Navigating the ins and outs of sales and use tax is crucial to business operations and consumer transactions in Texas. Texas imposes a state sale and use tax rate of 6.25 percent on a wide array of retail sales, leases, rentals of most goods, and taxable services. Local taxing jurisdictions, encompassing cities, counties, special purpose…
AL: Alaska Governor Mike Dunleavy is contemplating introducing a sales tax, which would significantly alter the state’s tax landscape. Currently, Alaska stands out as one of the five states in the U.S. without a statewide sales tax, a unique position it shares with New Hampshire, Oregon, Montana, and Delaware. While Alaska does not currently have…
In the realm of sales tax, the definition of “manufacturing” holds significant weight, often revolving around the physical transformation of tangible personal property (TPP) through the application of materials and labor. However, understanding your tax obligations and exemptions amidst the intricacies of each state’s regulations is crucial for businesses operating in the manufacturing sector. Key…
Colorado’s sales and use tax regulations landscape is undergoing significant shifts, mainly concerning economic nexus provisions and the role of home rule municipalities. Colorado state and local sales taxes, the implementation of sales and use tax simplification programs, and the response of self-collecting home rule municipalities, particularly in light of the Colorado Municipal League’s Model…
GA: Effective January 1, 2024, sales of specified digital products, other digital goods, and digital codes sold to an end user in Georgia are subject to Georgia sales and use tax, provided that the end user receives or will receive the right of permanent use of such products, goods, or codes. The transaction is not…
In recent years, the popularity of subscription services has transformed the retail landscape. Whether it’s curated boxes of goodies, digital content, or meal kits, subscription services offer convenience and tailored experiences. However, as this industry thrives, the question arises: Are subscription services taxable? The answer is as complex and varied as the subscription offerings themselves….
TEXAS:The world of electric vehicles (EVs) offers eco-friendly options and potential federal tax incentives for those who switch. However, as of September 1, 2023, Texas residents will face a new tax regarding owning an electric vehicle. A new EV law signed by Governor Greg Abbott has introduced additional costs for EV owners in the state….
TX: Texas shoppers no longer have to pay sales tax on menstrual products, making the state one of the few states in the country to have eliminated the “tampon tax.” A new law that went into effect September 1, 2023, eliminates the sales tax on feminine hygiene items, including tampons, menstrual pads, and menstrual cups….
TX: Sales Tax Holiday The Comptroller encourages all taxpayers to support Texas businesses while saving money on tax-free purchases of most clothing, footwear, school supplies and backpacks (sold for less than $100) during the annual Tax-Free weekend. Qualifying items can be purchased tax free from a Texas store or from an online or catalog seller doing business…
TN: Two different sales tax holidays will help give Tennesseans a break in their wallets. The first is the annual back-to-school sales tax holiday, held on the last weekend of July. The second is the Grocery sales tax holiday, which begins Aug. 1. The back-to-school sales tax holiday, clothing and school supplies, including some electronics…
