The Sixth Circuit reversed a district court opinion on the justiciability of an Ohio complaint which alleged that the offset provision in the $195.3 billion congressional American Rescue Plan Act amounts to a prohibition on tax cuts during the covered period.
In March 2021, Congress passed the ARPA which appropriated $195.3 billion in aid to the states and the District of Columbia. In order to receive those funds, the states had to agree to several conditions including an “offset provision,” which forbade the states from using the funds during the covered period “to either directly or indirectly offset a reduction in the net tax revenue” that “results from” a tax cut, according to the opinion.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]