Finance & Revenue
Why esports? E-sports isn’t as impacted by pandemics.
Why should policy & rule makers pay attention? Esports is big business.
Who: Sleeper, a fantasy sports app, that raised $20 million Series B fundraising led by the venture capital firm Andreessen Horowitz.
Sleeper investors include: NBA All-Star Baron Davis, Pittsburgh Steelers wide receiver Juju Smith-Schuster, Twitch COO Kevin Lin, and ESPN basketball analyst Ros Gold-Onwude. NBA star Kevin Durant & his business partner Rich Kleiman.
Sport Techie | Fantasy Sports App Sleeper Raises $20 Million to Expand Into Esports
Welcome to Tennessee. SB 1694 (2020 | TN) a bill about the Tennessee Capitol Commission has been amended to change statue removal.
How did the bill get amended to statue removal? By not addressing statue removal, and instead changing the composition of the Capitol Commission to be heavily weighted to members of the Tennessee House.
Colorado: SB 217 (2020 | CO)
New York is considering a package of bills that will:
Politico | Legislature begins to pass police accountability package
California: amend existing legislation
KPIX | Leaders In State Legislature Back Ban On Police ‘Sleeper Holds’
Vermont: S338 (2020 | VT) The Justice Reinvestment Bill
Which Vermont agency was charged with hemp rule making? Vermont Agency of Agriculture, Food and Markets
What requirements do the rules place on the hemp industry?
STATE OF VERMONT Agency of Agriculture, Food and Markets | Hemp Program
Where: 1st City to create a Reparations Commission was Evanston, IL in 2019
Next City considering a Reparations Commission: Chicago
What does Evanston’s Reparations Commission look like?
Route 50 | One City Considers Creating a Reparations Commission
What: HB 357 (2020 | LA)
How much did the passage cost? Estimated that DraftKings and FanDuel spent $1 million
What’s new?
The Advocate | Fantasy sports measure breezes through Senate
Who crafted this economic recovery plan? The Alabama Policy Institute
The economic recovery plan in Alabama: Responsible Efficient Solutions to Open and Revive the Economy
The goals:
Alabama Today | Alabama Policy Institute unveils plan to help Alabama recover from COVID-19
Where are pandemic related contract provisions popping up? In Force Majure clauses + in Material Adverse Change clauses
What is the negotiated trade off?
Bloomberg Business Week | Corporate Contracts Get a Rewrite for the Post-Pandemic Era
New York legalized sports betting prior to 2020, but now a legislative push seeks to legalize online sports betting for its revenue potential to offset COVID revenue losses.
The legislation: S6234 (2020 | NY)
What special provisions will be included?
Golden Casino News | New York Lawmakers Push for Legalizing Online Sports Betting
What is the estimated economic impact of cannabis for 2020? $17 Billion
Why is cannabis legislation an economic regenerator?
Governing | Legislative Watch: The Cannabis Industry in the Age of COVID
Anything new? Yes, the wrist bands for the temperature approved public
CPR News | Colorado Lawmakers Tighten Public Health Rules At Capitol For Rest Of Session
Where: Kansas
What: HB 2244 (2020 | KS)
How does it protect a business’ liability?
Exceptions:
Indiana Gazette | Kansas lawmakers OK barring COVID-19 suits, curbing governor
Where: Oklahoma
What: Approved a Cost of Living Adjustment payment to 6 state pension systems
Why the COLA?
The legislation: HB 3350 (2020 | OK)
State: Minnesota
The realtor association: Minnesota Realtors, a 100 year old trade association
What policy changes do Minnesota Realtors want to mortgages?
Mortgage debt cancellation tax relief
Why is mortgage debt cancellation tax relief so important?
Offer property owners relief from having mortgage debt treated as “income” and taxed; particularly important during tough and uncertain economic times like the current pandemic
Where: Missouri
What restrictions were placed on edible cannabis products?
What restrictions are placed on labeling and operations?
The number of dispensaries: 192
NASDAQ | Missouri Legislature Passes Bill Banning Certain Forms of Marijuana Edibles
Where: Maine
Why did the Maine cannabis residency requirement for business licenses fall?
Any new COVID regulations pending for cannabis in Maine?
Yes, when to open retail cannabis locations and what COVID requirements should be in place
Cannabis Wire | Maine Lifts Residency Rules for Cannabis Industry After Lawsuit
Where: Hawaii
What are the new rules for the Capitol in Hawaii?
Big Island Video News | TODAY: Hawaiʻi State Legislature Reconvenes
How is fantasy sports adapting in a COVID economy?
Where: Texas
What are the revenue estimates if Texas legalizes cannabis?
KEYE | Experts say marijuana legalization could alleviate Texas economic losses from shutdown
How the year over year lottery ticket sales look:
Stateline via Route50 | The sales are a rare bright spot for state budgets.
New rules greeting the Alabama Legislature are:
Montgomery Advertiser | Alabama Legislature returns to work amid coronavirus outbreak
What will be the new normal at the California Capitol?
Where: North Carolina
How did North Carolina appropriate COVID relief?
WXII | North Carolina legislature unanimously passes $1.6 billion COVID-19 recovery package
Lousiana Legislature is considering the following new rules of operation for the new normal:
4WWL | Legislature divided over wearing masks, when to reopen
The Oklahoma Legislature will be operating under these new parameters when it reconvenes:
The Oklahoman | When Legislature reconvenes, Capitol will be open to public … sort of
Where: Minnesota
What: SF 4585 (2020 | MN)
The tax method: gross receipts tax
Minnesota uses a gross receipts tax method for alcohol sales at a 2.5% on alcohol gross receipts.
Minnesota Department of Revenue | Calculating Gross Receipts Tax
New York S8230 (2020 | NY) applies to a company that:
S8230 (2020 | NY) prevents a company from receiving tax credits in New York for 3 years from the time it buys back its stock.
Small Business Tax Credits: Michigan HB5741 (2020 | MI)
Property Tax Extensions with no Penalties: Minnesota looks to extend commercial, industrial & utility property taxes with no penalties HF4593 (2020 | MN)
Exempt PPE from sales tax: Ohio seeks to exempt personal protection equipment from sales taxes SB 307 (2020 | OH)
Property Tax Freeze to 2020 levels in Pennsylvania HB 2431 (2020 | PA)
Where: San Angelo Texas
What partnership created the COVID economic response task force?
Goal of the Economic Response and Recovery Task Force : sharing information on the converging economic situations and creation of a collaborative set of solutions
Results:
Go San Angelo | Economic Response and Recovery Task Force formed in San Angelo due to COVID-19
Who is offering the economic development deal? Joplin, Missouri
Package deal total: $1 Billion
What does the $1 Billion deal include:
Future Car | Missouri Attempts to Court Tesla With $1 Billion Package for Cybertruck Factory
Where: Congress.
What: House Financial Services Committee’s Task Force on Financial Technology proposed legislation that any swipe, dip or tap transaction at a merchant point-of-sale terminal would not trigger a signature
Who: Bank of International Settlements
What did the Bank of International Settlements do? fueled concerns that the coronavirus could be transmitted by handling cash
Financial Services Committee’s top Republican, Rep. Patrick T. McHenry of North Carolina said, ““We need to take a 21st century approach to combating the impacts of a public health crisis in our modern world.”
Countries making move to contactless payments: Austria, Germany, Hungary, Ireland, the Netherlands, the United Kingdom
CQ Roll Call via Governing | The Future of Cash Transactions in Question Amid COVID-19
Where: Alabama
What: The Legislature proposes using $800 Million of $1.7 Billion COVID funds for a broadband fund
Can a State use federal COVID funds for broadband? Unclear
Montgomery Advertiser via Governing | Alabama Proposes $800M of Coronavirus Fund for Broadband
Alabama
Alaska
Colorado
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Maine
Michigan
Mississippi
Montana
Minnesota
Missouri
Nebraska
New Hampshire
North Dakota
Oklahoma
Kansas
South Carolina
South Dakota
Texas
Tennessee
Utah
West Virginia
Wyoming
Governing | Reopening the Economy Under COVID-19: States Plot a Way Back
New York Times | See Which States Are Reopening and Which Are Still Shut Down
In KP-0300 (2020), Texas Attorney General explains that public input can be limited like this:
Where: Texas
What public information requests are being denied due to COVID? information concerning COVID infections at the 13 state supported living facilities
What exception to disclosure is offered? The federal Health Insurance Portability and Accountability Act
Where: Wisconsin
What Governor imposed COVID restrictions sparked the Legislature to sue?
An extension of the stay at home order until May 26th
How is the Legislature challenging the Governor’s action? By arguing the the Governor exceeded his powers
What are legislators saying?
The Hill | Wisconsin legislature sues to block enforcement of governor’s stay-at-home order
Who says it is requesting a Texas Attorney General Opinion? Houston Police Officer Union
Why is the Houston Police Officer Union requesting an attorney general opinion? To determine whether Houston Police Department must enforce County Judge’s order requiring everyone over 10 to wear mask, imposing penalties
How do crime statistics in Houston compare thus far for the year?
Where: IOWA
What records are being withheld due to COVID?
What exception to disclosure is the state government offering? “physical infrastructure, cyber security, critical infrastructure, security procedures or emergency preparedness” can be denied if “disclosure could reasonably be expected to jeopardize such life or property.”
Have other states released their pandemic response plans? Yes
Have other states denied release of COVID related records? Yes
Economics behind the U.S. restaurant industry:
Industry/regulatory changes on the horizon:
Food & Wine Pro | 21 Ways Restaurants Could Change Forever, According to Chefs
Where: Utah
What: A virtual special session convening on April 16, 2020 is likely to include legislation to limit the power of local governments to issue stay-home orders HB 3009 (2020 | UT)
Policy reasons for limiting local government stay at home orders:
Salt Lake Tribune | State legislators to consider limiting local stay-home orders during coronavirus
Where: Utah
The Utah Legislation:
How did Utah Legislature pass the bill?
Salt Lake Tribune | Utah Legislature calls historic special session to address coronavirus impacts
Wisconsin COVID Relief legislation: AB 1038 (2020 | WI)
How did the legislature pass it? By assembling virtually
What does the COVID response legislation include?
Wisconsin State Journal | Wisconsin Legislature releases COVID-19 coronavirus pandemic response bill
Minnesota COVID relief legislation:
COVID-19 | HF 4531 | Gazelka, P. | Providing $330 million for COVID-19 response efforts; creating the COVID-19 Minnesota fund. (Ch. 71) |
COVID-19 | HF 4537 | Howe, J. | Providing a presumption for COVID-19 workers’ compensation claims for certain employees. (Ch. 72) |
COVID-19 | SF 3813 | Relph, J. | Transferring funds for public health response planning and preparation for the COVID-19 outbreak. (Ch. 66) |
COVID-19 | SF 4334 | Benson, M. | Providing $200 million for public health response to the COVID-19 outbreak. (Ch. 70) |
Minneapolis Star Tribune | Minnesota Legislature passes its 4th COVID-19 relief package
Texas Attorney General Opinion KP-0299 (2020) this week tells us COVID isn’t a disaster under the Texas Tax Code because:
Where: Illinois
The total spent: $174 million
What does the $174 million include?
AP | Illinois COVID-19 response price tag $174M, records show
Where: Portland OR
What are the COVID revenue estimates for Portland?
Portland’s revenue solution: $100 million revenue bond
KATU | Coronavirus could cost city of Portland $100 million in lost revenues
Why did COVID increase food waste? Americans spend more at restaurants than they do for groceries
What is happening to the food usually supplied to restaurants & large institutions?
What regulatory actions are happening in response?
What new industry partnerships are emerging?
How Texas wine industry contributes to the economy:
Economic relief: Economic Injury Disaster Loan Program
“The Texas economy prior to this was the strongest in the country, the fastest job creation, and we’re expecting that when this is all done,” – Adriana Cruz, executive director of economic development and tourism for the Texas Governor’s Office
Where: Michigan
Who set the fines? Michigan Department of Health and Human Services Director
The fine: civil penalty of up to $1,000 and a process for referral to licensing agencies for violations
The basis: Governor Executive Orders 2020-11, 2020-20 and 2020-21.
What local action is exposing the limits in state preemption? Mayors who want to impose restrictions on their cities to prevent the spread of COVID but are prevented to do so by state action or state law
How is this playing out in Arizona? The Governor action prevents the Phoenix Mayor from closing 2 types of businesses: beauty salons & golf courses.
Civic Pulse | The Local Government Perspective on COVID-19
Governing | Will State Preemption Leave Cities More Vulnerable?
Who: College Station’s Community Development Block Grant Economic Development Funds
Goals of the funds:
The Eagle | College Station City Council approves Economic Assistance Grant program
The state that has a gaming bill on its Governor’s desk: Virginia
The legislation: SB 36 (2020 | VA)
What does SB 36 entail?
What did SB 36 specifically exclude and what was the trade off?
Where: Humbolt County California
What new enforcement mechanism has Humbolt County employed to tackle un-permitted & illegal cannabis facilities?
Satellite images
How did a rural county employ satellite enforcement?
Partnered with Planet, a San Francisco-based satellite imaging and analytics startup
How does satellite enforcement fit with the county’s ordinance? Humboldt County’s 2016 ordinance requires permitting officials to actively identify and to take action in regard to unpermitted cultivation sites.
How many citations were issued for unpermitted growing in 2017? less than 100
How many citations were issued after using satellite images? nearly 700 in the first year
Governing | How a County Is Managing a Marijuana Green Rush from Space
Where: Louisiana
What: HB 858 (2020 | LA)
How does HB 858 provide insurance coverage for businesses with COVID losses?
Where: New Jersey
What: A3844 (2020 | NJ)
How does it work?
Where: New Jersey
What: A3846 (2020 | NJ)
What does A3846 do?
3 reasons sustainable investments/Environment, Social and Governance (ESG) investments will increase in the market and by state funds because of COVID-19:
Economic Times | Don’t panic, it is time to reset your portfolio towards sustainability
The gaming revenue that still thrives:
Creative options for betting:
What are fantasy sports operators doing to adapt?
CNBC | In the coronavirus sports void, these are the desperate bets gamblers are making
March 25, 2020
March 24, 2020
March 23 Updates:
March 20 Updates:
March 19 Updates:
Tax Foundation | Tracking State Legislative Responses To COVID-19
In a letter dated March 25, 2020 Texas Attorney General explains 3 reasons why Texas Governor Abbott’s Covid-19 Executive Order keeps state offices open:
What Attorney General Opinion are we talking about? KP-0295 (2020)
What telephone revenue are we talking about because every tv show and movie I see shows illicit mobile phones under every pillow? revenue generated from inmates’ use of a PIN debit system to pay for phone time
What entity gets this PIN debit system revenue? general fund of the county, and not the commissary if the revenue isn’t part of a purchase from the commissary that has the funds passing through a facility’s commissary account
The states: California and New York
What enforcement powers do the states want over the financial industry?
Why are the states acting? less enforcement by the federal government over consumer fraud and securities fraud
Wall Street Journal | New York, California Want More Power Over the Financial Sector
Where: Virginia
What: HB 972 (2020 | VA)
How is Virginia regulating marijuana?
Policy goals from removing marijuana from criminal records:
What changed minds in Virginia? Public Opinion polls that showed changing opinions on marijuana legalization
Jurist | Virginia legislature passes marijuana decriminalization bill
Eater | Petition Urges Cancellation of Business Taxes to Lessen COVID-19 Impact on Texas Bars
What is Economist Ray Perryman saying about COVID 19 and the Texas Economy:
Tyler Morning Telegraph | Economist Ray Perryman predicts notable effects on Texas economy due to coronavirus
Where: California
What’s the legislation? AB 1948 (2020 | CA)
The tax cuts:
Why is the tax cut necessary?
What’s the economic issue at play? state and local taxes are considered a contributor to the growing divide between licensed & unlicensed cannabis markets
Where: Seattle, Washington
What: Amazon has created a $5 million fund to support local businesses impacted by the coronavirus precautions
Which businesses are they looking to help? bars, restaurants, and food trucks
Why does Amazon want to help these businesses? because the company issued a decree for employees to work from home which directly impacts revenue to bars, restaurants and food trucks
Where: Florida
What? Florida Legislature passed a bill to block Key West and any other local governments from imposing bans on certain types of sunscreen.
The bill: SB 172 (2020 | FL)
Does the bill go further than that? It will prohibit local governments from regulating drugs and cosmetics sold over the counter.
Why did local governments want to regulate drugs and cosmetics? Concerns about water, sea water and reef contamination from certain chemicals
News 4 JAX | Florida Legislature rejects local sunscreen bans
Where: Utah
What: HB 270 (2020 | UT)
Supporter Coalition: multi-state, bipartisan effort – the Coalition to Phase out Corporate Tax Giveaways
Why did this coalition begin? The bidding over Amazon HQ2
KUER | Utah Bill Aims To Prevent Corporate Tax Incentive Biddings Wars
How many state legislatures have had legislation introduced to cease incentives? 13 in 2020
Have the bills moved? Utah has passed the Utah House
What does Coalition to Phase Out Corporate Tax Giveaways want in the legislation?
Are there exceptions in the legislation? Yes
Why stop corporate incentives?
Who: Uber Works
Where: Just entered the market in Dallas
What does UberWorks do? Connects Dallas-Fort Worth workers with businesses to fill shifts with an expedited onboarding process & rapid payment for the worker.
What type of temporary jobs will it seek to staff?
What information will potential temp workers provide?
Dallas Morning News via Governing | Can Filling a Shift Be Just as Easy as Ordering an Uber?
What was the legislation that required women on boards of companies in California? SB 826 of 2018
What does the data say?
See the 2020 list of corporations with women directors on their boards.
The city: Springfield Illinois
What revenue is dedicated to paying down pension liabilities? city’s corporate fund balance was above 16% are dedicated to fire & police pensions
What did City Council do in response? In response to the need for budget flexibility after coal-fired power plants closed, city council tried to repeal the pension fund dedication.
The mayor’s response: veto of City Council action to either repeal or up the threshold to funds above 20%
State Journal Register | Langfelder issues rare veto of pension ordinance
Who requested the opinion? Senator Whitmire
What question will the Attorney General answer?
What does the request point to contrary to real estate investments?
Where: Tennessee
What does the legislation look like? SB 2182 (2020 | TN )
How would the tax work? It would require the transaction facilitator to charge the sales tax and remit the sales tax
Estimated additional tax revenue: $84 million
40 states apply sales taxes to marketplace facilitators.
Washington Examiner | Tennessee lawmakers move to tax Grubhub, Uber Eats and similar services
For the 1st month of legal marijuana sales in Illinois:
Total sales: $39.2 million
Total tax revenue: $10.5 million
Estimated Fiscal year 2021 tax revenue: $127 million
CBS Chicago | Legal Marijuana Sales Created $10.5 Million In Illinois Tax Revenue In January
Where: Michigan
What does this legislation look like? HB 5550 (2020 | MI)
Goal: Prevent County residents from paying for services they would not receive
How is the opt out triggered?
MLive via Governing | New Michigan Bill Lets Counties Opt Out Instead of Paying
New Study, Evaluating State and Local Business Tax Incentives, forthcoming in Journal of Economic Perspectives.
Possible solution:
Governing | Tax Incentives: The Losing Gamble States and Cities Keep Making
Where: Utah
What is a Transportation Utility Fee: A method by which local governments fund local transportation projects
What does Utah’s League of Cities and Towns say? fees are necessary to fund roads that all residents drive on and benefit from
The cities:
The nonprofit: Third City Coalition, dedicated to improving civic engagement in Stockton, California
Last year’s effort included 11 cities and resulted in projects to design roadways compatible with autonomous vehicles.
StateScoop | Five cities team up to uncover economic-development innovations
The jurisdictions:
How does this work? Adding taxes to the state’s False Claims Act
What does this mean? More private enforcement of tax violations
Opponents: Business Interest groups
Bloomberg Tax | California, Michigan, D.C. Eye Revenue From Tax Whistleblowers
Denver Post | Colorado marijuana sales hit a record $1.75 billion in 2019
Where: North Texas Municipal Water District
What’s happening with North Texas Municipal Water District?
TPPF | North Texas Controversy Reminds that Special Districts Need Reform
Where: Illinois
What is Illinois’ state sustainable investment plan called? Raise the Bar
What are Illinois esg/sustainable investment policies?
Morning Star | Q&A: Illinois Raises the Bar on Sustainable Investing
What happened when Japan increased its sales tax? Consumption declined
The numbers:
Wall Street Journal | Japan’s Economy Shrinks 6.3% as Sales-Tax Increase Cools Consumption
The State: Florida
What specific cannabis legislation is not moving in Florida in 2020?
What bills are moving? Bills to correct oversights in the state Hemp Program
Tampa Bay Times | Florida Legislature not moving to address marijuana legislation this session
If you’re in Kentucky, the caps last 2 years and then things change.
What’s the new proposal to cap the pension contribution rates of universities and some agencies? A cap of 67% on contributions rates, up from the previous cap of 49%
What happened when the caps were in place in state government?
What is the replacement funding mechanism for state agencies and universities? As opposed to a percentage of payroll, contributions will be calculated based on their determined share of the pension fund’s liability
Lexington Herald Leader | House bill would change how Kentucky’s pension debt is paid
Where: New York
What court: New York Supreme Court’s Appellate Division
How did the court get to fantasy sports laws violate the state Constitution prohibition on gambling? It found fantasy sports a game of chance
How is fantasy sports a game of chance? fantasy sports involves chance in that variables such as player injury, illness, bad weather or poor officiating impact fantasy sports
Harris Beach PLLC | New York State Appeals Court Finds Daily Fantasy Sports Law Unconstitutional
What: A billionaire’s $238 million condo in Manhattan is taxed at 0.22%, the same rate as the lowest, property tax rate in the country, Laredo, Texas
How did this happen: a tax cap
What has been the response: City Commissioners are proposing to eliminate the caps + have all homes are assessed and taxed at full-market value
Habitat | Billionaire’s Condo Taxed at Rate of Laredo, Texas
Why is Texas suing? California bans state travel to 11 states that restrict or limit LGBTQ persons in ways others are not restricted or limited
What 3 issues does Texas raise against the travel ban equated?
Politico | Texas sues California over law banning state-sponsored travel
Previously on InfoHive:
Where: California
How many states are on California’s travel ban? 11, including Texas, Oklahoma, North Carolina, Mississippi and Kentucky
What’s the newest travel ban? Iowa
What did Iowa do to earn a travel ban? removed gender protections under Medicaid
Sacramento Bee | California adds an 11th state to its travel ban. No taxpayer-funded trips to Iowa
An Opinion piece by Texas Comptroller points out this loophole in Texas Tax law:
“some cities and businesses have cut deals to source local sales tax on sales made over the internet solely to particular cities”
What impact does this loophole have:
Where are these sales tax agreements found: in economic development agreements
The regulatory fix: Changes to “Rule 3.334 to clarify that local sales tax is tied to the place of business from which internet orders are fulfilled or the location to which items are shipped or delivered.”
Its a $275.8 million problem: In January 2020 $763.8 million in monthly sales tax revenue was distributed to Texas local governments. 1,200-plus cities received $488.7 million. That’s a discrepancy of $275.8 million
The report authors: UTSA Institute for Economic Development
The report release date: February 2020
The 2 regulatory goals distillers want:
The economic benefits of distilleries in Texas:
UTSA Today | UTSA researcher brews up business plan for Texas distilleries
The property development transaction types: Commercial Property Assessed Clean Energy (C-PACE) transactions
An example: Petros PACE Finance, LLC , an Austin Texas based finance group + Ross Group, a Tulsa, Oklahoma developer
What sustainability will be included in the economic development project? efficient heating, cooling, plumbing and lighting systems, along with building envelope improvement on historic property including the 1920s Tulsa Club
The economic benefits:
Tulsa World | Austin, Texas, finance company backs two Tulsa hotels for energy-saving measures
What is an example of a gig economy labor bill? Like California’s AB 5 that classifies gig economy workers as employees and not independent contractors
What allies have started backing the gig economy tech companies in fighting legislation?
NPR | Uber, Lyft, Postmates Refuse To Comply With California Gig Economy Law
Where: Mississippi
How long has sports betting been legal in MS? 18 months
What has revenue looked like?
The 2017-2018 legislation: House Bill 967 (2017 | MS)
Mississippi Today | Mississippi’s gamble pays off; Supreme Court strikes down sports betting ban
The Dispatch | Going all in: 18 months after legalization, sports betting brings big bucks to Mississippi
Where is this unfolding? South Beloit, Ill
What does the mayor look to fund with marijuana revenue?
Estimated revenue for the little town? $1 million annually
Wall Street Journal | Is Your City’s Pension Fund a Little Short? Marijuana Might Help
Where: Illinois
Why is a Governor talking about state revenue from marijuana tourism? Illinois recently legalized cannabis while neighboring states, Indiana, Iowa, Missouri, & Wisconsin have not
When did the Governor say this? In the 2020 State of the State
What else did he say about legalization?
Chicago Business | Pritzker’s State of the State address: Full text
Last statewide pension system looking to divest from coal: New York State Common Retirement Fund
Who is pushing divestment? lawmakers and advocates
The legislation: Fossil Fuel Divestment Act (S.5873/A.8011-A)
Background: the Pension system CIO opposed it in 2019. The New York Comptroller supports it.
San Francisco Chronicle | New York pension to coal firms: Evolve or we’ll divest
Florida may become the 12th state to make its Insurance Commissioner a statewide elected official
The legislation: SJR 1460 (2020 | FL)
Where: Nebraska
What is the tax proposal? LR300CA (2020 | NE)
What would the consumption tax apply to? new goods & services
Who is backing this? Republicans who want to think “outside the box” to make the state the #1 state for business
How many other states are considering consumptions taxes in 2020? 9 including Alabama
Lincoln Journal Star | Surprise plan would replace state tax system with consumption tax
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