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Texas Governor Calls for $1.8 Billion in Tax Relief

Texas Gov. Rick Perry (R) delivered his seventh State of the State address to the Legislature on January 29, including a call for lawmakers to provide at least $ 1.8 billion in tax relief and to tap the state's rainy day fund for a one-time, $ 3.7 billion investment in transportation and water infrastructure...

Maryland Governor Supports Expansions of Job Creation Tax Credits

Maryland Gov. Martin O'Malley (D), in his January 30 State of the State address, stressed the importance of job creation and supported expansions of current job creation tax credits for biotechnology and research and development and the establishment of a new cybersecurity tax credit. View the...

Montana Governor Proposes Business Equipment Tax Cut, Property Tax Rebates

In his January 30 State of the State address, Montana Gov. Steve Bullock (D) urged lawmakers to carefully evaluate tax rebates and cuts for businesses, proposed returning $ 100 million to taxpayers in the form of property tax rebates, and recommended eliminating the business equipment tax for 11,000...

Ohio Governor Proposes $1 Billion in New Education Spending

Ohio Gov. John Kasich (R) on January 31 laid out a plan to increase funding for K-12 education in the state by $ 1.2 billion in the upcoming fiscal biennium, but he is not yet saying how the plan will be funded. Because of its reliance on local property taxes, which can generate vastly different amounts...

Marketplace Fairness Act Clears Another Procedural Hurdle in U.S. Senate

The Marketplace Fairness Act of 2013 (S. 743) moved closer to a final vote in the U.S. Senate as a motion to proceed passed 75 to 22 on April 24. The vote was the third taken on the measure since March, and all have passed with filibuster-proof margins. A test vote on an amendment to the Senate budget...

U.S. Senate Delays Vote on Marketplace Fairness Act

The U.S. Senate on April 25 delayed action on the Marketplace Fairness Act of 2013 (S. 743) until May 6, after a day marked by the filing of dozens of amendments from supporters and opponents but no action. Senate Majority Leader Harry Reid, D-Nev., called for a cloture vote late on April 25 after a...

Panelists Explorre State Taxation of the Cloud

The tipping point for consumer acceptance of cloud computing came two years ago with popular Microsoft and Apple ad campaigns, but state tax structures are having a hard time keeping up with the technology, panelists said April 26 during a roundtable discussion sponsored by Tax Analysts. View the...

Amazon to Build Distribution Center in Florida, Collect Sales Tax

By the time Congress enacts the Marketplace Fairness Act of 2013 (S. 743), it's liable to have little effect on Internet retailing giant Amazon.com, a company that is rapidly expanding its footprint around the country. The Seattle-based company announced June 13 that it will build a distribution...

Michigan Senate Passes Bill on Unitary Business Groups

The Michigan Senate has approved a measure (SB 367) to allow a taxpayer that is part of an affiliated group to elect to have all members of the group treated as a unitary business group without the consent of the Department of Treasury. According to the Senate floor summary of the measure, any member...

New York Enacts Bill to Allow Tax-Free 'Hotspots'

New York S 5903, signed June 24 by Gov. Andrew Cuomo (D), creates the START-UP NY program to allow colleges and universities in the state to apply to have vacant space or land designated as tax-free "hotspots" at which eligible new or expanding businesses that create net new jobs will be entitled...

Michigan Supreme Court: S Corporation Shareholders May Combine Business Income From Separate Entities

The Michigan Supreme Court held that the Income Tax Act does not prohibit individual S corporation shareholders from combining the profits and losses from unitary flow-through businesses and then apportioning that income on the basis of the businesses' combined apportionment factors, and that apportionment...