Sales Tax Deductions

Nationwide – Taxpayers are able to deduct state and local sales or use taxes for 2011 if they itemize deductions on their federal income tax return. Deductions include sales or use tax paid on big-ticket items such as cars, recreational vehicles and boats. Eligible taxpayers can claim the federal deduction in one of two ways:…


Sales and Use Tax Delinquents

Orange County – The California State Board of Equalization has added 256 names to the list of biggest sales and use tax delinquents, totaling $555.7 million, 24 of them from Orange County. Jerome E. Horton, chairman of the BOE, authored a law in 2007 requiring the board to post online the 250 largest tax delinquencies…


British Columbia Sales Tax Transition Rules

Canada – Starting April 1, 2013 British Columbia will cease to operate a Harmonized Sales Tax (HST). The proposed transitional rules have been issued by the federal Canadian Department of Finance which will facilitate the province’s elimination of the HST system which had blended the 5% federal Goods and Services Tax (GST) with the 7%…


Exemption for Labor

Texas – Labor involved in the repair, remodeling, maintenance or restoration of tangible personal property is not taxable if repair, remodeling, maintence or restoration is required by statute, ordinance, order, ruler or regulation of any commission, agency, court; or political governmental or quasi-governmental entity in order to protect the environment or to conserve energy. Medical…


Susan Combs Distributes $708.5 Million

Texas – State sales tax revenue was up 9.5% compared to January 2011 announced Susan Combs, Texas Comptroller. “Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 22 consecutive months. The recent monthly increase was led by the oil and natural gas-related sectors. Restaurant and services…


Tennessee’s Sales Taxes Highest

Tennessee – According to the Tax Foundation, Tennessee has the highest combined state and local sales tax rate of any state. The relatively high sales rate puts retailers in border towns at a competitive disadvantage and disproportionately hurts the poor who spend more of their income on purchases. Supporters of the tax system insist it…


BOE Specialists Verify Business Permits

California – More than 20,600 retail businesses in 22 different zip codes will be receiving letters notifying them of upcoming visits by Board of Equalization specialists. Here is a list of zip codes where the businesses receiving letters are located. • 90603, Whittier • 91344, Granada Hills • 91316, Encino • 91765, Diamond Bar •…