Minimum Purchase Threshold Removed: Effective Oct. 1, 2013, there will be no minimum purchase threshold requirement for exemption on the sale of gold, silver or numismatic coins or of platinum, gold or silver bullion thanks to House Bill 78. Before, only sales of $1,000 or more to a purchaser in a single transaction qualified for…
TEXAS – Effective January 1, 2014, House bill 3572 will lower the mixed beverage gross receipts tax rate from 14% to 6.7%. It also imposes an 8.25% mixed beverage sales tax. A mixed beverage permittee will collect an 8.25% tax on each mixed beverage whether it’s sold, prepared or served. The new sales tax will…
TEXAS – Effective September 1, 2013, Senate Bill 905 authorizes the holder of a distiller’s and rectifier’s permit to sell distilled spirits to customers for on and off premises consumption. Distilled spirits sales for off-premises consumption will be subject to sales tax. Distilled spirits sales at the distillery will be subject to mixed beverage tax….
TEXAS – Snack foods will be exempt from sales tax, starting Sep. 1, 2013, unless sold through a vending machine or in individual-sized portions. If sold through vending machine or individual-sized portions, they will be taxable, no matter where they are sold. Snack foods included are: Breakfast bars, granola bars, nutrition bars, protein bars, sports…
TEXAS – Prepare yourself, this year the sales tax holiday will run from August 9 – 11. During the mentioned weekend, shoppers can purchase qualifying products priced under $100 tax free, whether it’s in-store, online, telephone or mail. You will also be able to put items in law-away to take advantage of the exemption. Here…
OKLAHOMA – The state’s annual sales tax holiday will take place August 2 – 4, 2013. Qualifying items can be purchased free of sales tax. These items have to cost less than $100 each. If it’s greater than $100, items will be taxable. Here is a list of some of the items that the Oklahoma…
ALL STATES – Sales tax holidays are just around the corner for 17 states. Each state has its own rules about what is exempt. During the designated days, clothing, computers and school supplies can be purchased tax-free. Here is a list of states and dates of when they will have their sales-tax holiday and links…
TEXAS – Effective September 1, 2013, Senate Bill 1151 will simplify sales tax collection for convenience stores and other businesses where individual-size servings of snacks are sold. Individual-size packages are labeled as one serving or less than 2.05 ounces (if package does not state servings.) Items being taxed are: • Chips • Breakfast, granola, nutrition,…
The 2013 Energy Star sales tax holiday will run from Saturday, May 25 – Monday, May 27th. Qualifying products will display the Energy Star logo. Qualifying products are: • Air conditioners priced at $6,000 or less • Refrigerators priced at $2,000 or less • Ceiling fans • Incandescent and fluorescent light bulbs • Clothes washers…
State sales tax revenue for the month of March, was up 5.5 percent compared to March 2012. According to Comptroller Susan Combs, “sales tax revenue growth was seen in both the business and consumer sectors of the economy. Collections grew in sectors such as manufacturing and retail trade. Sales tax revenue has now increased for…
