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,…
TEXAS – Shoppers, upcoming break from state and local sales and use taxes on purchases of certain energy efficient products during Memorial Day weekend! Qualifying products are: • Air conditioners priced at $6,000 or less • Refrigerators priced at $2,000 or less • Ceiling fans • Incandescent and fluorescent light bulbs • Clothes washers •…
TEXAS – Welding may be taxable when it constitutes the performance of a taxable service. It is determined by the specific type of work performed and whether it’s an improvement to realty or tangible personal property. If after installation the item’s removal from the property would not cause substantial damage to the property or destroy…
MISSOURI: Starting April 19th through the 25th, all retail sales of qualifying Energy Star-certified new appliances will be exempt from state and county sales taxes. The following, providing they are Energy Star certified and up to $1,500 each, is a list of qualifying items: Clothes washers Water heaters Dishwashers Air conditioners Furnaces Refrigerators freezers Heat…
Specialized tax savings engagements have incredible appeal because clients can achieve immediate financial benefits greater than the fees charged. Besides possessing or having access to the requisite expertise, firms developing a tax savings practice have two obstacles to overcome, according to a partner in a firm very successful in that regard. One is obviously the…
What all ebayers should know. Many business owners face a common question of whether or not to tax their internet-based sales. If you are an internet-based retailer, this article is for you. Each state has their owned de minimis rules for what activities establish a business as being “Engaged In Business” in their state. You…
COLORADO – The numbers are in! According to data, during the month of January, the first month of recreational pot sales, the legalized industry earned more than $3.5 million in revenue. Recreational marijuana is taxed in several ways. 15% excise tax, 10% special sales tax, 2.9% sales tax. Medical marijuana has another 2.9% sales tax….
Exemption for Offshore Spill Containment System: Tangible personal property that is used, or intended to be, solely in offshore spill response containment system is exempt from sales and use tax as of June 14, 2013 under House bill 1712. Services performed on qualifying property are also exempt. An entity formed primarily for the purpose of…
