202007.29
0

Texas Comptroller Glenn Hegar Projects a Fiscal 2021 Ending Shortfall

Texas Comptroller Glenn Hegar today revised the Certification Revenue Estimate (CRE) and now projects a fiscal 2021 ending shortfall of $4.58 billion. The shortfall, which Hegar attributed to the COVID-19 pandemic and recent volatility in oil prices, is a decrease from the $2.89 billion positive year-end balance originally projected in the October 2019 CRE. In…

202007.23
0

Sales Tax on Telecommunication Services Exemptions

Telecommunications services between locations in Texas are subject to state and local sales tax, whereas most interstate telecommunications services are only subject to state sales tax. Mobile telecommunications services are subject to state and local sales tax based on the place of primary use. “Telecommunications services” is broadly defined as electronic transmission or reception of…

202007.15
0

Tennessee Business Relief Program

On June 2, 2020, Governor Bill Lee announced the use of federal Coronavirus Relief Funds to assist Tennessee small businesses impacted by the COVID-19 crisis. Governor Lee has directed the Tennessee Department of Revenue to issue business relief payments through the Tennessee Business Relief Program to small businesses for costs incurred as a result of…

202007.02
0

Virginia—Sales and Use Tax Authorized to Impose Additional Tax

Charlotte County  – Charlotte County is authorized to impose an additional local Virginia sales and use tax at a rate of up to 1%, subject to voter approval. If approved, the additional tax would not be levied on food purchased for human consumption that is taxed at a reduced rate.  Source Prince George County – Prince George…