RubinBrown recently attended the mid-year board meeting of the National Association of Home Builders in Washington, D.C. as a member of the Business Management and Information Technology Committee.
Recently passed legislation now subjects business owners and owners of rental property to tax in Kansas. During the 2017 legislative session, SB 30 was passed, vetoed by Governor Brownback and quickly overridden by the Kansas Legislature. The bill becomes law July 1, 2017 but several provisions are effective January 1, 2017.
The WannaCry (aka WannCrypt, WannaCrypt0r 2.0 and Wcry) global ransomware attack raises significant concerns about wide scale attacks from self-propagating ransomware. It appears the initial threat has been stopped by malware researcher MalwareTech. However, the underlying threat is still present and there is consensus copycat (and better designed) attacks are imminent.
On May 4th the House of Representatives passed a bill by a 217 to 213 margin to repeal the Affordable Care Act (ACA) and replace it with The American Health Care Act (AHCA). If enacted in its current form, the new law would eliminate most of the taxes the ACA put in place. The House bill is now in the hands of the Senate where it will likely undergo significant changes.