Utah – Taxable and Nontaxable Items in Same Transaction

SALT Report 1467 – Utah recently enacted legislation that addresses the taxability of separately stated items in sales, lease and rental transactions. SB 27 provides that if a transaction consists of a sale, lease or rental of tangible personal pr… Continue reading Utah – Taxable and Nontaxable Items in Same Transaction

Utah – Taxability of Payments by Specie Legal Tender

SALT Report 1466 – Utah recently enacted legislation that amends certain sales and use tax provisions related to currency. Under HB 157 “specie legal tender” which is defined as gold or silver coins issued by the United States, Congress, or a cour… Continue reading Utah – Taxability of Payments by Specie Legal Tender

Florida – Economic Development Bill Provides New Exemptions

SALT Report 1465 – The Florida Senate passed an economic development bill that amends certain sales and use taxes. The bill also creates new sales and use tax exemptions, new enterprise zones, and a sales tax holiday. Amended Exemptions The curren… Continue reading Florida – Economic Development Bill Provides New Exemptions

Utah – Penalty Waiver for Reasonable Cause

SALT Report 1464 – The Utah State Tax Commission has updated its publication regarding the waiver or reduction of penalties and interest for reasonable cause. Under Utah Code 59-1-401(13) and Tax Commission Rule R861-1A-42 a taxpayer may request … Continue reading Utah – Penalty Waiver for Reasonable Cause