Washington – Department Withdraws Determination on Gift Baskets

SALT Report 1827 – The Washington Department of Revenue issued an excise tax advisory regarding the state’s withdrawal of Tax Determination #92-231, 12 WTD 233. The Taxpayer in Determination #92-231 created gift baskets that contained a variety of… Continue reading Washington – Department Withdraws Determination on Gift Baskets

Indiana – Resale Exemption Applied to Gift Certificates

SALT Report 1826 – The Indiana Department of Revenue issued a letter of finding regarding a Taxpayer’s purchases of gift certificates. During an audit, it was discovered that the Taxpayer had not paid sales tax on its purchases of the gift cer… Continue reading Indiana – Resale Exemption Applied to Gift Certificates

New Mexico – Guidance for Exempt Organizations

SALT Report 1825 – The New Mexico Taxation and Revenue Department updated their FYI regarding exempt organizations. Generally, any organization doing business in New Mexico is required to register with the Department. However, depending on the nat… Continue reading New Mexico – Guidance for Exempt Organizations

New York – Exempt Sales and Uses of Alcoholic Beverages

SALT Report 1824 – The New York Department of Taxation and Finance issued a tax bulletin regarding exempt sales and uses of alcoholic beverages. Generally, you are responsible for paying tax on beer, malt beverages, cider, wine, liquor, and all di… Continue reading New York – Exempt Sales and Uses of Alcoholic Beverages

Michigan – Lease of Aircraft to Related Entity Not a Taxable Use

SALT Report 1823 – The Michigan Court of Appeals issued a ruling regarding a Taxpayer’s purchase and subsequent lease of an aircraft to a related entity. In this case, the Taxpayer purchased the aircraft and ceded total control to the lessee who w… Continue reading Michigan – Lease of Aircraft to Related Entity Not a Taxable Use

Kentucky – Retailer Not Entitled to Bad Debt Deduction

SALT Report 1822 – The Kentucky Board of Tax Appeals ruled that a Taxpayer, who operates a chain of home improvement stores across the United States, was not entitled to write off bad debts it incurred as a result of defaulted private label credit… Continue reading Kentucky – Retailer Not Entitled to Bad Debt Deduction