Texas – A new Emergency Preparation Sales Tax Holiday Act was passed last year and took effect on September 1, 2015. The act states that emergency preparation items will be exempt from taxes on the last Saturday, before the last Monday in the month of April. For 2016, the dates are April 23rd through the 25th….
Texas – Sales tax revenues from November 2016 of this year are down 1.1% compared to last year. Comptroller Glen Hegar attributes the majority of this to overestimating the oil and gas taxes would generate. “Sales tax revenue declined again due to reduced spending in oil and gas-related sectors,” Hegar said. “Remittances from other sectors,…
Join our sales tax expert Chanel Davis at the Professional Forum Lunch and Learn Presentation on Friday February 5, 2016. “Your Annual Sales Tax Check-up: Assessing Your Sales Tax Exposure and Risk” Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts…
Join our sales tax expert Chanel Davis at the Professional Forum Lunch and Learn Presentation on Friday February 5, 2016. “Your Annual Sales Tax Check-up: Assessing Your Sales Tax Exposure and Risk” Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts…
Texas – On September 1, 2015, House Bill 158 took effect. The bill states that the collection of sales tax on sporting goods is to fund the Texas Parks and Wildlife Department. Ninety-four percent of the proceeds will be credited to that department. The remaining six percent will be credited to the Texas Historical Commission….
Join our sales tax expert Chanel Davis at the Business Opportunities Forum Event on January 7, 2016. Register at: http://www.eventbrite.com/e/city-of-dallas-big-business-industry-group-forum-goldman-sachs-10000-small-businesses-tickets-19866526315?aff=mlt To request Davis & Davis LLC to speak at your next Professional Group Event, visit Schedule A Speaker. About Davis & Davis LLC – Sales Tax Experts: Headquartered in Dallas, Texas, Davis & Davis LLC – Sales Tax Experts specializes…
OKLAHOMA – From September 14, 2015 through November 13, 2015, a statutory amnesty is taking place in Oklahoma. The taxes covered under this amnesty are gasoline and diesel taxes, gross production and petroleum excise taxes, corporate income tax, bank “in-lieu” taxes, individual income tax, withholding taxes, sales and use taxes, and mixed beverage taxes. Applicable…
New York – Per nydailynews.com, Uber could mean a better NY subway ride in the future. With yellow taxi rides declining, the fast growth of Uber and other car service apps could fuel the Metropolitan Transportation Authority “MTA” with all the money it needs to close a $2.6 billion gap in its massive five-year repair…
TEXAS: Per Ballotpedia.org, The Texas Sales and Use Tax Revenue for Transportation Amendment, Proposition 7 is on the November 3, 2015 ballot in Texas as a legislatively-referred constitutional amendment. The measure, upon voter approval, would provide additional funding for the State Highway Fund. The amendment would dedicate $2.5 billion of revenue from the sales and…
TEXAS -After two-years of wrangling over sales tax, in 2012, former comptroller Susan Combs reached an agreement with the on-line retailer over uncollected and un-remitted sales tax owed to the state. In 2010, Texas sent a demand letter for $269 million in sales taxes that the state argued should have been collected and remitted for…
