I'll Drink to That

    Several years ago, in a blatant money grab, the California Board of Equalization decided that flavored malt beverages should be taxed as hard liquor (at $3.30/gallon) rather than beer (at a much more civilized 20 cents/gallon). This week, in a 3-0 decision...

    Prison Labor & Capitalism & Attractive Complexity

    This post started out as a simple link to a lengthy and interesting report on the market for inmate labor --it's cheap, compliant, and has few protections. It's also state aid/corporate welfare, as the authors note: In both the North and the...

    State Net Capitol Journal – April 23, 2012

    Budget & Taxes A TALE OF TWO TAX STRUCTURES AND ONE CITY: Which is worse: high income taxes or high sales taxes? That's a question residents of the metropolitan area of Portland, Oregon ponder fairly regularly. Oregon has no sales tax...

    State Net Capitol Journal – April 16, 2012

    Budget & Taxes CT PULLS PLUG ON MANAGED CARE FOR MEDICAID: The way states used to pay doctors and hospitals for treating Medicaid patients was by directly reimbursing them for the services they rendered. But spurred by criticism that the so-called...

    State Net Capitol Journal – April 9, 2012

    Budget & Taxes RISKY PENSION INVESTMENTS NOT PAYING OFF: Hoping to boost their investment returns and shrink looming deficits, public pension systems across the nation have been turning to riskier investments, such as private equity and hedge funds...

    State Net Capitol Journal – April 2, 2012

    Budget & Taxes PENSION SANCTITY MAY BE TESTED IN CA BANKRUPTCY: Financially troubled Stockton, California is currently in mediation with its creditors to determine whether it will file for Chapter 9 bankruptcy. The bankruptcy process is typically...

    State Net Capitol Journal – March 19th, 2012

    Budget & Taxes WV COMMITS TO PAYING DOWN PENSION DEBT: West Virginia's unfunded pension liability - estimated at $10 billion last year - is one of the highest per capita in the nation. But the state became a standout on the issue in a very...

    State Net Capitol Journal – March 12th, 2012

    c Budget & Taxes FL JUDGE SIDES AGAINST STATE IN PENSION CASE: A Florida circuit court ruled last week that Gov. Rick Scott (R) and Republican legislative leaders' decision last year to cut public employee salaries to offset the state's...

    The GOP Offers a Sound Tax Reform Program in South Carolina

    The Republicans in the South Carolina House are preparing a significant reform plan that will vastly improve the state's tax system. Although details are sketchy, the plan will broaden the sales tax base by eliminating two thirds of the exemptions...

    State Net Capitol Journal – March 5th, 2012

    Budget & Taxes STATES DIVERTING FORECLOSURE SETTLEMENT MONEY: Last month, the nation's five largest mortgage lenders signed a $25 billion settlement with the attorneys general of 49 states addressing loan servicing abuses that contributed to...

    State Net Capitol Journal -- February 20th, 2012

    Budget & Taxes SODA TAXES FIZZLE: Two years ago, when concern over obesity, especially among children, had states from California to New York debating excise taxes on soft drinks, it appeared as though they might become the new sin taxes of choice...

    State Net Capitol Journal -- February 13th, 2012

    Budget & taxes STATES REACH FORECLOSURE DEAL WITH BIG BANKS: After more than a year of negotiations, federal officials, attorney's general of 49 states and five of the nation's largest banks agreed last week to a $25 billion settlement that...

    State Net Capitol Journal -- February 6th, 2012

    Budget & Taxes TO TAX OR NOT TO TAX: In his state of the state speech last week, New Jersey Gov. Chris Christie (R) called for a 10-percent across-the-board cut in the state's income tax. "This will send a loud signal," he said. "The...

    Still the Worst Idea Out There

    On June 12 North Dakota voters will decide whether to pass Constitutional Measure 2 . That measure will repeal all property taxes. It is the most ridiculous idea ever proposed in the field of state and local public finance. The property tax remains the...

    State Net Capitol Journal -- January 23rd, 2012

    BUDGET & TAXES INTERNET GAMBLING MAY NOT PROVIDE JACKPOT FOR STATES: The ruling last year by the Department of Justice authorizing New York and Illinois to sell lottery tickets to their residents via the Internet signaled a major shift in the...

    State Net Capitol Journal -- January 17th, 2012

    Budget & taxes CA BUDGET PROPOSAL INCLUDES 'RANSOM NOTE' FOR VOTERS: California Gov. Jerry Brown (D) issued an ultimatum to voters in the $92.6 billion budget he proposed last week: approve $7 billion in temporary tax hikes at the polls...

    State Net Capitol Journal -- January 9th, 2012

    Budget & taxes STATES SEEKING BIGGER PENSION FUND RETURNS: Over the past few years, states have been cutting pension benefits for public workers in an effort to get a handle on unfunded pension liabilities estimated at between $1.26 trillion...

    State Net Capitol Journal -- December 20, 2011

    Budget & taxes NY RAISES TOP TAX RATE: This month New York Gov. Andrew Cuomo (D) agreed to do what he had repeatedly said he would not: raise taxes on his state's highest earners. Under the agreement passed by the Legislature, those making over...

    Caplin & Drysdale: District of Columbia Alters Treatment of Municipal Bond Interest

    By Beth Kaufman , Lucy Lee and Michael Pfeifer Effective January 1, 2012, the District of Columbia will no longer exempt the income on municipal bonds issued by all municipalities. Income from the following bonds will continue to be tax exempt for...

    State Net: Budget & Taxes, December 5, 2011

    SUPERCOMMITTEE STALEMATE SETS UP AUTOMATIC CUTS: As part of the deal reached by Congress in August raising the federal debt ceiling, a bipartisan supercommittee was charged with the Herculean task of figuring out by November 23rd how to reduce the federal...

    SALT To Taste: Louisiana - "Can't Touch This"

    The Louisiana Court of Appeal, First Circuit, recently issued its decision in UTELCOM , Inc. and UCOM, Inc. v. Bridges , [1] overturning the trial court's granting of partial summary judgment on behalf of the State. The primary issue addressed by...

    Understanding North Carolina's Sourcing Principles (Excluding Telecommunications Sales)

    By Martin Silver, J.D., LL.M. (Tax, NYU) -- Law Offices of Martin Silver, P.S., and Adjunct Professor, Tax, Golden Gate University, Seattle martindale.com® General Editor, Jasper L. Cummings, Jr. -- Alston & Bird LLP martindale.com® INSIGHT...

    InvestOhio Registration Begins for Qualifying Ohio Small Business Investments

    Registration for InvestOhio , a 10% personal income tax credit for investments into Ohio small businesses, has begun. First, each investor and the small business must register for InvestOhio through the Ohio Business Gateway . Each registrant will receive...

    State Net Capitol Journal--November 21, 2011

    ENTERPRISE ZONES HAVE BECOME ENTERPRISE IN CO: In 1986, Colorado lawmakers created the Enterprise Zone Program to encourage economic development in struggling parts of the state by giving tax breaks to businesses that bring capital or jobs to "economically...

    Employer State Income Tax Withholding with Today's Mobile Workforce

    Even in the day of teleconferences and electronic interaction, face-to-face communication with business contacts is inevitable. This in-person touch often requires employees to venture outside their home state, thereby earning a portion of their salary...