Tina Kotek and the Oregon Liquor and Cannabis Commission (OLCC) are jumping into the tax...more

Rivkin Radler LLP

New York’s “No-Longer-a-Sin” Taxes – Effective? Progressive? Neither?

Rivkin Radler LLP on

Lately I’ve been thinking about the many ways by which members of the public transfer funds to government and the many reasons for which such transfers are made. After all, we’re still in the “season of giving.”...more

Benesch

Sports Betting in Ohio

Benesch on

​​​​​​​Legal sports gaming is coming to Ohio on January 1, 2023.  Thanks to the law signed by Governor Mike DeWine (HB 29) last year, which legalized and set forth the regulatory framework for sports gaming, Ohioans will be...more

Cozen O'Connor

Cozen Cities: September 21, 2022

Cozen O'Connor on

Throughout the country, large municipalities are laboratories of democracy. New and innovative policies introduced in one market are often exported to others, and ultimately replicated at the state and federal level. This...more

Blank Rome LLP

Alaska Supreme Court Saves Poorly Worded Tax Statute

Blank Rome LLP on

When is a tax statute so poorly worded that it violates due process by being unconstitutionally vague and failing to give taxpayers fair notice of their compliance obligations? On August 5, 2022, the Alaska Supreme Court...more

Vicente LLP

Massachusetts Enacts Significant Changes to Marijuana Laws: What You Need to Know

Vicente LLP on

For the first time since adult-use legalization in Massachusetts, the Massachusetts Legislature voted to pass marijuana reform legislation that will impact the cannabis industry across the Commonwealth in significant ways,...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

Vicente LLP

Rhode Island Legalizes Cannabis: Key Provisions of the 'Rhode Island Cannabis Act'

Vicente LLP on

After years of debate, Rhode Island's General Assembly voted to legalize adult-use cannabis on May 24, 2022. Governor Daniel McKee signed "The Rhode Island Cannabis Act" into law on May 25, making The Ocean State the 19th to...more

McDermott Will & Emery

Maryland Comptroller Adopts Digital Advertising Gross Revenues Tax Regulations

McDermott Will & Emery on

On December 3, 2021, the Maryland Comptroller published notice of its adoption of the digital advertising gross revenues tax regulations (which was originally proposed on October 8, 2021). Per the Maryland Administrative...more

Goodwin

New Jersey Cannabis Regulatory Commission Approves Specially Adopted Personal Use Cannabis Rules

Goodwin on

On August 19, 2021, the New Jersey Cannabis Regulatory Commission (CRC) approved the Specially Adopted Personal Use Cannabis Rules (the “Rules”). The Rules will be effective until at least August 19, 2022. The Rules...more

ArentFox Schiff

Inside DC: Highlights and Implications of the FY 2022 Budget

ArentFox Schiff on

DC Business & Policy Practice Group Leader Jon Bouker speaks with Co-Leader David Grosso and Senior Government Relations Director Oliver Spurgeon about what you can expect from the DC budget process during this historic year....more

Husch Blackwell LLP

New York State Of Mind- An Overview Of The Unique Aspects Of New York’s New Marijuana Regulatory Framework.

Husch Blackwell LLP on

The Marijuana Regulation & Taxation Act (the “Act”) was signed into law by Governor Andrew Cuomo on March 31, 2021. Not only does the Act create the foundation for the adult-use marijuana program, it contains sweeping changes...more

Fox Rothschild LLP

ICYMI: Maryland’s Digital Advertising Tax

Fox Rothschild LLP on

In case you missed it, Maryland became the first state back in February to pass a digital advertising services tax into law (and over the governor’s veto no less). The law, titled Digital Advertising Gross Revenues Tax, is...more

87 Results
 / 
View per page
Page: of 4

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide