ALBANY, NY – As of September 4, the Department of Taxation launched a more business friendly online sales tax system. The customer-focused system uses state-of-the-art technology to perform all sales tax filing and reporting tasks online. It was developed based on requests and input from business users. Businesses can store bank information for future returns…
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…
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…
