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    State Net Capitol Journal – May 13, 2013

    Budget & Taxes TAX REVENUE SURGE YIELDS SURPLUS IN CA: On April 17 California received nearly $2.8 billion in personal income tax payments, the third-largest amount collected on a single day in the state's history. That haul - combined with...

    No Bang for the Buck

    New York State spent $2.8 billion on state and local tax breaks for businesses in the five years 2007 through 2011, State Comptroller Thomas DiNapoli said Tuesday in a new report . DiNapoli says that money generated more than a million jobs at an average...

    No Use for Useless Stances

    ... This week the Senate passed something called the " Marketplace Fairness Act " [of 2013] that would basically let states force sellers who do not have a physical presence in the taxing state collect sales tax, and thereby get around all...

    Go Big or Go Home - Tax Reform in Maine

    The big idea of the last week was a dramatic tax reform proposal in Maine . The idea is big and bold. Big and bold usually means a measure has no chance of passage. State legislators from both parties are not exactly profiles in courage. The proposal...

    State Net Capitol Journal – May 6, 2013

    Budget & Taxes AK GAMBLES ON OIL TAX CUT: A domestic energy production boom has put the United States on track to become the world's biggest oil producer by the end of the decade. But Alaska, once the nation's oil king, is getting left...

    Subsidies - Good News and Not So Good

    First, the good news, at least in New York state: Giveaways of state tax dollars to businesses, from retail Hollywood movies, are finally being challenged by a Republican politician. Seeing the party of business raise this issue is good news indeed. A...

    Taxes Don't Matter Until, Well, They Matter

    ... One thing is true about New York - City and State. They'll tax anything - your car, your house, your clothes, your Big Gulp, your bullets (that is for the three people they let buy guns), people who live in New Jersey, and cigarettes, cigarettes...

    Feeling the Impact of Impact Fees

    by Cara Griffith ... While not front page news, impact fees are frequently used by local governments... But then again, it's not really a surprise that impact fees are so popular among local governments, as they are a relatively good means of financing...

    Pancho Villa and Three Hundred Million Joints

    As everyone knows, Colorado recently legalized marijuana ... Here are some cool facts about pot in Colorado. The Colorado Futures Center estimates that demand for marijuana will hit 2,268,985 ounces a year... about 70 million grams. If you can roll...

    Taxpayers Subsidize Rich Anti-Taxers

    When it comes to picking taxpayer pockets, few organizations display as much chutzpah as the American Legislative Exchange Council. It is a rich person's anti-tax lobby, hating paying the price of civilization and in love with the idea of weak tax...

    Things That Make You Nuts

    by Cara Griffith ... Avalara is a company that designs software to help companies automate their sales tax compliance. Perhaps it is fitting, then, that an Avalara blog post addressed the taxation of candy... ... ... Groceries are generally exempt...

    State Net Capitol Journal – April 22, 2013

    Budget & Taxes KS TAX REFORM WORST IN NATION: Joe Henchman of the conservative Tax Foundation and Nick Johnson of the left-leaning Center on Budget and Policy Priorities rarely agree on anything having to do with taxes. But when Governing magazine...

    States Should Repeal Their Estate Taxes

    ... [S]tates can go a long way toward meaningful reform by repealing their estate and inheritance taxes. I have said before on many occasions that the state estate taxes are nothing more than jealousy fueled money grabs... Right now 21 states and the...

    State Net Capitol Journal – April 15, 2013

    Budget & Taxes STATES' TRANSPORTATION FUNDING NEEDS TRUMPING TAX AVERSION: This month Virginia's Republican-controlled House and GOP-Democrat-split Senate gave final approval to a $6 billion transportation funding overhaul proposed by...

    Multistate Tax Compact: Is the End Near?

    On March 8, 2013, South Dakota Governor Dennis Daugaard signed Senate Bill 239, which repealed all provisions of the Multistate Tax Compact from South Dakota law. While South Dakota does not have an income tax and didn't participate in the Multistate...

    New York's Highest Court Affirms Constitutionality of Click-Through Nexus

    Click-through nexus is a well-known term in the world of sales and use tax. It refers to the proposition that an internet vendor may be required to collect and remit sales tax on sales that originate from links placed on the websites of independent affiliates...

    State Net Capitol Journal – April 8, 2013

    Budget & Taxes NY HIGH COURT UPHOLDS INTERNET AFFILIATE LAW: In the long-running feud over online sales taxes, the federal courts have consistently held that Internet retailers must have a "physical presence" such as a warehouse or...

    Constitutional Limitations on State Taxation of Securities Transactions

    by Andrew W. Singer, Esq.* I. Introduction Income from securities transactions may be subject to both federal and state income taxes, at least in the substantial majority of States that impose income taxes. The US Constitution imposes limits on...

    Gas Tax Follies

    Many states are rethinking how they pay for transportation in general and how they tax gasoline in particular. Maryland is the latest state to pass legislation ( HB 1515 ) dramatically changing the look of transportation finance. Gov. Martin O'Malley...

    State Net Capitol Journal – April 1, 2013

    Budget & Taxes REBOUND SPURRING RAINY DAY DEBATE: During the recession, states raided their rainy-day funds to help plug budget holes. Now, with the economy rebounding, some states are running surpluses. Governors in several of them are pushing...

    State Tax Essentials: Corporate Income Tax Computations

    by Robert Desiderio * Although there is some measure of conformity with the federal corporate income tax base, every state's statute makes its measure of tax corporate income different from the federal base. Typically, there are additions and subtractions...

    Bored Politicians Taxing Strippers

    Every once in a while politicians have the need to tax or regulate some aspect of the adult entertainment industry. Sometimes they go after hookers . Some times they go after dirty movies . Sometimes they go after adult book stores . Often the politicians...

    State Net Capitol Journal – March 18, 2013

    Budget & Taxes SOME LAWMAKERS PUSH FOR 'SIN TAX' ON GUNS: To some lawmakers in Congress and at least a half dozen states - particularly since the Newtown, Connecticut elementary school shooting - guns are a sin against society, like...

    California Residency for Income Tax Purposes

    by Bradley R; Marsh and Dina B. Segal * People have long flocked to California for its beautiful weather, rich agriculture, and immense business opportunities in a myriad of industries. In November 2012, however, California passed Proposition 30, which...

    Showdown in Kansas: Realtors vs. Governor

    ... In modern Dodge City local businesses try to profit from the city's historic past. But in 2012 Kansas Governor Sam Brownback wanted to lower the states income tax rate, and repeal of the state's historic preservation tax credit was one his...