Illinois – Updated Reporting Requirements For Business Incentives (March 2014)

SALT Report 3326 – The Illinois Department of Revenue released Informational Bulletin 2014-11 addressing the reporting requirements for businesses. ” Public Act 98-0109 made changes to the business incentives reporting requirements. Holders of sales tax exemption certificates from IDOR issued Continue reading Illinois – Updated Reporting Requirements For Business Incentives (March 2014)

New York – Sales Tax Resale Exclusion To Purchases Of Equipment By Cable And Satellite Television Service Providers

SALT Report 3325 – The New York Department of Taxation released TSB-M-(3)S to clarify that rental boxes provided by a cable company could be purchased for resale.  The terms of the documented rental agreement satisfied the criteria necessary to be Continue reading New York – Sales Tax Resale Exclusion To Purchases Of Equipment By Cable And Satellite Television Service Providers

New York – Sales Tax Reporting and Recordkeeping Requirements for Industrial Development Agencies and Authorities

SALT Report 3324 – TSB-M-14(1.1)S February 12, 2014 sets forth the revised rules regarding recordkeeping requirements for Industrial Development Agencies (IDA). “Previously, TSB-M-87(7)S, Tax Status of IDA Projects, instructed agents to provide suppliers with a copy of a letter from Continue reading New York – Sales Tax Reporting and Recordkeeping Requirements for Industrial Development Agencies and Authorities