2010 Southeast Legislative State Tax Update
As many states are grappling with the recession and a gloomy economic outlook, state legislatures are attempting to find inventive ways to stimulate the local economy. This newsletter describes significant tax legislation passed, pending, proposed, or failed during the 2010 legislative sessions in the various states in the Southeast. The failed legislation is important due to the economic position of many states. Although certain legislation may have failed initially, it is a signal of the types of legislation that may pass in a special session or in subsequent years. The following legislative synopsis contains either direct or indirect excerpts from legislative committees or specific bill language. In addition, this newsletter is current as of the date prepared as stated above and is not intended to be a comprehensive analysis of the respective legislative sessions.