News & Analysis as of

State Legislatures Taxation

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (7/28)

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Pritzker calls Texas GOP’s remap effort ‘cheating,’ doesn’t rule out Illinois response “Gov. JB Pritzker is leaving the door open to changing Illinois’ congressional maps to “counterbalance” an attempt by Texas politicians...more

Holland & Hart LLP

the buzz: Cannabis News & Policy Update | July 2025

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Welcome back to the buzz, our monthly cannabis news and policy update. Your at-a-glance source for regulatory developments, agency announcements, and trends impacting the cannabis industry. In this edition of the buzz,...more

Fox Rothschild LLP

Senate Sidelines Tax on Litigation Finance, But the Fight Goes On

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For now, litigation finance funders can exhale. A proposed tax on profits — initially 40.8%, later revised to 31.8% — has been stripped from the Senate’s sweeping tax and spending bill, dubbed the “One Big Beautiful Bill.” ...more

Freeman Law

2025 Texas Legislative Update | Proposed Constitutional Amendments Relating to State Taxes

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The 89th regular session of the Texas Legislature has voted to put some proposed constitutional amendments relating to state taxation on the ballot for the election on November 5, 2025. Let’s take a look....more

Stinson LLP

Minnesota Legislature 2025 Recap

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After decisive victories by Republicans at both the state and federal level in the 2024 general election, political prognosticators and pundits alike in Minnesota declared universally that the 2025 Minnesota legislature would...more

Winthrop & Weinstine, P.A.

Legislative Top 5 – May 2025 #2

With the end of the 2025 legislative session fast approaching, legislators are working to approve the omnibus finance bills necessary to implement a FY 2026-2027 Biennial Budget. Legislative leaders and the Governor continue...more

Frost Brown Todd

Texas HB 19 Takes Aim at Local Government Debt and Tax Practices

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Perhaps the most impactful public finance bill making its way through the Texas Legislature currently is House Bill 19 (HB 19). The bill is largely an amalgamation of other bills filed this session (notably, House Bill 1453...more

Kohrman Jackson & Krantz LLP

Ohio Lawmakers Seek to Impose Tighter Restrictions on CBD Sales with Senate Bill 86

Since the enactment of the 2018 Farm Bill, the use of hemp and CBD (cannabidiol) products has skyrocketed, transforming from niche wellness items to mainstream essentials that are widely available. These products, currently...more

Cozen O'Connor

Virginia Viewpoint: Reconvened Session Update

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As the dogwoods bloom, so did debate in the Capitol — where Governor Glenn Youngkin’s amendments and vetoes took center stage. On Wednesday, the Virginia General Assembly reconvened in Richmond to consider the Governor’s...more

Dentons

Iowa 2025 Legislative Session Week 9

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The Iowa Legislature returned after the first funnel deadline in Week 8 and the pace shifted as the Iowa House and Senate spent more time on floor debate and attention shifted to Ways and Means and Appropriations bills and...more

Frantz Ward LLP

Proposed Senate Bill 86 Seeks to Regulate Hemp Beverages and Intoxicating Hemp Products Differently

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Ohio lawmakers are moving to tighten hemp regulations following Governor Mike DeWine’s call to “regulate intoxicating hemp” and close legal gaps that may allow the marketing and sale of hemp products to minors. Senators Shane...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Legislative Day 18 - February 2025

The Georgia General Assembly returned in a frenzy on Tuesday with lawmakers and lobbyists rushing between back-to-back committee meetings in the morning and afternoon on a legislative day bifurcated by a 1 p.m. convening....more

Brownstein Hyatt Farber Schreck

What to Know About the Maryland 2025 Legislative Session

As Maryland’s 477th legislative session quickly approaches, and with a $2.9 billion budget shortfall looming, lawmakers will have to make tough decisions to address the state’s largest budget shortfall since the Great...more

Eversheds Sutherland (US) LLP

California Governor “May Revise” taxpayer apportionment win

On May 10, California Governor Gavin Newsom introduced his “May Revise” of the state budget. In addition to net operating loss deduction suspensions and tax credit usage limitations, one particularly concerning corporate...more

ArentFox Schiff

Top 10 Legal Issues in the Cannabis Industry in 2024

ArentFox Schiff on

In an industry known for its fast-paced changes, 2024 will be no different for cannabis. For all those with an eye on the industry, the number one question remains, is this the year for rescheduling? The answer is, maybe. And...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Crossover Day Wrap-Up - March 2024

Legislators worked late into the night on Thursday to ensure legislation made the Crossover Day deadline. This #GoldDomeReport offers a recap of all the measures that passed out of the House and Senate and live on to seek...more

Sullivan & Worcester

LePage v. Mobile Infirmary Association: Alabama Wrongful Death of a Minor Statute Applies to Cryogenically Preserved Embryos

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Carole M. Bass and Cara Koss co-authored this article. The authors have long raised as an issue the impact personhood legislation could have on assisted reproduction and, by extension, on estate and trust administration...more

Bradley Arant Boult Cummings LLP

Important Business Tax Legislation to Watch in the 2024 Alabama Regular Session

As we strive to do annually, here is a summary of the major items of business tax legislation that have been introduced or we expect to be introduced during the 2024 regular session, which began February 6. From a tax and...more

Brooks Pierce

Brooks Pierce Capital Dispatch: What Businesses Need to Know About the 2023 North Carolina Legislative Session

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The North Carolina General Assembly left Raleigh on October 25 after enacting a biennial two-year budget and acting on bills on a variety of topics. Legislators are scheduled to return for next year’s session starting April...more

Brooks Pierce

Brooks Pierce Capital Dispatch: Budget Bill to Become Law, Legislators Consider Other Bills

Brooks Pierce on

After weeks of negotiations, legislators on Friday passed the budget bill and sent it to Gov. Roy Cooper, who indicated he will let it become law without his signature. In addition, members this week acted on bills on a...more

Buckingham, Doolittle & Burroughs, LLC

OSBA Sales & Use Tax Subcommittee Highlights Recent Cases - September 2023

1. EXEMPTIONS - A. Equipment Used in Production of Crude Oil and Natural Gas: Stingray Pressure Pumping, LLC v. Harris, Slip Opinion No. 2023-Ohio-2598. Reversing the BTA, the Court determined five categories of...more

McDermott Will & Schulte

New York Budget Legislation Contains Significant Tax Provisions

New York Governor Kathy Hochul and the New York State Legislature have reached an agreement on the state’s fiscal year 2024 budget legislation. Most surprisingly, the legislation grants the New York State Department of...more

McDermott Will & Schulte

More than Tax Compliance: California Legislation Requires Marketplace Facilitators to Track “High-Volume” Seller Information

The responsibilities of marketplace facilitators operating in California are expanding under legislation recently signed by Governor Gavin Newsom. Starting on July 1, 2023, an “online marketplace” will be required to collect...more

Sheppard Mullin Richter & Hampton LLP

California Governor Signs into Law Cannabis Tax Relief Bill

Help for California’s fledgling cannabis industry finally appears to be on the way. For years, the industry has shouldered heavy taxes – a 15% state-wide excise tax, sales and use taxes up to 10.75%, and local business...more

Steptoe & Johnson PLLC

West Virginia Legislature Passes Bill Changing Oil and Gas Property Tax Valuation Methodology

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On Friday, March 11, 2022, the West Virginia Legislature passed H.B. 4336, which changes the methodology the State Tax Commissioner utilizes for oil and gas property tax valuation. ...more

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