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State Net Capitol Journal – June 1, 2015; Gas Tax Hike Coming to California?

Budget & Taxes Gas Tax Hike Coming to CA? Raising prices at the gas pump is a risky proposition in California, where cars have always been king. In fact the state is one of only a few in the nation that haven’t raised gas taxes since the...

Peter Miller
Red Alert! SCOTUS Strikes Down Maryland 'Piggy Back' Tax

Invalidation by the U.S. Supreme Court of local 'piggy back' taxes in Maryland could create a huge fiscal hole for the state. In Comptroller of the Treasury of Maryland v. Wynne et ux. , * the Court affirmed Md. State Comptroller of the Treasury...

State Net
State Net Capitol Journal – May 18, 2015; Pension Reforms Struck Down In States

Budget & Taxes Pension Reforms Struck Down In States Twice in two weeks courts have rejected state pension reform laws. On April 30, Oregon’s Supreme Court ruled that the reductions the state made to cost-of-living adjustments in 2013...

State Net
State Net Capitol Journal – May 11, 2015; Budget Surplus In California

Budget & Taxes Budget Surplus Surge In CA With the state’s economy continuing to improve, California lawmakers were expecting a budget surplus this year of about $2 billion. But last week Assembly Speaker Toni Atkins (D) announced that...

State Net
State Net Capitol Journal – May 4, 2015; Transportation Funding Crisis Breeds Self-Reliance In States

Budget & Taxes Transportation Funding Crisis Breeds Self-Reliance In States The transportation funding crisis in the states is continuing to worsen. At least six states -- Arkansas, Delaware, Georgia, Montana, Tennessee, and Wyoming -- have...

LexisNexis Tax Law Community Staff
IRS Ruling: LLC Members Not Limited Partners for Employment Tax Purposes

by Stephen Looney* In CCA 201436049 , (September 5, 2014), the IRS found that members of a management company LLC ("Management Company") were not "limited partners" within the meaning of IRC Section 1402(a)(13) and, therefore, were...