Nebraska – Plan Would Lower Sales Tax Rate, Eliminate Exemptions On Services

Sen. Tom Briese of Albion on Wednesday urged the Legislature’s Revenue Committee to consider a tax policy trade-off that would eliminate Nebraska’s dozens of sales tax exemptions on services in exchange for a lower sales tax rate. That would update Continue reading Nebraska – Plan Would Lower Sales Tax Rate, Eliminate Exemptions On Services

California – CDTFA Reports Cannabis Tax Revenues of $172.7 million for the Fourth Quarter of 2019

Sacramento – The California Department of Tax and Fee Administration (CDTFA) reported revenue numbers today for cannabis sales for the 4th quarter of 2019. As of February 18, 2020, California’s cannabis excise tax generated $84.4 million in revenue reported on the Continue reading California – CDTFA Reports Cannabis Tax Revenues of $172.7 million for the Fourth Quarter of 2019

Illinois – Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January

Tax revenue from Illinois adult-use cannabis sales surpassed $10 million in January, according to a Chicago Tribune report. Illinois collects sales tax, as well as an additional cannabis tax, on adult-use sales, and January sales brought in more than $3.1 million in Continue reading Illinois – Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January