Tax Law

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State Net Capitol Journal – July 14, 2014; Federal Highway Funding Bottleneck Forces States To Hit Brakes On Road Projects
Posted on 14 Jul 2014 by State Net

Budget & Taxes FEDERAL HIGHWAY FUNDING BOTTLENECK FORCES STATES TO HIT BRAKES ON ROAD PROJECTS: With the specter of an empty federal Highway Trust Fund looming, states — which count on that fund for 15 to nearly 60 percent of their transportation... Read More

State Net Capitol Journal – November 25, 2013; Budget & Taxes: Alabama Bond Sale May Establish Bankruptcy Template
Posted on 25 Nov 2013 by State Net

Budget & Taxes AL BOND SALE MAY ESTABLISH BANKRUPTCY TEMPLATE: Jefferson County, Alabama sold $1.8 billion in bonds this month. What's particularly noteworthy about that is the county has been in bankruptcy since November 2011, after defaulting... Read More

State Net Capitol Journal – June 9, 2014; Florida Hurricane Bonds On Rise
Posted on 9 Jun 2014 by State Net

Budget & Taxes FL HURRICANE BONDS ON RISE: Six years ago, Florida's government-run property insurer, Citizens Property Insurance Corp., paid Warren Buffett's Omaha, Nebraska-based Berkshire Hathaway Inc. $224 million in exchange for a guarantee... Read More

State Net Capitol Journal – February 3, 2014; States Debate What To Do With Tax Windfalls
Posted on 3 Feb 2014 by State Net

Budget & Taxes STATES DEBATE WHAT TO DO WITH TAX WINDFALLS: Rising tax revenues — and election-year considerations — are ratcheting up debate in state capitols over whether to cut taxes, restore spending eliminated during the recession... Read More

State Net Capitol Journal – November 18, 2013: States Turning To Tolls
Posted on 18 Nov 2013 by State Net

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... Read More

State Net Capitol Journal – June 4, 2012
Posted on 4 Jun 2012 by State Net

Budget & Taxes LANDLESS TRIBE SEEKING CASINO IN OK: Construction was halted on the Kialegee tribe's Red Clay Casino in Broken Arrow, Oklahoma last month after a federal judge issued a preliminary injunction in response to a lawsuit claiming... 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

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

State Net Capitol Journal – October 22, 2012
Posted on 23 Oct 2012 by State Net

Budget & Taxes TAX DODGERS DOGGING CA: California's budget is so in the red that Gov. Jerry Brown (D) has placed a multi-billion tax measure on the state's November ballot to try to avoid having to make deep cuts to education and public... Read More

State Net Capitol Journal – October 15, 2012
Posted on 16 Oct 2012 by State Net

Budget & Taxes HARRISBURG HEARINGS REVEAL FISCAL PROBLEMS BUT NOT CONSENSUS: Six hours of testimony this month failed to produce any consensus on what caused the financial crisis that has gripped Pennsylvania's capital city. But the first... Read More

State Net Capitol Journal – July 23, 2012
Posted on 23 Jul 2012 by State Net

Budget & Taxes CA'S 'CHARTER CITIES' BANKRUPTCY PRONE? The last three major California cities to file for bankruptcy or announce plans to do so - including Stockton last month and San Bernardino two weeks ago - have something in common... 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 – October 22, 2012
Posted on 23 Oct 2012 by State Net

Budget & Taxes TAX DODGERS DOGGING CA: California's budget is so in the red that Gov. Jerry Brown (D) has placed a multi-billion tax measure on the state's November ballot to try to avoid having to make deep cuts to education and public... 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

State Net Capitol Journal – July 23, 2012
Posted on 23 Jul 2012 by State Net

Budget & Taxes CA'S 'CHARTER CITIES' BANKRUPTCY PRONE? The last three major California cities to file for bankruptcy or announce plans to do so - including Stockton last month and San Bernardino two weeks ago - have something in... Read More