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Capitol Fax.com - Your Illinois News Radar » Ethics reform bill filed

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Lawmakers tack on COVID-19 amendments to higher education bill


Lawmakers tack on COVID-19 amendments to higher education bill
JUDY LUCAS
Missouri News Network
With time in the session running out, lawmakers have been hastily pushing COVID-19-related amendments onto bills set to be sent to the governor.
During session Monday, the House debated a bill that, on its surface, prohibits higher education institutions from requiring students to live on campus for more than one year.
The higher education bill, House Bill 682, sponsored by Rep. Jason Chipman, R-Phelps, now includes many of the amendments lawmakers have been trying to get passed concerning COVID-19 restrictions.
Various amendments to the bill would do the following: ....

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Inside the Legislation Shaping the Cannabis Industry in 2021 - WeedLife News Network


Inside the Legislation Shaping the Cannabis Industry in 2021
Monday, 08 March 2021
As the COVID-19 crisis persists and many industries suffer while businesses are forced to close their doors, the cannabis market is just getting started.
Over the next year, legislation vital to the emerging business sector is on the docket.
Key bills pending before Congress include the Marijuana Opportunity Reinvestment and Expungement Act, the SAFE Banking Act, Strengthening the Tenth Amendment Through Entrusting States Act, House Amendment 398, Further Health Extenders Act, The Compassionate Access, Research Expansion and Respect States Act, and the Regulate Marijuana Like Alcohol Act.
New Jersey Sen. Cory Booker. Photo courtesy of Cory Booker. ....

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Bill Could Erase up to $1 billion in Business Tax Assistance


WBGZ Radio 1/14/2021 |
By Cole Lauterbach - Illinois Radio Network
In the final hours of the 101st General Assembly, Illinois lawmakers nearly broke with federal law and remove a tax break intended to help small businesses during the pandemic, something estimated to cost Illinois businesses up to $1 billion in additional state taxes. 
Congress approved the change last year as part of the first CARES Act. It would allow some businesses to deduct losses from their taxes in the current year, rather than being required to spread them out over multiple years. House Amendment 2 to Senate Bill 1199 would decouple Illinois’ tax code from this portion of federal tax code, meaning businesses would not be able to write off those losses on their state taxes. Other states that follow the federal tax law would be able to write that off.  ....

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