Arizona – The State of Arizona has extended a significant tax break to Apple, Inc. who recently purchased property in Mesa, Arizona. The tax break would be due to Apple using a minimum of $100 million in renewable energy to power up a new data center planned for the location. There will also be a…
INDIANA – There will be an upcoming statutory amnesty 8 weeks before January 1, 2017 for any tax administered by the DOR. The applicable years will be for unpaid tax liability for periods ending before January 1, 2013. Penalty and interest will be waived. If you participated in the 2005 amnesty program, then you are…
ARIZONA – A statutory amnesty will begin on September 1, 2015 and end on October 31, 2015. It will cover all taxes administered by the DOR. Applicable years will be tax periods ending before 2014 for annual filers and Feb. 1, 2015 for all others. Penalty and interest will be waved. There is a special…
Overview: Many business owners’ face a common question of whether or not to tax their internet-based sales transactions. More commonly businesses are finding themselves in the position of having to address this matter during a sales/tax audit of their company. If your client is an internet-based retailer which sells all over the country through an…
PUERTO RICO- In May, Puerto Rico Governor Alejandro Garcia Padilla signed into law bill PC 2484, increasing the sales tax rate from 7% to 11.5%. This will become effective July 1, 2015. It also introduced a new 4% tax on business and professional services that will become effective October 1, 2015. These increased taxes will…
Multi-State: The House of Representatives passed House Bill 622 April 16, 2015. The bill would make certain state and local sales taxes deductions permanent. These tax breaks typically expire each year and are renewed at the last minute by Congress. As previous House bills continue to renew the majority of the 55 tax extensions, Congress…
TEXAS- House legislators announced a tax-relief package in April that would be a first in Texas- a lowered sales-tax rate. Since a 2% sales tax was first imposed in Texas in 1961, legislators have never cut the rate. While senators prefer to cut school property taxes, the House proposed trimming the state’s 6.25% sales tax…
Michigan– Voting in May 2015 could bring various changes to the sales tax structure in Michigan. The bill, already passed in the House and the Senate, is now being put to Michigan residents themselves. The bill proposes increasing the sales tax rate from 6% to 7%, lowering the sales tax on fuel, and increasing the…
PUERTO RICO- The Puerto Rican government has been working on a tax policy overhaul. Currently in the fine-tuning phase, the government is hopeful to get the bill approved by the end of April 15, 2015. Changes would affect most types of tax, including the addition of a Value Added Tax (VAT) system. The VAT levies…
MULTI-STATE: Online retailers will have a few changes to their sales tax laws if the Marketplace Fairness Act is approved. A bipartisan group of senators introduced the bill on Tuesday (3/10/15). The Marketplace Fairness Act of 2015 would give states the option to require out-of-state businesses, such as those selling online or through catalogs, to collect and use taxes already owed under state law the same way local businesses do. It relies on the Streamlined Sales and Use Tax Agreement among states.
