Sales Tax & New Year’s Resolutions?
Common new year’s resolutions include eating better, working out, and reading more. But do you know which states have sales tax laws to help you reach your goals?
The Marketplace Fairness Act is Back!
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.
How-to Videos on Filing & Paying Sales Tax
TEXAS – The Comptroller’s offices has recently released a series of how-to videos on filing and paying sales tax electronically, http://www.youtube.com/playlist?list=PLF3pUCXPSXKLOJ2mpSMLArZmAU9ljTnvy. The videos guide taxpayers through the secure online system WebFile, http://comptroller.texas.gov/webfile/. For sales/use tax compliance questions or audit related concerns, we are here to help! Contact us at: Contact Us Or call today for a consultation:…
New Arkansas Sales/Use Tax Incentives Save Corporations Millions
ARKANSAS– The Arkansas Economic Development Commission has 2 new investment incentives encouraging businesses to the state; InvestArk and Tax Back. InvestArk is a sales and use tax credit program for businesses that are investing $5 million in a single location for new construction, expansion, or updating. This credit is available for businesses that have been…
Increase in Sales Tax Generates $49 Million
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…
Changes to Comptroller’s Website and Email Addresses
TEXAS – The agency’s website address is now http://comptroller.texas.gov/. Employee email address will now be Jane.Doe@cpa.texas.gov. The previous Window on the State government website and email address format, Jane.Doe@cpa.state.tx.us, 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…
Tax Structure Reform for Car Leases
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…
Proposed Missouri Use Tax on RVs
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…
Marijuana Sales Tax Less Than Expected
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…
New Sales Tax Laws in California
CALIFORNIA- State Senator Bob Hertzberg formally introduced his first bill, Senate Bill 8, as 2014 came to a close. The bill, also known as The Upward Mobility Act, will impose sales and use tax to additional specific services provided in the state to increase state revenue. The economy of California has changed radically since the current…