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…
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…
From the Texas Comptroller of Public Accounts Note: If you have already filed or paid your taxes with our office for the filing period ending Dec. 31, 2014, please disregard this message. Access to Texas Comptroller of Public Accounts website and most e-systems has been restored. Please note, due to the volume of traffic, our…
MISSOURI – Sales of hot air balloon rides are exempt from Missouri sales tax, as determined by the Missouri Supreme Court. Courts decided that hot air balloons meet the federal definition of “air commerce” because they have a potential to endanger safety in interstate air commerce. States may not impose any tax or fee on…
ALBANY, NY – Sales tax will no longer be added to the charge for tastings at wineries. The state is also creating a $350,000 fund to research hops and malting barley for beer. During an April summit, wineries pushed for this change since they were already exempt from paying a use tax. Gov. Andrew Cuomo…
MISSISSIPPI – 2nd Amendment Sales Tax Holiday will run from September 5 – 7, 2014. During the Second Amendment Weekend, eligible items include: • Ammunition • Armguards • Bows and bow accessories • Gunpowder • Holsters • Sights • Shafts • String wax • Targets Layaway sales do not qualify for exemption. If you purchase…
NORTH CAROLINA – Recent revisions were made to the agriculture sales tax exemptions under House Bill 1050 that was passed by the General Assembly and signed by Gov. Pat McCrory. Effective July 1, every farmer who has a current agriculture exemption certificate and has $10,000 or more in annual gross farm income in the past…
CALIFORNIA – Beginning July 1, sales tax will be included in the price of food truck items listed. If the vendor does not indicate that sales tax is included, they would need to add sales tax to the price of the taxable item. The State Board of Equalization approved an amendment to tax rules for…
TEXAS – Compared to June 2013, state sales tax revenue was up 3.7 percent, $2.24 billion, said Comptroller Susan Combs. “Sales tax revenues continue to grow at a moderate pace. The increase was led by remittances from the wholesale trade, services and restaurant sectors. Fiscal year-to-date collections have now grown by 5.2 percent.” Cities, counties,…
