State Net Capitol Journal – May 7, 2012

SNCJ Spotlight With Congress stalled, states work their own "Amazon tax" deals Like millions of Americans these days, Dena Davidson buys a lot of products online. From birthday gifts to home furnishings, she eschews crowded malls at every opportunity, preferring the comfort of shopping...

State Net Capitol Journal – May 14, 2012

Budget & Taxes STATES' FISCAL HEALTH CONTINUING TO IMPROVE: State fiscal conditions are continuing their slow and mostly steady improvement, according to the National Conference of State Legislatures' Spring 2012 budget update. For the first time since the start of the Great Recession...

State Net Capitol Journal – May 14, 2012

Budget & Taxes STATES' FISCAL HEALTH CONTINUING TO IMPROVE: State fiscal conditions are continuing their slow and mostly steady improvement, according to the National Conference of State Legislatures' Spring 2012 budget update. For the first time since the start of the Great Recession...

Tax Mitigation-Avoidance-Evasion

"Tax avoidance involves arrangement of a transaction in order to obtain a tax advantage, benefit, or reduction in a manner unintended by the tax law. It is an unacceptable manipulation of the law which is unlike legitimate tax mitigation. Mitigation involves use of the tax law to achieve anticipated...

State Net Capitol Journal – July 9, 2012

Budget & Taxes AMERICA'S ON-SHORE CORPORATE TAX HAVEN: The unassuming office building located at 1209 North Orange Street in Wilmington, Delaware may not look like it, with its faded awning and parking garage view, but it's home to some of the most successful corporations in America, including...

State Net Capitol Journal – July 9, 2012

Budget & Taxes AMERICA'S ON-SHORE CORPORATE TAX HAVEN: The unassuming office building located at 1209 North Orange Street in Wilmington, Delaware may not look like it, with its faded awning and parking garage view, but it's home to some of the most successful corporations in America, including...

They Don’t Call It Country and Western Anymore

ABC Studios is going to do a television series called Nashville . The show will, appropriately, be about the country music scene. Nashville is the home of country music. In fact, the city calls itself "music city." It is the home of the Country Music Hall of Fame, the Grand Ole Opry, and the...

Free the Puppies, Tax a Millionaire

When I was a progressively minded editorial writer, I was never opposed to higher income taxes. I come from a long line of Brunoris who knew neither terrible poverty nor great wealth. It was easy to shrug off attempts to tax people who were better off than I am. But now I'm convinced that calls for...

State Net Capitol Journal – August 13, 2012

Budget & Taxes STATE BUDGETS STILL IMPROVING BUT NOT YET SECURE: Year-end balances are on the rise. Revenues are returning to pre-recession levels. Spending is in line with budget projections. That's what state legislative fiscal directors have been telling the National Conference of State...

State Net Capitol Journal – August 13, 2012

Budget & Taxes STATE BUDGETS STILL IMPROVING BUT NOT YET SECURE: Year-end balances are on the rise. Revenues are returning to pre-recession levels. Spending is in line with budget projections. That's what state legislative fiscal directors have been telling the National Conference of State...

State Net Capitol Journal – August 20, 2012

Budget & Taxes MA LEADS WAY AGAIN ON HEALTH REFORM: Massachusetts' 2006 health care reform law - upon which the federal Affordable Care Act was patterned - has arguably achieved its primary aim of reducing the number of residents without health coverage; the number of uninsured in the state...

State Net Capitol Journal – August 20, 2012

Budget & Taxes MA LEADS WAY AGAIN ON HEALTH REFORM: Massachusetts' 2006 health care reform law - upon which the federal Affordable Care Act was patterned - has arguably achieved its primary aim of reducing the number of residents without health coverage; the number of uninsured in the state...

President Romney's Tax Reform

If elected president, Mitt Romney will have to make some adjustments to his tax plan. For now he is saying that he wants to lower rates across the board by 20 percent and entirely offset the cost by scaling back tax expenditures unrelated to investment income. He wants his plan to be distributionally...

State Net Capitol Journal – December 10, 2012

Budget & Taxes GOVERNMENTS PAYING PRICE FOR CORPORATE INCENTIVES: States, counties and cities are handing out more than $80 billion in incentives to companies each year, according to an investigation by The New York Times. But a full accounting of the awards isn't possible, the Times said...

State Net Capitol Journal – December 10, 2012

Budget & Taxes GOVERNMENTS PAYING PRICE FOR CORPORATE INCENTIVES: States, counties and cities are handing out more than $80 billion in incentives to companies each year, according to an investigation by The New York Times. But a full accounting of the awards isn't possible, the Times said...

State Net Capitol Journal – December 17, 2012

Budget & Taxes BUSINESS INCENTIVES BIG NEWS: Corporate tax incentives have featured prominently in the headlines following The New York Times' series last month criticizing the deals. Much of the news has been critical of the Times' piece. In a guest column on MLive.com entitled "NY...

State Net Capitol Journal – December 17, 2012

Budget & Taxes BUSINESS INCENTIVES BIG NEWS: Corporate tax incentives have featured prominently in the headlines following The New York Times' series last month criticizing the deals. Much of the news has been critical of the Times' piece. In a guest column on MLive.com entitled "NY...

State Net Capitol Journal – February 18, 2013

Budget & Taxes STILL NO SEQUESTER DEAL IN SIGHT: In his State of the Union address last week, President Obama said both Democrats and Republicans agree that the $1.2 trillion in across-the-board spending cuts known as the sequester "are a really bad idea." But Democrats and Republicans...

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 behind in that expansion, due largely to declining...

State Net Capitol Journal – September 23, 2013; New Jersey Overhauls Corporate Tax Breaks

Budget & Taxes NJ OVERHAULS CORPORATE TAX BREAKS: Looking to spur job growth in the Garden State, New Jersey Gov. Chris Christie (R) signed legislation last week to expand the state's corporate tax incentives. Under AB 3680, the New Jersey Economic Opportunity Act of 2013, the state will lift...

State Net Capitol Journal – November 18, 2013: States Turning To Tolls

Budget & Taxes STATES TURNING TO TOLLS: With the federal gas tax not having budged in 20 years and Americans driving less and in more fuel-efficient vehicles, states are increasingly turning to an alternate revenue source to pay for road construction and maintenance: tolls. Forty-two states...

State Net Capitol Journal – December 16, 2013; Budget and Taxes: States Rush to Land Boeing

Budget & Taxes STATES RUSH TO LAND BOEING: After Washington machinists rejected a contract last month that would have guaranteed Boeing's planned 777X airliner would be built in that state, the company decided to explore other options for its 777X manufacturing center. And states have been...

State Net Capitol Journal – February 10, 2014; California Needs Bigger Entertainment Tax Credits?

Budget & Taxes CA NEEDS BIGGER ENTERTAINMENT TAX CREDITS? Hollywood has long been the capital of the film industry. But California Assemblyman Raul Bocanegra (D) said the state needs to boost its film and TV tax incentives to keep productions from being lured away to other locations. "For...

State Net Capitol Journal – March 10, 2014; 2013 (Sort Of) 'Year Of Tax Reform'

Budget & Taxes 2013 (SORT OF) 'YEAR OF TAX REFORM': Early last year many predicted 2013 would be "the year of tax reform" in the states, due to the unusually high number of tax measures that had been proposed, a number of which included major reforms. But according to the results...

State Net Capitol Journal – May 5, 2014; NY and NJ Could Be Denied $1B-$2B In Sandy Relief

Budget & Taxes NY AND NJ COULD BE DENIED $1B-$2B IN SANDY RELIEF: In 2013, after a contentious debate, Congress approved about $60 billion in aid for the victims of Superstorm Sandy. Roughly $15 million of that went to the U.S. Department of Housing and Urban Development for distribution, and...