MULTISTATE: According to the 2017 COST State and Local Business Tax Burden Study, more than $724 billion was paid in state and local taxes signifying a .9% increase from the previous year. This growth is attributable to property and sales taxes paid by businesses. Businesses pay more in property and sales tax than any other…
TEXAS – Keene, Texas will be home to a new Louis Vuitton manufacturing facility. Louis Vuitton is a multi-billion dollar French company, part of the Paris-based LVMH Moët Hennessy Louis Vuitton SE conglomerate. Johnson County Commissioners Court has authorized a ten-year property tax abatement with 45 percent in the first year and 75 percent in…
September 7, 2017, Davis & Davis LLC came together with donors and community partners for a Champagne Toast and Happy Hour to celebrate the success of our 7th annual suit drive. Thank you to GS Wealth Management, YES Symposium, and Palter Stokely Sims for hosting two additional drop-off locations for this year’s suit drive. Special…
Texas – The new billion-dollar, climate controlled stadium will keep the Rangers in Arlington, at least through 2054. The city of Arlington will be responsible for half of the of the $1billon price-tag, and the Rangers will be responsible for the other half. Recently, the residents of the city of Arlington voted to approve the…
Texas– Suspensions for state and local hotel occupancy taxes for Hurricane Harvey victims and relief workers have now been extended through October 23, 2017. Previously, the suspension issued by Governor Abbot was applied from September 7 through September 22, 2017. To qualify, victims and relief workers must: Complete Form 12-302, Texas Hotel Occupancy Tax Exemption…
Texas– Effective September 1, 2017, Senate Bill 1095 amends Texas Tax Code Sections 111.009 and 111.105. The amendment will allow the filing deadline for a petition for redetermination of taxes from the Comptroller of Public Accounts from “30 days after the date that the service of notice of redetermination is completed” to “before the expiration…
Texas – Most businesses have websites or apps that can be used on your phone, which usually has options to purchase online, to contact the company to ask questions, or just to send messages. For the message to get to the service provider, it is uploaded to a cloud-based software. Effective May 30, 2017, these…
TEXAS – The Governor of Texas, by way of proclamation, has exempted evacuees and relief workers from state and local hotel taxes. Existing tax exemptions will become effective as the Governor designates areas of the state to be natural disaster areas. The Governor’s website will have specific information related to each declared natural disaster. Some…
Multistate – The Multistate Tax Commission and the National Nexus Program is offering a special limited-time voluntary disclosure initiative, in which the following states are participating: Alabama Arkansas Colorado Connecticut Florida Idaho Iowa Kansas Kentucky Louisiana Nebraska New Jersey Oklahoma South Dakota Texas Utah Vermont Wisconsin The states listed above will consider applications for voluntary…
Texas – Effective January 1, 2018, Senate Bill 1083 amends tax code to exempt from sales and use tax insurance services performed by certified public accounting firms if services are less than 1% of the firm’s previous year’s total revenue. Additionally, insurances services are exempt if a service is performed on behalf of a certified…
