Reprint from Tarrant Business, Star Telegram Blog Susan Combs, the Texas Comptroller, dropped by the Star-Telegram this morning to chew things over. She says she expects $1.1 billion – more than expected – to be transferred into the state's Rainy Day Fund this fall, due to the strength of oil and gas. “Oil and gas…
Multistate – New York state tax administrators have concluded merchants should collect sales tax on the full face value of items purchased with vouchers from Groupon, LivingSocial and other Internet discount deal sites. This could make some daily deals less attractive to NY consumers and retailers. If a Groupon is for a specific service the…
Rhode Island- The state’s 7% sales tax will be imposed for the first time on over-the-counter drugs, certain types of computer software, medical marijuana, and other items all part of the $7.7 billion state budget approved by legislature and signed into law by Governor Chafee. “ We have made a concerted effort to reach out…
Dallas, Texas–Davis & Davis LLC, a national sales/use tax services firm, announced today that Davis & Davis LLC partner Chanel Christoff Davis was selected as a judge for this years DFW Minority Supplier Development Councils 2011 E Awards. Chanel Christoff Davis is a founding partner of Davis & Davis LLC – Sales Tax Consultants. Her leadership has…
Texas – Sales tax revenue was up 11.8 percent in September compared to a year ago. In a release Combs said, “Texas sales tax collection have now increased for 18 straight months. All sectors showed increases in September, led by business spending, especially in the oil and gas-related sectors. Consumer sectors like restaurants a retail…
Per The Tax Foundation, as of July 1, 2011 the top 10 states with highest combined sales tax rates are: 1. Tennessee 2. Arizona 3. Louisiana 4. Washington 5. Oklahoma 6. Alabama 7. Arkansas 8. New York 9. Illinois 10. Kansas Sales tax rates vary across states, but factor in local rates and the variation…
California –In the wake of the Solyndra scandal, California State Treasurer Bill Lockyer will ask a state panel that hands out sales tax exemptions to renewable energy manufacturers to suspend a program that benefited the now bankrupt corporation. Per the Los Angeles Times, the program run by The California Alternative Energy and Advanced Transportation Financing…
Texas – Certain tax payers will be assessed a $50 penalty for filing a report late, beginning with reports due on or after Oct. 1. Regardless of whether you subsequently file the report or whether any taxes or fees were due from the taxpayer for the penalty covered by the late filed report, penalty will…
Denver, CO – Administrative Amnesty started October 1 – December 30, 2011. It will cover sales, use, and occupational privilege taxes. Applicable tax years will be any period ending on or before 6/30/11. Penalties will be waived as well as 50% interest. zp8497586rq
Arizona – Statutory Amnesty will end tomorrow October 1, 2011. Covers all taxes administered by the DOR except estate and ad valorem property taxes. Applicable tax years if filing annually 12/31/03 – 01/01/10, filing 52-53 week 1/14/04 – 01/01/10, and all others 12/31/04 – 01/01/10. All or partial penalties will be waived and partial interest…
