LexisNexis® Legal Newsroom
    State Net Capitol Journal -- February 13th, 2012

    Budget & taxes STATES REACH FORECLOSURE DEAL WITH BIG BANKS: After more than a year of negotiations, federal officials, attorney's general of 49 states and five of the nation's largest banks agreed last week to a $25 billion settlement that...

    State Net Capitol Journal -- February 6th, 2012

    Budget & Taxes TO TAX OR NOT TO TAX: In his state of the state speech last week, New Jersey Gov. Chris Christie (R) called for a 10-percent across-the-board cut in the state's income tax. "This will send a loud signal," he said. "The...

    State Net Capitol Journal – April 16, 2012

    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...

    February 25 -27: 2013 COST Sales Tax Conference

    2013 SALES TAX CONFERENCE 2013 Sales Tax Conference February 25 - 27, 2013 Four Seasons Washington, DC 2 ½ day conference featuring presentations of the most recent transactional tax topics. The conference is targeted to sales and use tax professionals...

    Budget & Taxes – State Net, October 3rd, 2011

    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...

    State Net Capitol Journal -- January 17th, 2012

    Budget & taxes CA BUDGET PROPOSAL INCLUDES 'RANSOM NOTE' FOR VOTERS: California Gov. Jerry Brown (D) issued an ultimatum to voters in the $92.6 billion budget he proposed last week: approve $7 billion in temporary tax hikes at the polls...

    State Net Capitol Journal, November 7, 2011

    CO VOTERS IN NO MOOD FOR TAX HIKES: Colorado voters had only one statewide initiative on their ballot last Tuesday (November 1st): Proposition 103. And they were very clear how they felt about the measure - which sought to raise income and sales taxes...

    State Net Capitol Journal – March 11, 2013

    Budget & Taxes ONLINE SALES TAX PUSH CONTINUES DESPITE DISAPPOINTING RETURNS: State officials have viewed Internet commerce with dollar signs in their eyes for decades. The few that have managed to tap the spigot of online sales in a substantive...

    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...

    State Net Capitol Journal -- January 23rd, 2012

    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...

    State Net: Budget & Taxes, December 5, 2011

    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...

    On Rehearing the California Court of Appeal Allows MTC Election

    On rehearing, the California Court of Appeal has reaffirmed its earlier (vacated) decision and reversed the decision of the Franchise Tax Board ("FTB") in Gillette v. Franchise Tax Board . The Court of Appeal concluded that the 1993 amendment...

    State Net Capitol Journal October 17, 2011

    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...

    State Net Capitol Journal – June 3, 2013

    Budget & Taxes CA RELEASES HEALTH EXCHANGE RATES: Last month, California released details about the insurers that will offer plans through the state's newly created health exchange and the premiums that millions of residents can expect to...

    State Net Capitol Journal – November 5, 2012

    Budget & Taxes SANDY'S ECONOMIC TOLL COULD TOP $20B: New Jersey Gov. Chris Christie (R), whose state was among those hit hardest by Hurricane Sandy, said last week that the damage from the storm was going to be "almost incalculable."...

    State Net Capitol Journal – April 23, 2012

    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...

    Budget & Taxes: State Net, October 24, 2011

    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...

    States Should Repeal Their Estate Taxes

    ... [S]tates can go a long way toward meaningful reform by repealing their estate and inheritance taxes. I have said before on many occasions that the state estate taxes are nothing more than jealousy fueled money grabs... Right now 21 states and the...

    Worst Idea of the Year? Cuomo Wins by a Landslide

    ... [T]he worst example of political destruction of tax policy ideals comes from New York and Governor Andrew Cuomo. New York still faces relatively high unemployment, around 7.8 percent . Many parts of the state, particularly outside the city, are economically...

    Balderdash Masquerading as Tax Policy Arguments

    It is no secret. This may hurt my libertarian credentials, but I believe the U.S. Congress should pass the Marketplace Fairness Act ... is good tax policy and anyone who disagrees has not done enough reading on what the giants in the study of sales taxation...

    Multistate Tax Compact: Is the End Near?

    On March 8, 2013, South Dakota Governor Dennis Daugaard signed Senate Bill 239, which repealed all provisions of the Multistate Tax Compact from South Dakota law. While South Dakota does not have an income tax and didn't participate in the Multistate...

    State Net Capitol Journal – October 15, 2012

    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...

    State Net Capitol Journal – June 17, 2013

    Budget & Taxes STATE REVENUES SURGE IN 1Q: States experienced a surge in tax collections in the first quarter of 2013, according to an alert released this month by the Nelson A. Rockefeller Institute of Government. Compared to the first quarter...

    State Net Capitol Journal – December 3, 2012

    Budget & Taxes 'CYBER MONDAY' SPURS PUSH FOR ONLINE SALES TAX: By most accounts, "Cyber Monday," was a good day for online retailers. Adobe Systems Inc. said Cyber Monday sales, based on data from retailers like Best Buy Co....

    Sutherland SALT Practice Adds COST VP/General Counsel, 3 Associates

    WASHINGTON, D.C. (February 12, 2013) - Sutherland Asbill & Brennan LLP announces that Todd A. Lard is rejoining the firm as a partner in the State and Local Tax (SALT) Practice, and Todd G. Betor , Sahang-Hee Hahn and Saabir S. Kapoor are joining...