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    State Net Capitol Journal – October 1, 2012

    Budget & Taxes NATION NEARING SEQUESTRATION CLIFF: The automatic federal budget cuts that were part of the 11th-hour debt-ceiling deal Congress reached in August of last year - cuts no one really wants - are set to take effect in a few months...

    State Net Capitol Journal – September 17, 2012

    Budget & Taxes TOLL ROAD REBELLION IN MD: Many Maryland motorists appear to have little respect for the state's toll roads. Thousands are repeatedly blowing through the state's E-ZPass lanes without an E-ZPass transponder. One car...

    State Net Capitol Journal – September 10, 2012

    Budget & Taxes CA STRUGGLES TO BALANCE ENVIRONMENTAL, ECONOMIC CONCERNS: The California Environmental Quality Act (CEQA), passed in 1970, has been credited with helping to preserve the state's lush wetlands and keep condos off the slopes of...

    State Net Capitol Journal – September 3, 2012

    Budget & Taxes LA LOOKING TO COLLECT ON OUTSTANDING DEBTS: The government of Louisiana is owed more than $1.5 billion by businesses, municipalities and others. And last month, a trio of financial experts offered the state advice on how it should...

    Food Lion Loses Forced Combination Fight, Gains Penalties in NC Court of Appeals

    Delhaize v. Lay has been a closely followed case on the North Carolina "forced combination" question. Interest waned a bit when the North Carolina Court of Appeals decided against Wal-Mart on the same issue in Wal-Mart Stores East v. Hinton...

    State Net Capitol Journal – August 20, 2012

    Budget & Taxes MA LEADS WAY AGAIN ON HEALTH REFORM: Massachusetts' 2006 health care reform law - upon which the federal Affordable Care Act was patterned - has arguably achieved its primary aim of reducing the number of residents without health...

    State Net Capitol Journal – August 13, 2012

    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...

    State Net Capitol Journal – August 6, 2012

    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...

    Massachusetts Appeals Court Affirms Operational Approach to Cost of Performance Without Published Opinion

    The appeal of AT&T Corporation v. Commissioner from the Massachusetts Appellate Tax Board ("ATB") [decision ( 2011 Mass. Tax LEXIS 45 (Mass. Tax 2011) )] was among the 10 most requested dockets on the Supreme Judicial Court of Massachusetts...

    State Net Capitol Journal – July 23, 2012

    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...

    State Net Capitol Journal – July 16, 2012

    Budget & Taxes POLITICAL DIVIDE ON ECONOMIC RECOVERY: States finally emerging from the long economic downturn are now faced with the dilemma of deciding the best way to facilitate their recovery. Two states in particular are taking approaches...

    They Don’t Call It Country and Western Anymore

    ABC Studios is going to do a television series called Nashville . The show will, appropriately, be about the country music scene. Nashville is the home of country music. In fact, the city calls itself "music city." It is the home of the Country...

    State Net Capitol Journal – July 9, 2012

    Budget & Taxes AMERICA'S ON-SHORE CORPORATE TAX HAVEN: The unassuming office building located at 1209 North Orange Street in Wilmington, Delaware may not look like it, with its faded awning and parking garage view, but it's home to some...

    Wills and Trusts: Different Standards for Capacity?

    By Genevieve M. Moore , Morrison & Foerster LLP It is more and more common for individuals to use a revocable trust instead of a Will as their primary estate planning document, particularly in California where we practice. Although there is an up...

    State Net Capitol Journal – June 18, 2012

    Budget & Taxes STATES' MEDICAID COSTS RISING FASTER THAN SPENDING: The National Association of Budget Officers (NASBO) and National Governors Association's (NGA) most recent survey of state fiscal health is not particularly encouraging...

    "Functional Equivalent" Nexus: When Goodwill Goes Bad in New Mexico

    The New Mexico Court of Appeals held that for purposes of imposing the state's gross receipts tax, Barnes & Noble Booksellers, Inc.'s (Booksellers) in-state activities may be imputed to an out-of-state retailer (Taxpayer) based on the use...

    State Net Capitol Journal – June 11, 2012

    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...

    State Net Capitol Journal – June 4, 2012

    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...

    New From California: Flexible Purpose Corporations

    [Editor's Note : This narrative is derived from Trust Administration and Taxation, § 3.03[5] (Matthew Bender) b y Joseph L. Wyatt, Jr., J.D., Morrison & Foerster LLP, Los Angeles, CA. It describes California's Corporate Flexibility Act...

    State Net Capitol Journal - May 21, 2012

    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...

    State Net Capitol Journal – May 14, 2012

    Budget & Taxes STATES' FISCAL HEALTH CONTINUING TO IMPROVE: State fiscal conditions are continuing their slow and mostly steady improvement, according to the National Conference of State Legislatures' Spring 2012 budget update. For the...

    State Net Capitol Journal – May 7, 2012

    SNCJ Spotlight With Congress stalled, states work their own "Amazon tax" deals Like millions of Americans these days, Dena Davidson buys a lot of products online. From birthday gifts to home furnishings, she eschews crowded malls at...

    I'll Drink to That

    Several years ago, in a blatant money grab, the California Board of Equalization decided that flavored malt beverages should be taxed as hard liquor (at $3.30/gallon) rather than beer (at a much more civilized 20 cents/gallon). This week, in a 3-0 decision...

    Prison Labor & Capitalism & Attractive Complexity

    This post started out as a simple link to a lengthy and interesting report on the market for inmate labor --it's cheap, compliant, and has few protections. It's also state aid/corporate welfare, as the authors note: In both the North and the...

    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...