California – Additional Registration And Collection Requirements For Out-Of-State Businesses Selling Certain Items In To CA

The following products have additional registration and collection requirements in California, Effective as of April 1, 2019. 1.New tires or motor vehicles and equipment that include new tires 2.Covered electronic devices 3.Lead-acid batteries 4.Lumber products or engineered wood products. April Continue reading California – Additional Registration And Collection Requirements For Out-Of-State Businesses Selling Certain Items In To CA

California – New use Tax Collection Requirements For Out Of State Retailers

“Based on Sales into California, Retailers will have new requirements for collecting sales tax from out of state retailers Effective April 1, 2019. If the retailer’s sales into California exceed $100,000, or, the retailer made sales into California in two Continue reading California – New use Tax Collection Requirements For Out Of State Retailers

New York – State Issues Advisory Opinion Regarding Independent Software Vendors Nexus In An Online Marketplace

Advisory Opinion TSB-A-19(1)S answers the Petitioner’s question whether, as a result of operating an online marketplace in which it facilitates taxable sales by independent software vendors (ISVs), it qualifies as a vendor for sales tax purposes and what the consequences Continue reading New York – State Issues Advisory Opinion Regarding Independent Software Vendors Nexus In An Online Marketplace

California – Cannabis Excise Tax Mark-up Rate Reaches 60 Percent

“The CDTFA is responsible for determining a mark-up rate on a biannual basis in six-month intervals. The mark-up rate must be used by distributors to compute the average market price of cannabis or cannabis products sold or transferred to a Continue reading California – Cannabis Excise Tax Mark-up Rate Reaches 60 Percent

California – Special Notice – New Emergency Regulation for Cannabis Distributors and Retailers Requires California Cannabis Track-and-Trace

The California Department of Tax and Fee Administration (CDTFA) recently adopted emergency Regulation 3702, California Cannabis Track-and-Trace, which requires distributors and retailers to enter the wholesale cost and the retail selling price of cannabis or cannabis products into the California Continue reading California – Special Notice – New Emergency Regulation for Cannabis Distributors and Retailers Requires California Cannabis Track-and-Trace

Texas – Bill Would Create OZ Tax Credit, Tax Refund

Texas state Rep. Travis Clardy introduced a bill in the state House of Representatives that would create a franchise tax credit and sales and use tax refund for certain businesses that invest in opportunity zones (OZs). H.B. 2397 would create a 25 Continue reading Texas – Bill Would Create OZ Tax Credit, Tax Refund