Tax Law

Recent Posts

State Net Capitol Journal – January 25, 2016; Utah Looking to Force Action on Internet Sales Taxes
Posted on 25 Jan 2016 by State Net

Budget & Taxes UT Looking to Force Action on Internet Sales Taxes Utah Sen. Curt Bramble (R) said he and his colleagues will debate a bill this year requiring Utah-based businesses that sell on the Internet to collect sales taxes on those transactions... Read More

State Net Capitol Journal – April 13, 2015; Lottery Success Spurs Backlash
Posted on 13 Apr 2015 by State Net

Budget & Taxes Lottery Success Spurs Backlash State lottery sales topped $70 billion last year in the 43 states that have them, according to the American Association of State and Provincial Lotteries. That sum represents more than 10 percent... Read More

State Net Capitol Journal – June 2, 2014; Pennsylvania Gambling Played Out?
Posted on 2 Jun 2014 by State Net

Budget & Taxes PA GAMBLING PLAYED OUT? Born only eight years ago, Pennsylvania's gambling industry may already have reached maturity. The state legalized gambling in 2004. Its first two casinos opened in 2006. Four more opened the following... Read More

State Net Capitol Journal – November 3, 2014; Massachusetts Casino Study At Odds With Experience Of Other States
Posted on 3 Nov 2014 by State Net

MA CASINO STUDY AT ODDS WITH EXPERIENCE OF OTHER STATES: Supporters of a November ballot measure in Massachusetts (Question 3) aimed at repealing the 2011 law authorizing as many as three resort casinos and a slots parlor in the state issued a press release... Read More

State Net Capitol Journal – September 22, 2014; States Keeping Eye On Billionaires
Posted on 22 Sep 2014 by State Net

Budget & Taxes STATES KEEPING EYE ON BILLIONAIRES: When the wealthiest Americans sell large quantities of stock or suffer big losses, it can have a significant impact on the finances of the states where they reside, especially if those states are... Read More

State Net Capitol Journal – July 7, 2014; Early Internet Gambling Revenues Disappointing
Posted on 7 Jul 2014 by State Net

Budget & Taxes EARLY INTERNET GAMBLING REVENUES DISAPPOINTING: Last year Delaware, Nevada and New Jersey became the first states in the nation to legalize Internet gambling. But so far, their online gambling revenues have been falling far short... Read More

State Net Capitol Journal – November 10, 2014; North Carolina Department of Transportation Looking For Ways To Boost Earnings
Posted on 10 Nov 2014 by State Net

NC DOT LOOKING FOR WAYS TO BOOST EARNINGS: North Carolina's Department of Transportation wants to start operating more like a business. It's already planning to sell advertising and naming rights for DOT ferry boats and highway-helper trucks to... Read More

State Net Capitol Journal – October 14, 2013; Mortgage Settlement Money Used To Balance State Budgets
Posted on 15 Oct 2013 by State Net

Budget & Taxes MORTGAGE SETTLEMENT MONEY USED TO BALANCE STATE BUDGETS: As part of their settlement last year with major mortgage lenders over the lenders' use of improper mortgage practices contributing to the foreclosure crisis, states received... Read More

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

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... Read More

State Net Capitol Journal – August 18, 2014; Federal High-Speed Rail Investment Generating Lackluster Returns
Posted on 18 Aug 2014 by State Net

Budget & Taxes FEDERAL HIGH-SPEED RAIL INVESTMENT GENERATING LACKLUSTER RETURNS: In his 2011 State of the Union address, President Barack Obama spoke of a future in which sleek bullet trains whisk passengers all about the country at speeds of over... Read More

State Net Capitol Journal – August 13, 2012
Posted on 13 Aug 2012 by State Net

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... Read More

State Net Capitol Journal – August 6, 2012
Posted on 6 Aug 2012 by State Net

Budget & Taxes CA STATE PARK DONORS CRY FOUL: Last month California officials revealed that the state Department of Parks and Recreation had stashed away $54 million it had not reported to the state Department of Finance. The news came as quite... Read More

Court Holds Online Poker Accounts are FBAR Reportable
Posted on 26 Jun 2014 by Jack Townsend

In United States v. Hom , [ enhanced version available to lexis.com subscribers ], 2014 U.S. Dist. LEXIS 77489 (N.D. CA 2014), here , Hom was an online gambler who held accounts at two online poker companies, PokerStars and PartyPoker. He used a financial... Read More

State Net Capitol Journal – August 13, 2012
Posted on 13 Aug 2012 by State Net

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... Read More

State Net Capitol Journal – August 6, 2012
Posted on 6 Aug 2012 by State Net

Budget & Taxes CA STATE PARK DONORS CRY FOUL: Last month California officials revealed that the state Department of Parks and Recreation had stashed away $54 million it had not reported to the state Department of Finance. The news came as quite... Read More