Texas – Sales tax revenues from November 2016 of this year are down 1.1% compared to last year. Comptroller Glen Hegar attributes the majority of this to overestimating the oil and gas taxes would generate. “Sales tax revenue declined again due to reduced spending in oil and gas-related sectors,” Hegar said. “Remittances from other sectors,…
Overview: Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts your sales/use tax outlook? · Starting a new division of your business? · Launching a new product or service line? · Expanding your business into a new territory? · Attending…
Overview: Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts your sales/use tax outlook? · Starting a new division of your business? · Launching a new product or service line? · Expanding your business into a new territory? · Attending…
Wisconsin – On 8/11/15 SB227 was introduced by Wisconsin Senators Maklein, Gudex, Harsdorf, and Petrowski. This bill provides a sales and use tax exemption for building materials that become part of a facility for a local unit of government or non-profit organization. This act was approved by the Governor on 12/18/15. The bill is estimated…
Overview: Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts your sales/use tax outlook? · Starting a new division of your business? · Launching a new product or service line? · Expanding your business into a new territory? · Attending…
California – On January 4, 2016, California Assembly Member Cristina Garcia introduced a bill (1561) that would make tampons and sanitary napkins exempt from sales tax. Assembly Member Garcia is passionate about the issue. “This is not insignificant to women, especially poor women on a tight budget who struggle to pay for basic necessities like…
Join our sales tax expert Chanel Davis at the Professional Forum Lunch and Learn Presentation on Friday February 5, 2016. “Your Annual Sales Tax Check-up: Assessing Your Sales Tax Exposure and Risk” Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts…
