Committee explores HB350 taxing large pass‑through entities; seeks revenue modeling and Department of Revenue input The committee reviewed HB350, a proposal to tax pass‑through entities (S corporations/LLCs) with over $25 million in taxable income at a rate tied to the existing C‑corp rate (discussed as 9.4%). Members pressed for modeling on affected taxpayers, implementation and audits; the committee requested Department of Revenue staff attend a future hearing.

Alaska's House Labor and Commerce Committee is diving deep into a new bill that could reshape taxation for large pass-through entities—will it hit the $25 million mark?

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#AK #AlaskaPassThroughs #CitizenPortal #EconomicPolicy #TaxationReform #RevenueAccountability

State treasurer urges audit of state land leases, citing low fees and missed revenue State Treasurer Kurt Meyer urged a management audit of state land leases to assess low flat fees (examples cited) and consider royalty or market‑based approaches to increase returns for public education.

State Treasurer Kurt Meyer is calling for a deep dive into Wyoming's state land leases, revealing shocking disparities in fees that could mean millions in lost revenue for public education.

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#WY #LandLeaseReform #CitizenPortal #ManagementAudit #RevenueAccountability

Senate committee adopts amendment to reshape estate tax filing threshold and sends bill to floor The committee voted to adopt the dash‑3 amendment to Senate Bill 15 11, converting the current state estate tax threshold to a deduction and setting a $2.5 million filing threshold (effective 2027); a rival dash‑4 amendment failed before the committee moved the bill to the Senate floor with a due‑pass recommendation.

Oregon's Senate Committee has just reshaped the estate tax landscape, setting a new $2.5 million threshold and aiming for middle-class tax relief by 2027!

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#OR #RevenueAccountability #MiddleClassRelief

Committee advances gas tax increase to shore up road funding after long debate The committee recommended SB76, a proposal to raise the state gas tax from 17¢ to 23¢ per gallon (special fuel 21¢ to 26¢) effective July 1, 2026, on a 6–4 vote after extensive questioning about project backlog, distribution of revenues and interactions with other climate-related rules.

New Mexico's Senate committee has voted to increase gas taxes to tackle a staggering $7 billion road maintenance shortfall, igniting a heated debate over funding and fairness.

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#NM #CitizenPortal #NewMexicoRoads #InfrastructureFunding #RevenueAccountability

Legislators hold hearing on eliminating California’s ‘water’s edge’ election amid budget shortfall A joint Senate–Assembly informational hearing examined whether to require worldwide combined reporting rather than allow the water’s edge election; witnesses gave divergent estimates of revenue gains (low‑single‑digit billions to larger but uncertain figures), while agencies flagged data limits and administrative, litigation, and international risks.

California lawmakers are debating whether to eliminate a controversial tax election that could reshape corporate taxation and impact funding for essential services.

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#CA #CitizenPortal #CorporateTaxReform #RevenueAccountability #PublicFunding

Legislative Post Audit: KDOR largely has procedures but must improve county enforcement and data quality for motor-vehicle tax collections A Division of Legislative Post Audit review found KDOR has many practices to collect sales and use tax on motor vehicles but needs stronger county enforcement steps and better Movers registration data to detect suspect transactions; KDOR reported partial implementation of recommendations.

An audit reveals serious gaps in Kansas' motor vehicle tax collection processes, risking millions in overdue remittances and questionable sales data.

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#KS #CitizenPortal #KansasTaxation #RevenueAccountability #DataQuality #CountyEnforcement

Missouri Assembly approves $4.87B budget for transportation and revenue departments Missouri legislature allocates funds for various transportation and revenue programs through 2026.

Missouri's legislature has just approved a groundbreaking $4.87 billion budget to transform transportation and revenue programs through 2026!

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#MO #InfrastructureInvestment #CitizenPortal #RevenueAccountability #MissouriTransportation #EconomicDevelopment