Tag Archives: tax and benefits

ILN Today Post

Oregon: First state-wide bike tax generates controversy and revenue

On Aug. 8, 2017, Oregon’s governor, Kate Brown, signed HB 2017, a transportation-funding package, into law. Called the Transportation Improvement, Modernization and Preservation (TIMP) package, the legislation will be financed through a gradual increase in the motor fuels tax and motor vehicles registration and titling fees, among other things, according to the revenue impact statement. The registration fee and title fee surcharges are set to take effect on Jan. 1, 2018.

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ILN Today Post

Michigan: Retroactive repeal of tax compacts stands

Last week, the United States Supreme Court declined to hear the cases of several petitioners that wanted the court to consider whether their states’ repeals of the Multistate Tax Compact, which had the effect of expanding tax liability, were lawful. Six of these cases focused on Michigan’s 2014 retroactive repeal and one on Washington’s 2010 retroactive repeal.

The six Michigan cases are:

  • IBM Corp. v. Mich. Dep’t of Treasury, Case No. 16-698;
  • Gillette Commercial Ops. N. Amer. v. Mich. Dep’t of Treasury, Case No. 16-697;
  • Goodyear Tire & Rubber Co. v. Mich. Dep’t of Treasury, Case No. 16-699;
  • DirecTV Grp. Holdings, LLC v. Mich. Dep’t of Treasury, Case No. 16-736;
  • Skadden, Arps, Slate Meagher & Flom LLP v. Mich. Dep’t of Treasury, Case No. 16-688; and
  • Sonoco Prods. Co. v. Mich. Dep’t of Treasury, Case No. 16-687.

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ILN Today Post

Debunked: Myths related to tax increases to fund infrastructure

A year ago, we described the American Sociological Review’s report, Millionaire Migration and Taxation of the Elite: Evidence from Administrative Data, which dispelled the myth that aggressive taxation of the wealthy will cause massive migration to states with more favorable tax rules. Instead, we wrote, “the report conclude[d] that millionaire tax flight is occurring, but only at the margins of statistical and socioeconomic significance. Indeed, the evidence for elite tax flight rests entirely on high migration rates into Florida, and not to any other low-tax state.”

The topic remains one of interest, particularly in states struggling to find ways to fund essentials like infrastructure, but reluctant to pass new taxes. Connecticut, New York and Massachusetts are three such jurisdictions considering millionaire taxes, as we detailed last month.

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ILN Today Post

Texas: New challenges to solve and old challenges that need new solutions

In Gov. Greg Abbott’s state-of-the-state speech, he declared that Texas “is in the middle of an innovation renaissance,” touting the facts that the state has the second highest number of Fortune 500 companies, has added more than 200,000 new jobs in spite of last year’s “downturn in the oil patch,” and is number two in the nation for women-owned businesses.
In addition, without “breaking the budget,” the governor applauded lawmakers’ improvements in early and higher education, unclogging congested roads, boosting border security, and “end[ing] the [legislative] session with the largest savings account of any state in America.”
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