ILLINOIS– House Bill 2317 makes computing tax on car leases simpler starting the first of this year. Signed by Governor Pat Quinn last spring, the Illinois law will save lessees about 50% on their sales tax for leasing passenger cars, light trucks, recreation vehicles, and passenger vans. Under the new law lessees will only pay…
MISSOURI – Cape Girardeau County Commissioners voted in January to approve a 1% use tax, subject to voter approval. The voter-approved use tax can be levied on out-of-state purchases of titled vehicles, including automobiles, boats, recreational vehicles, and other tangible personal property purchased out of state. Buyers will be required to file a use-tax return with the…
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…
