New Mexico – Manufacturing Deduction Expanded and Hold Harmless Gross Receipts Taxes Enacted

SALT Report 2353 – New Mexico has enacted legislation that creates both a municipal hold harmless gross receipts tax and a county hold harmless gross receipts tax. The Bill also amends the manufacturing gross receipts deduction to include consumables. Hold Continue reading New Mexico – Manufacturing Deduction Expanded and Hold Harmless Gross Receipts Taxes Enacted

Arizona – New Commercial Lease Exemption Enacted

SALT Report 2351 – The Arizona State Legislature passed a bill that provides a municipal transaction privilege tax (TPT) exemption for the leasing of real property between affiliated companies, businesses, persons, or reciprocal insurers. House Bill 2324 Provisions Excludes from Continue reading Arizona – New Commercial Lease Exemption Enacted

California – Free Tax Seminar for Nonprofit Organizations

SALT Report 2350 – The California State Board of Equalization is offering a free tax seminar for those who manage or who would like to start a nonprofit or exempt organization in the state. The tax seminar is designed to Continue reading California – Free Tax Seminar for Nonprofit Organizations