Multi-State – Sales And Use Taxes Drove Biggest State Tax Shifts In 2018

Sales and use tax accounted for the largest net tax change at the state level in 2018, with an increase of $847.1 million, according to a recent report from the National Conference of State Legislatures.

“States faced an abnormal set of federal changes that resulted in an uptick in activity” during the year, the report noted, including the Tax Cuts and Jobs Act and the legalization of sports gambling, as well as the Supreme Court’s Wayfair decision’s greenlighting states’ expanding their tax bases to include remote sales.

For The Full Story:

accounting today
by jeff stimpson
january 28, 2019