New York – Bulk Sale Purchaser Liable for Seller’s Unpaid Tax

SALT Report 1854 – A New York Court ruled that the purchaser of a sandwich shop acquired in a bulk sale transaction was liable for a New York sales tax assessment that was imposed on the previous owner. In 2006, the Taxpayer contracted to purcha… Continue reading New York – Bulk Sale Purchaser Liable for Seller’s Unpaid Tax

Hawaii – Misplaced Tax Documents

SALT Report 1853 – The Hawaii Department of Taxation is advising taxpayers that a courier service lost a bag containing various tax documents. State tax documents that were mailed or delivered to the Kona and Hilo Offices may be affected. Kona Off… Continue reading Hawaii – Misplaced Tax Documents

California – Sales Tax Rate Could Increase in 2013

SALT Report 1852 – The California State Board of Equalization issued an update regarding Proposition 30. If passed, California’s current sales and use tax rate of 7.25% would be increased to 7.5%. The rate increase would go into effect on January … Continue reading California – Sales Tax Rate Could Increase in 2013

Colorado – Medical and Dental Supplies and Equipment

SALT Report 1851 – The Colorado Department of Revenue updated their sales and use tax FYI regarding exemptions for medical and dental supplies and equipment. Generally, certain drugs, medical equipment and supplies are exempt from state and stat… Continue reading Colorado – Medical and Dental Supplies and Equipment

Colorado – Sales Tax Exemption for Aircrafts and Aircraft Parts

SALT Report 1850 – The Colorado Department of Revenue updated their sales and use tax FYI regarding exemptions for aircrafts and aircraft parts. Generally, aircraft used for interstate commerce by a commercial airline and any parts permanently aff… Continue reading Colorado – Sales Tax Exemption for Aircrafts and Aircraft Parts