Texas- Expected to lose ‘billions’ in sales tax revenue because of coronavirus pandemic

The full financial impact of the pandemic won’t be known until the summer, but Texas lawmakers are already bracing for the impact. State Comptroller Glenn Hegar said he expects to revise the state’s revenue estimates in July. With so many Continue reading Texas- Expected to lose ‘billions’ in sales tax revenue because of coronavirus pandemic

Maine- Maine Revenue Services (“MRS”) Reminder: Sales Tax and Withholding Tax Deadlines Remain Unchanged

As recently announced in Tax Alerts by MRS, the deadlines for filing and paying Maine sales tax and state withholding tax are unchanged.  This is because, unlike income tax, sales tax and state withholding tax are “trust fund” taxes held Continue reading Maine- Maine Revenue Services (“MRS”) Reminder: Sales Tax and Withholding Tax Deadlines Remain Unchanged

California – Costa Mesa Approves Ordinance Lowering Business Tax on Legal Marijuana

Costa Mesa has approved an ordinance that will reduce a business tax on all legal marijuana operations established in a city measure approved by voters in 2016. The City Council voted 4-2 in mid-March to give final approval to the Continue reading California – Costa Mesa Approves Ordinance Lowering Business Tax on Legal Marijuana