Legislative Issues

August 13, 2009

Last week the General Assembly adopted a budget, and the Legislature is now heading towards adjournment.  The House is having a session by itself to examine bills sent to it by the Senate.  The Senate will meet in “skeleton” session to make sure that any bills needing last minute attention receive it. 

Next session we should expect the Senate to examine an overhaul of our tax system whereby larger taxes might be lowered, and there might be a number of new taxes that would supplant the revenue lost by certain tax decreases.  We could well expect the life insurance premium tax to arise again, but for this session we have emerged in good shape on that issue. Full article