Breaking Archive

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

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

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

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

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

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