Maryland – New Sales & Use Tax Exemptions Effective Summer 2022 Diabetic Care Items Exempt Diabetic care items are exempt from Maryland sales and use tax effective July 1, 2022. The following items will be exempt: insulin; glucose tablets, drinks, and gels; blood and urine ketone meters and supplies; insulin pumps, infusion sets, pump reservoirs…
Manufacturers, wholesalers, and distributors believe they have nominal sales tax obligations due to the probability of sales tax-exempt transactions. This is not always correct. Businesses can be manufacturers and distributors, as wholesalers and distributors are often used interchangeably. The theory to consider is whether the sales by these types of businesses are exempt or not…
AR: Arkansas taxpayers’ protest against the sales tax assessment on their purchase of a vehicle was denied for failure to prove entitlement to the motor vehicle exemption for disabled veterans. The taxpayers claimed an exemption from the payment of sales tax for their purchase of the vehicle available to disabled veterans who have received financial…
In our last blog we discussed the rules regarding tax exempt purchases by and to tax exempt organizations. When it come to collecting sales tax, tax exempt organizations are required to collect and remit sales tax for all taxable items sold. A sales tax exemption is for purchases and does not cover sales. As with…
TEXAS: Navigating through the tax-exempt organization landscape can be confusing and daunting. Over the next few blogs we will look at different aspects of the tax-exempt scenario. This segment will focus on purchases and sales by tax exempt organizations. Tax-Exempt Purchases: Organizations that have been granted tax exemption will receive a letter of sales tax…
TEXAS: Over the next few blogs we will take look at Sales to and Purchases by Tax-Exempt Organizations. For an organization to be granted exemption from paying state sales taxes, there are criteria that must be met. The parent organization must recognize the organization as a subordinate under the group exemption. The group exemption meets…
