Illinois—Sales and Use Tax: Rates of Reimbursement for Physician Services Increased; Provisions Relating to Annual Assessments on Hospitals Changed An amendment to Illinois sales and use tax legislation discusses that (1) the Department of Public Health (department) is increasing rates of reimbursement for physician services to as close to 60% of Medicare rates in effect…
Rates are constantly changing, and business owners should check their state comptrollers’ offices to update their rates. Key Findings are: Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states with the highest…
Colorado – The restoration of a 2% county lodging tax rate for certain Colorado counties has been adopted. County Lodging Tax Rate of 2% A county’s lodging tax rate will be restored to 2% if: the county had imposed a 2% county lodging tax by resolution and it remained in effect on July 1, 2020;…
Michigan – Sales and Use Tax: Personal Protective Equipment Qualifies for Industrial Processing Exempt PPE or safety equipment purchased by a person eligible for the industrial processing exemption is exempt from Michigan sales and use tax if used or consumed in an exempt industrial processing activity. Industrial Processing Exemption PPE or safety equipment is eligible…
Arkansas – Farmer’s ATV Purchase Did Not Qualify for Farm Machinery and Equipment Exemption A taxpayer’s protest against Arkansas sales tax assessment on its purchase of an ATV was denied because the taxpayer failed to prove entitlement to the farm machinery and equipment exemption by a preponderance of the evidence. Generally, farm machinery and equipment…
