Texas Comptroller Glenn Hegar today revised the Certification Revenue Estimate (CRE) and now projects a fiscal 2021 ending shortfall of $4.58 billion. The shortfall, which Hegar attributed to the COVID-19 pandemic and recent volatility in oil prices, is a decrease from the $2.89 billion positive year-end balance originally projected in the October 2019 CRE. In…
Telecommunications services between locations in Texas are subject to state and local sales tax, whereas most interstate telecommunications services are only subject to state sales tax. Mobile telecommunications services are subject to state and local sales tax based on the place of primary use. “Telecommunications services” is broadly defined as electronic transmission or reception of…
On June 2, 2020, Governor Bill Lee announced the use of federal Coronavirus Relief Funds to assist Tennessee small businesses impacted by the COVID-19 crisis. Governor Lee has directed the Tennessee Department of Revenue to issue business relief payments through the Tennessee Business Relief Program to small businesses for costs incurred as a result of…
Texas: Beginning July 1, 2020, Texas will no longer impose sales tax on separately stated internet access charges due to the Internet Tax Freedom Act (ITFA) of 2016. Federal law included a grandfather clause for those state and local governments, including Texas, who imposed a tax on internet services prior to October 1, 1998. This…
Texas: When costs increase, many businesses impose additional charges on customer billings, receipts and invoices. Fees and surcharges charged by Texas businesses related to the COVID-19 pandemic are not governmental fees, but charges that businesses have chosen to pass along to recoup the higher costs of goods and services provided to their customers. For Texas…
Depending on the tax, Texas taxpayers may be required to electronically report (file) and/or pay based on the amount reported and paid in the preceding state fiscal year (September 1 to August 31). Filing/Reporting Due Dates Returns filed with Webfile must be submitted by 11:59 p.m. Central Time (CT) on the due date. Paper returns…
Texas Comptroller Glenn Hegar announces Memorial Day weekend that families and businesses can save on the purchase of certain water- and energy-efficient products during the state’s Water-Efficient Products and ENERGY STAR® sales tax holidays. The sales tax holiday is May 23-25, 2020. SOURCE About Davis Davis & Harmon LLC – Sales Tax Experts: Headquartered in Dallas, Texas,…
Maryland – The state of Maryland has passed legislation that would impose a tax on a specifies digital products and codes effective July 1, 2020 The bill, which passed both houses of the Maryland General Assembly last week, has been sent to the governor. Retail Sale Would Include Digital Products “Digital products” are delivered electronically…
March 18, 2020 – ADOR, Alabama, Department of Revenue waived late penalties for sales and use tax for certain small businesses affected by COVID -19. Businesses that earned less than $62,500 in retail sales for the previous calendar year may file their monthly sales tax returns for February, March, and April 2020 without paying the…
TEXAS – Governor, Greg Abbott, signed House Bill 1525 requiring Marketplace Facilitators to collect and remit tax on behalf of marketplace sellers starting October 1, 2019. The bill expands the state’s authority to collect sales tax and is expected to generate $850 million dollars in online sales tax. A Marketplace Facilitator is defined as a…
