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…
Certain items necessary to the operation of a data center will qualify for exemption from state sales and use tax under House Bill 1223, effective September 1, 2013. An owner, operator and/or occupant of a data center being constructed or refurbished to be used by a single occupant to house servers and related equipment for…
Effective September 1, 2013, cable television service, Internet access service or telecommunications services providers will be allowed under House Bill 1133 to claim a refund for state sales and use taxes paid on the purchase, leaser or rental of tangible personal property directly used or consumed in or during the distribution of cable television service,…
Minimum Purchase Threshold Removed: Effective Oct. 1, 2013, there will be no minimum purchase threshold requirement for exemption on the sale of gold, silver or numismatic coins or of platinum, gold or silver bullion thanks to House Bill 78. Before, only sales of $1,000 or more to a purchaser in a single transaction qualified for…
TEXAS – Effective January 1, 2014, House bill 3572 will lower the mixed beverage gross receipts tax rate from 14% to 6.7%. It also imposes an 8.25% mixed beverage sales tax. A mixed beverage permittee will collect an 8.25% tax on each mixed beverage whether it’s sold, prepared or served. The new sales tax will…
LOUISIANNA – Reminder, today November 22, 2013 is the last day for this year to file for statutory amnesty covering all taxes administered by the Department of revenue except motor fuel taxes and certain penalties. Applicable years are taxable periods that began before January 1, 2013 and for taxes due prior to January 1, 2013…
TEXAS – Effective September 1, 2013, Senate Bill 905 authorizes the holder of a distiller’s and rectifier’s permit to sell distilled spirits to customers for on and off premises consumption. Distilled spirits sales for off-premises consumption will be subject to sales tax. Distilled spirits sales at the distillery will be subject to mixed beverage tax….
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