Texas – When an individual in Texas purchases a gun from out of state, the out-of-state seller must ship the gun to a Texas dealer for transfer to the individual. The Texas dealer will charge the purchaser a transfer fee covering the costs of paperwork and handling. The transfer fee is not taxable because the…
Texas – Labor involved in the repair, remodeling, maintenance or restoration of tangible personal property is not taxable if repair, remodeling, maintence or restoration is required by statute, ordinance, order, ruler or regulation of any commission, agency, court; or political governmental or quasi-governmental entity in order to protect the environment or to conserve energy. Medical…
Texas – State sales tax revenue was up 9.5% compared to January 2011 announced Susan Combs, Texas Comptroller. “Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 22 consecutive months. The recent monthly increase was led by the oil and natural gas-related sectors. Restaurant and services…
Tennessee – According to the Tax Foundation, Tennessee has the highest combined state and local sales tax rate of any state. The relatively high sales rate puts retailers in border towns at a competitive disadvantage and disproportionately hurts the poor who spend more of their income on purchases. Supporters of the tax system insist it…
California – More than 20,600 retail businesses in 22 different zip codes will be receiving letters notifying them of upcoming visits by Board of Equalization specialists. Here is a list of zip codes where the businesses receiving letters are located. • 90603, Whittier • 91344, Granada Hills • 91316, Encino • 91765, Diamond Bar •…
Wyoming – A new law took effect on January 1, allowing businesses collecting sales tax to keep up to 1.95% of that tax each month. Businesses must file by the 15th of each month to qualify for the money. The Department of Revenue has sent information to those businesses collecting sales and use tax that…
Nationwide – This Valentine’s Day, consumers are set to spoil their loved ones in a big way. The average person celebrating the holiday will spend $126.03, up 8.5 percent from last years and the highest in a 10-year history, according to the National Retail Federation’s 2012 Valentine’s Day Consumer Intentions and Actions survey. NRF President…
Maryland – On Monday, Governor Martin O’Malley wants to raise the state’s gasoline tax by applying Maryland’s 6% sales tax to each gallon of gasoline. His plan has a 2% per year phase-in of the tax at the wholesale level. The sales tax would rise or fall with gasoline prices. O’Malley plans to send a…
Colorado – You can now register online at https://www.colorado.gov/apps/jboss/cbe/ for a sales tax or withholding account license. Your state tax license and account number will be issued immediately and you can pay necessary fees without having to stand in line. zp8497586rq
Colorado – Taxpayers who took advantage of the tax amnesty this past fall should have paid in full on or before December 31, 2011. If you didn’t, you will be getting a bill in the mail that includes the full amount of penalty and interest. zp8497586rq
