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Capitol Notes: Week Three

Breaking, Capitol Notes, Politics

Feb. 23, 2016 – The Legislature held its first three-day week of the 2016 session last week, meeting in chambers on Tuesday, Wednesday and Thursday. In the Senate, most of the work on the Senate floor focused on passing “Sunset” legislation. State law requires legislators to ...Read More

Capitol Notes: Week Two

Breaking, Capitol Notes, Politics

Feb. 16, 2016 – The Legislature met in session for two days last week, Tuesday and Thursday, and held numerous committee meetings last Wednesday. The action that most impacted Alabama banks occurred last Tuesday on the House floor, when the House passed House Bill 36, ...Read More

Proper Employee Classification

Breaking, Health Care Alert, HR News

We have begun the first year in which the play-or-pay penalty of IRS Code §4980H(a) is based on an offer of coverage to 95 percent of full-time employees. In 2015, the requirement was relaxed to 70 percent as transition relief. The sledgehammer penalty for ...Read More

2015 Regular Legislative Session: The End is Near

Breaking, Capitol Notes, Politics

Unless you’re a devout student of Alabama’s legislative process, you’ve probably never heard of Senate Rule 34. Yet, among the 206 rules that govern the Alabama House and Senate, this particular rule is currently the most important rule of all. Under normal circumstances, a ...Read More

Capitol Notes: Week 11 of the Regular Legislative Session

Breaking, Capitol Notes, Politics

With six legislative days remaining in this year’s session, next year’s General Fund and Education Trust Fund budgets are taking center stage at the State House. The FY 2016 Education Trust Fund budget, which appropriates nearly $6 billion in state funds, passed the House ...Read More

New Community Outreach Tool Created to Protect the Elderly From Financial Exploitation

Breaking

A recent study published by MetLife Mature Market Institute estimates that the financial loss by victims of elder financial crimes and exploitation is more than $2.9 billion a year with approximately 2 million seniors being exploited. Awareness of elder financial abuse is growing and ...Read More

Week 10 of the Regular Legislative Session

Breaking, Capitol Notes, Politics

Next year’s General Fund budget took the first step of its legislative journey last week as the House Ways and Means General Fund Committee favorably reported a substitute version of House Bill 135. Sponsored by committee chairman Rep. Steve Clouse (R-Ozark), the bill appropriates ...Read More

Week Nine of the Regular Legislative Session

Breaking, Capitol Notes, Politics

It is nearly universally acknowledged that a major financial crisis is looming for next year’s State General Fund budget. There appears to be no consensus among legislators on how to solve the problem. There are, however, at least three public solutions being considered. First ...Read More

King v. Burwell Backup Bill Introduced

Breaking, Health Care Alert

As discussed in previous Alerts, the Supreme Court of the United States heard arguments in the King v. Burwell case in March and is expected to release its decision in June. PPACA clearly provides premium tax credits only for individuals enrolled through state-sponsored exchanges. ...Read More

Week Seven of the Regular Legislative Session

Breaking, Capitol Notes

The first half of the 2015 Regular Session is officially in the books. Legislators have already introduced a total of 1,167 bills and resolutions, many of which impact Alabama’s banking industry. While this issue of Capitol Notes will follow normal protocol and provide you ...Read More

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