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    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...

    Go Big or Go Home - Tax Reform in Maine

    The big idea of the last week was a dramatic tax reform proposal in Maine . The idea is big and bold. Big and bold usually means a measure has no chance of passage. State legislators from both parties are not exactly profiles in courage. The proposal...

    State Net Capitol Journal – February 4, 2013

    Budget & Taxes TAX TALK ABOUNDS IN STATES: Last month, Louisiana Gov. Bobby Jindal (R) proposed doing something no state has done for over three decades: eliminating income taxes. (The last to do so was Alaska, which abolished its personal income...

    State Net Capitol Journal – June 10, 2013

    Budget & Taxes KS TAX PLAN SPURS POLITICAL POSTURING: The Kansas Legislature passed a new tax plan last week that will gradually lower income taxes over the next five years but keep in place part of a sales tax increase approved in 2010 to get...

    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...

    Business Tax Incentives Create Race to the Bottom

    by Jeremy Scott , Editor tax analysts ® Tax Notes Tax competition is a positive force in the global economy, according to Daniel Mitchell of the Cato Institute. He believes that governments competing against each other to attract business makes...

    Pancho Villa and Three Hundred Million Joints

    As everyone knows, Colorado recently legalized marijuana ... Here are some cool facts about pot in Colorado. The Colorado Futures Center estimates that demand for marijuana will hit 2,268,985 ounces a year... about 70 million grams. If you can roll...

    State Net Capitol Journal – March 4, 2013

    Budget & Taxes VA PASSES TRANSPORTATION FUNDING OVERHAUL: On the final day of their legislative session, Virginia lawmakers approved a plan overhauling the way the state will pay for its roads, highways and mass transit. Under the plan...

    March 6: COST Mid-Atlantic Regional State Tax Seminar

    BASKING RIDGE, NJ - MID-ATLANTIC REGIONAL STATE TAX SEMINAR Wednesday, March 6, 2013 Verizon Center Auditorium 295 North Maple Avenue Basking Ridge, NJ 07920 Presenting an update on significant state tax issues for the Mid-Atlantic States: Delaware...

    State Net Capitol Journal – March 18, 2013

    Budget & Taxes SOME LAWMAKERS PUSH FOR 'SIN TAX' ON GUNS: To some lawmakers in Congress and at least a half dozen states - particularly since the Newtown, Connecticut elementary school shooting - guns are a sin against society, like...

    State Net Capitol Journal – April 22, 2013

    Budget & Taxes KS TAX REFORM WORST IN NATION: Joe Henchman of the conservative Tax Foundation and Nick Johnson of the left-leaning Center on Budget and Policy Priorities rarely agree on anything having to do with taxes. But when Governing magazine...

    Court Holds Online Poker Accounts are FBAR Reportable

    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...

    State Net Capitol Journal – May 20, 2013

    Budget & Taxes CA GOV DAMPENS BUDGET SURPLUS JUBILATION: A couple of weeks ago California officials announced the state was running a $4.5 billion surplus this fiscal year due to a surge in income tax collections in April. (See TAX REVENUE SURGE...

    March 21: COST Southeast Regional State Tax Seminar

    CHARLOTTE, NC - SOUTHEAST REGIONAL STATE TAX SEMINAR Thursday, March 21, 2013 Bank of America - Hearst Tower First Floor, Room 114 200 N. College Street Charlotte, NC 28202 Presenting an update on significant state tax issues for the Southeast States...

    Filing Compliance Procedures Challenge U.S. Taxpayers Residing Overseas

    Generally, [the 2012 Offshore Voluntary Disclosure Program] OVDP is designed for those delinquent U.S. taxpayers who have been holding financial assets overseas, have not been disclosing such assets to the U.S. government, have not been reporting...

    State Net Capitol Journal – May 13, 2013

    Budget & Taxes TAX REVENUE SURGE YIELDS SURPLUS IN CA: On April 17 California received nearly $2.8 billion in personal income tax payments, the third-largest amount collected on a single day in the state's history. That haul - combined with...

    State Net Capitol Journal – January 21, 2013

    Budget & Taxes VA GOV PITCHES RADICAL TRANSPORTATION FUNDING PLAN: Virginia Gov. Bob McDonnell (R) proposed a radical plan this month to address his state's transportation funding shortage: replacing the state's gas tax, a shrinking...

    Soviets Run Mississsippi, Planned Economies and All

    My friends at Good Jobs First released a report on Mississippi tax incentives recently that liberals, small government conservatives, and libertarians should find appalling... First, this is the epitome of government intrusion in the marketplace. A...

    State Net Capitol Journal – April 8, 2013

    Budget & Taxes NY HIGH COURT UPHOLDS INTERNET AFFILIATE LAW: In the long-running feud over online sales taxes, the federal courts have consistently held that Internet retailers must have a "physical presence" such as a warehouse or...

    April 17: COST Mid-Atlantic Regional State Tax Seminar

    PITTSBURGH, PA - MID-ATLANTIC REGIONAL STATE TAX SEMINAR Wednesday, April 17, 2013 H.J. Heinz Company One PPG Place (Building One) Pittsburgh, PA 15222 Presenting an update on significant state tax issues for the Mid-Atlantic States: Delaware, District...

    No Use for Useless Stances

    ... This week the Senate passed something called the " Marketplace Fairness Act " [of 2013] that would basically let states force sellers who do not have a physical presence in the taxing state collect sales tax, and thereby get around all...

    State Net Capitol Journal – April 1, 2013

    Budget & Taxes REBOUND SPURRING RAINY DAY DEBATE: During the recession, states raided their rainy-day funds to help plug budget holes. Now, with the economy rebounding, some states are running surpluses. Governors in several of them are pushing...

    State Net Capitol Journal – January 14, 2013

    Budget & Taxes HEALTH REFORM LAW DOESN'T HALT MAJOR RATE HIKES: One of the main objectives of the Affordable Care Act was to stem the rising cost of health insurance for American consumers. But that hasn't stopped health insurance companies...

    Gas Tax Is the Way to Go

    ... Gas taxes are not perfect. But they assign the costs of road maintenance more or less to those who use the roads. You drive more, you pay more. Wyoming, Vermont, California and other states have raised the gas tax in the past year. The main problem...

    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...