What’s happening? CA has added an additional $124 Million in film incentives to its $330 Million film incentive program and will include construction incentives like building sound stages
Why is this important? CA says the data shows the incentives work to keep films in CA
How will this be important? It is a test to see if GA and other states with film incentives will be competitive
What’s happening? Economists watching MA are applauding its slow pacing to spending federal COVID funds.
Why is this important? States have until 2026 to spend the federal funding, while it must be allocated for spending by 2024. Economists say that studying state trends and needs helps maximize the impact of the COVID funding.
How will this be important? Many government projects take years of planning before building can occur which means the impact of the funds in communities may be years in the future.
What’s happening? As people stop paying for cable, the fees/taxes associated with cable are a revenue loss for local governmental entities. To make up for this revenue loss, the proposal that gains ground is taxing streaming services.
Why is this important?
How will this be important? Some states tax right-of-way fees for internet access, taxing streaming services could be seen as a double taxation.
What’s happening? A permitted use of federal COVID Relief funding is downtown development. Treasury Department Guidance for this use includes broad flexibility to build up disproportionately impacted communities.
Why is this important? COVID impacted real estate in downtown areas and also impacted BIOPIC communities disproportionately.
How will this be important? Legislative bodies have not finalized how they intend to utilize federal COVID relief funding.
What’s happening? Minnesota chose 1 of 4 specific uses for COVID federal relief funds to provide payments to essential workers during the pandemic.
Why is this important? The legislation’s only requirement for essential worker is that long-term care workers be included. The final decision for who is included will be approved by a group of appointees created by the amendment.
How will this be important? Other states are grappling with how to appropriate federal relief funds.
What’s happening? Governor Newsom signed SB 129 (2021 | CA) that is a $100 billion California Comeback Plan that includes:
Why is this important? California is providing the biggest tax breaks in the country.
How will this be important? The impact may be felt by other states if Californians stay in California.
What’s happening? Michigan Legislature voted to limit healthcare disaster declarations to 28 days unless the Legislature approves a longer timeline. The nifty tagline for the bill- Unlock Michigan.
Why is this important? Many legislatures looked to curtail the power of the Governor or their health care officials and require Legislative approval. In Michigan the Supreme Court has already ruled that the Governor exceeded her authority.
How will this be important? More states will consider reigning in declarations.
What’s happening? Texas Comptroller is said to have changed the tax rules to “source sales tax revenue from online purchases to the buyer’s location instead of the seller’s place of business.”
Why is this important? Well, if the county is Williamson County and relied on the sales tax generated by the seller, Dell Computers, that’s a hit to your county sales tax revenues.
How will this be important? It’s one of the many examples that details matter when you write laws and rules, the words have an impact. In this case, the impact is Williamson County is suing the State Comptroller of the change in tax rules.
What’s happening? Some say there is a shortage of workers in certain fields. Some say workers are looking for living wages. In the Great Depression states created Apprentice Programs to fill this gap. Apprentices are paid from day one, and employers cover any costs of education required. At the end of the apprenticeship the employee gains licensure and the employer finds that the newly licensed employee stays longer than a new college graduate.
Why is this important? The process benefits the employee who doesn’t incur higher education debt, and benefits the employer who gains a loyal employee.
How will this be important? These programs are working successfully in 27 states. That leaves 23 states.
What’s happening? Florida has a Freedom Week which means no sales tax one athletic tickets, recreational purchases, live music, in-theater movies, cultural events and entrance to museums and state parks, outdoor equipment as tents, grills, bicycles, kayaks and fishing gear
Why is this important? Sales tax holiday expansions are popular. Massachusetts is contemplating a months long sales tax holiday.
How will this be important? Looking for some populist goodwill for your state, here you go.
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