In NCLA Amicus Win, Fifth Circuit Upholds Permanent Block on Treasury's Illegal State Tax Cut Ban
SQBLOCK(SQ) GlobeNewswire News Room·2024-06-27 01:48

Washington, D.C., June 26, 2024 (GLOBE NEWSWIRE) -- Late yesterday, the U.S. Court of Appeals for the Fifth Circuit affirmed a permanent injunction in States of Texas, Mississippi, Louisiana v. Yellen, shutting down the American Rescue Plan Act’s (ARPA) Tax Cut Ban condition that required the States to surrender their ability to decrease state taxes on their citizens in exchange for receiving federal rescue funds. NCLA filed amicus curiae briefs supporting the injunction, identifying the Tax Cut Ban as an a ...