201502.25
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Increase in Sales Tax Generates $49 Million

by Chanel Christoff Davis in Compliance, Sales Tax Maintenance, State Sales Tax Laws

COLORADO– Bolder County introduced new sales tax rates effective January 2015.  The new breakdown for the tax rate is as follows: Bolder County 0.985% State of Colorado 2.9% Regional Transportation District 1.0% Scientific Cultural District 0.1% Total 4.985% The Bolder Country rate increase is 0.185% from the previous 0.8%.  This rate was approved by voters…

201502.19
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Changes to Comptroller’s Website and Email Addresses

by Chanel Christoff Davis in Featured, States, Texas

TEXAS – The agency’s website address is now http://comptroller.texas.gov/. Employee email address will now be [email protected]. The previous Window on the State government website and email address format, [email protected], will work for about another year and will then redirect to the new format.  Update your bookmarks or links to the State’s website. For sales/use tax…

201502.18
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Tax Structure Reform for Car Leases

by Chanel Christoff Davis in Compliance, State Sales Tax Laws

ILLINOIS– House Bill 2317 makes computing tax on car leases simpler starting the first of this year.  Signed by Governor Pat Quinn last spring, the Illinois law will save lessees about 50% on their sales tax for leasing passenger cars, light trucks, recreation vehicles, and passenger vans.  Under the new law lessees will only pay…

201502.11
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Proposed Missouri Use Tax on RVs

by Chanel Christoff Davis in Compliance, State Sales Tax Laws

MISSOURI – Cape Girardeau County Commissioners voted in January to approve a 1% use tax, subject to voter approval. The voter-approved use tax can be levied on out-of-state purchases of titled vehicles, including automobiles, boats, recreational vehicles, and other tangible personal property purchased out of state.  Buyers will be required to file a use-tax return with the…

201502.04
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Marijuana Sales Tax Less Than Expected

by Chanel Christoff Davis in Compliance, State Sales Tax Laws

COLORADO– According to economists at Colorado Legislative Council, 2014 marijuana sales tax revenues were not as great as anticipated for their first year of sales.  Though proponents of the legalization of the controlled substance argued large tax revenues for the state, those original estimates were severely inflated.  Now able to analyze the revenue data, the…