Tax

The firm is expanding its bond counsel practice in Virginia and the Southeast.

Congress might provide clarity by preventing states any state from imposing retroactive liability.

Membership in the Streamlined Sales Tax Governing Board is voluntary, but the Supreme Court ruling may serve as an impetus for more states and e-commerce retailers to join.

The tax would fund the voter-approved Medicaid expansion that was supposed to take effect July 2.

Texas maintained its torrid pace of sales tax collections in June with its sixth monthly record in 2018.

Tax accountants, financial advisors, private schools, and other organizations are advertising tax credits for donating to private K-12 voucher funds as ways to "sidestep," "bypass," "circumvent," or "mitigate" the impact of the federal SALT deduction cap, according to a survey.

CDFA said it is surveying local, state and multi-jurisdictional issuers about private activity bond fees in conduit transactions.

Sen. Jon Tester, D-Mont., and co-sponsors of a recently offered bill want to prevent businesses in their states from being forced to collect sales taxes from e-commerce transactions.

State workarounds for the new $10,000 cap on the deduction for state and local taxes may present new legal issues for the service, nominee Charles Rettig says.

Google, the city's largest employer, would pay around $3.3 million under the plan

Eric Papenfuse called for a hiring freeze and renewed scrutiny for all non-essential spending after the state budget did not give him the taxing flexibility he seeks.

Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.

With the need for Congressional action lessened, governors and state legislatures can focus on fine tuning their own laws, officials said.

Thursday's 5-4 ruling involves a 2016 law enacted by South Dakota requiring out-of-state e-commerce retailers to collect sales tax if they have more than 200 transactions annually or $100,000 in sales within the state.

The sales tax increase will bring in an extra $30 million to cover a projected $28 million budget shortfall.

U.S. Conference of Mayors President Stephen Benjamin talks about the ways to get Congress to bring back advance refundings for municipal bond issuers. The mayor of Columbia, S.C., also discusses a Smart Cities agenda that’s focused on growing cities through improved infrastructure. John Hallacy is host.

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

An advisory panel suggested modifying the fee structure for tax law violations to encourage more issuers to self-report them.

States could gain $8 billion to $33.9 billion in additional annual revenue if the high court rules in favor of South Dakota, while a loss would mean the status quo.

The latest Federal Reserve data shows the first decline in bank holdings of municipal securities in nearly a decade, a result of tax reform, according to experts.