Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
5 New York State Annuity Bills to Watch
By Allison BellOne could double the state income tax exemption for payments from individual retirement annuities.
January 20, 2023
Wealthy Taxpayers Could Take a Hit in These 8 StatesMost of these proposals are aimed at the ultra-wealthy, but some could hit the upper middle class.
January 19, 2023
New Bill Would Raise Capital Gains Tax on Wealthy New YorkersThe new 7.5% tax could apply to single New York residents with a taxable income of over $400,000.
January 19, 2023
Are 529 Plan Rollovers the New Backdoor Roth?This Secure 2.0 provision intrigues advisors, but there's some fine print, warns Ian Berger of Ed Slott and Co.
January 19, 2023
Treasury Taps Retirement Funds to Avoid Breaching Debt LimitTreasury Secretary Yellen informed congressional leaders of the step Thursday.
January 18, 2023
Wave of Tax-Hike Bills to Debut in Statehouses ThursdayLawmakers in seven states plan to propose tax hikes on the wealthy, including taxes on unrealized capital gains.
January 17, 2023
Advisors Ignore 401(k) Plans at Their Peril: Carson, Vestwell ExecsTech partnerships can help advisors meet growing demand for 401(k) services, Jamie Hopkins and Aaron Schumm say.
January 17, 2023
Long-Term Care Group Head Yawns at Secure 2.0 LTC ProvisionJesse Slome says the impact of a new tax break will be insignificant.