Tax Law

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State Net Capitol Journal – March 5th, 2012
Posted on 5 Mar 2012 by State Net

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... Read More

State Net Capitol Journal – June 11, 2012
Posted on 11 Jun 2012 by State Net

Budget & Taxes NC AGENCY LIFELINE FOR LOCAL GOVERNMENTS: North Carolina has the fourth highest state unemployment rate in the nation, according to the Bureau of Labor Statistics' April rankings. But unlike other states with job markets that... Read More

State Net Capitol Journal -- January 23rd, 2012
Posted on 24 Jan 2012 by State Net

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... Read More

State Net Capitol Journal – April 2, 2012
Posted on 2 Apr 2012 by State Net

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... Read More

Budget & Taxes – State Net, October 3rd, 2011
Posted on 3 Oct 2011 by State Net

GRANHOLM'S ECONOMIC WARNING FOR NATION: Years before the start of the Great Recession, Michigan was struggling with its own economic downturn, precipitated by the decline of the U.S. auto industry. The state's economy doesn't look quite... Read More

State Net Capitol Journal – April 23, 2012
Posted on 23 Apr 2012 by State Net

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... Read More

State Net Capitol Journal October 17, 2011
Posted on 17 Oct 2011 by State Net

A TALE OF TWO ECONOMIC POLICIES: Four years ago, Nebraska Gov. Dave Heineman (R) enacted the largest tax cut in his state's history. The state now has the country's second lowest unemployment rate, at 4.2 percent. In May, Connecticut Gov. Dannel... Read More

State Net Capitol Journal -- December 20, 2011
Posted on 20 Dec 2011 by State Net

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... Read More

State Net Capitol Journal – April 9, 2012
Posted on 9 Apr 2012 by State Net

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... Read More

Budget & Taxes: State Net, October 24, 2011
Posted on 24 Oct 2011 by State Net

ND WEIGHS DOING AWAY WITH PROPERTY TAXES: In stark contrast to most of the rest of the country, times are pretty good in North Dakota. So good, in fact, the state is considering becoming the first in the nation to abolish property taxes. Spurred by the... Read More

State Net Capitol Journal – April 16, 2012
Posted on 16 Apr 2012 by State Net

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... Read More

State Net Capitol Journal - May 21, 2012
Posted on 23 May 2012 by State Net

Budget & taxes CONGRESSIONAL REPUBLICANS CALL OUT STRUGGLING US STATES: As economic turmoil returned this month to Greece and Spain, key Republicans in Congress issued a tough message for struggling U.S. states. "Recent experience on Wall Street... Read More

State Net: Budget & Taxes, December 5, 2011
Posted on 5 Dec 2011 by State Net

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... Read More

State Net Capitol Journal – March 19th, 2012
Posted on 19 Mar 2012 by State Net

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... Read More

State Net Capitol Journal -- January 9th, 2012
Posted on 9 Jan 2012 by State Net

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... Read More