Illinois – Taxability of Protein Bars and Drinks

SALT Report 3009 – The Illinois General Assembly issued a general information letter regarding the application of sales tax to diet protein bars and beverages.  The Taxpayer operates a weight loss program and diet food business.  As part of its Continue reading Illinois – Taxability of Protein Bars and Drinks

Texas – Amended Criminal Offenses and Penalties Rule

SALT Report 3008 – The Texas Comptroller has amended the sales and use tax rule regarding criminal offenses and penalties to include provisions regarding resale and exemption certificates. The updated rule provides that the following activities are considered criminal offenses: Continue reading Texas – Amended Criminal Offenses and Penalties Rule

Arkansas – Special Event Promoter’s Tax Responsibilities

SALT Report 3007 – The Arkansas Department of Finance and Administration issued a notice for promoters and organizers of special events to remind them that they are required to register with the Department to collect and remit state and local Continue reading Arkansas – Special Event Promoter’s Tax Responsibilities

Georgia – Sales Tax Holiday for Energy and Water Efficient Products

SALT Report 3006 – The Georgia Department of Revenue released a fact sheet that discusses the sales tax holiday that is scheduled for October 4-6, 2013. During this three-day period non-commercial purchases of certain energy and water efficient items may Continue reading Georgia – Sales Tax Holiday for Energy and Water Efficient Products

Nevada – Government Exemptions

SALT Report 3005 – The Nevada Department of Taxation issued guidance regarding the exemption from sales and use tax for governmental agencies pursuant to NRS 372.325.  Under that statute, sales and purchases of tangible personal property to the following groups Continue reading Nevada – Government Exemptions

Nevada – Bad Debt Deduction

SALT Report 3004 – In the latest edition of Nevada Tax Notes, the Department of Taxation addressed legislation that allows non-retail businesses that are affiliated with a retailer to claim a bad debt deduction on contracts in which sales tax Continue reading Nevada – Bad Debt Deduction

ZSA Special Report – MFA – 7 Principles on Remote Sales Tax

From the Desk of Michael Zaldivar, CPA, CMI ~ On September 18, 2013, House Judiciary Committee Chairman, Representative Bob Goodlatte (R-VA), set forth 7 basic principles intended to “guide discussion on this issue and spark creative solutions”.  As the Marketplace Continue reading ZSA Special Report – MFA – 7 Principles on Remote Sales Tax

ZSA Special Report – California Enterprise Zone – Deadline 12/31/13

From the Desk of Michael Zaldivar, CPA, CMI ~ Due to recent legislation, the 42 California Enterprise Zones (Old or current EZ) will be repealed as of December 31, 2013.  The replacement tax incentives known as the New Enterprise Zone Continue reading ZSA Special Report – California Enterprise Zone – Deadline 12/31/13