South Carolina – Private Letter Ruling #20-4 Sales and Use Tax: Software Subscription Service Was Taxable

A Private Letter Ruling is an advisory opinion issued to a specific taxpayer by the Department to apply principles of law to a specific set of facts or a particular tax situation. Private Letter Ruling issued May 18, 2020: QUESTIONS Continue reading South Carolina – Private Letter Ruling #20-4 Sales and Use Tax: Software Subscription Service Was Taxable

New Jersey- Crippling Effects of COVID-19: NJ Faces $10B Revenue Shortfall

The Department of the Treasury delivered a budget update to the Legislature Friday, providing a detailed revenue report that illustrates the devastating impact COVID-19 has had on New Jersey’s finances and laying out plans to close the looming gap for Continue reading New Jersey- Crippling Effects of COVID-19: NJ Faces $10B Revenue Shortfall

Wisconsin- Opponents Appeal Circuit Court Ruling Upholding Brown County’s 0.5% Sales Tax

The Brown County Taxpayers Associated has appealed a circuit court ruling that the Brown County’s sales tax complies with state law. Wisconsin Institute for Law & Liberty, based in Milwaukee, filed the appeal Wednesday on behalf of the taxpayers association Continue reading Wisconsin- Opponents Appeal Circuit Court Ruling Upholding Brown County’s 0.5% Sales Tax

Washington- Retailers and Consumers of Feminine Hygiene Products

Effective July 1, 2020, sales and use tax do not apply to sales of feminine hygiene products. Sellers may claim a Feminine Hygiene Products deduction from retail sales tax for qualifying feminine hygiene products. There is no corresponding deduction under Continue reading Washington- Retailers and Consumers of Feminine Hygiene Products

New York- Sales Tax Legislation – the Bane of the Art Market?

It’s another taxing lesson in Sales Tax – Christie’s’ recent $16.7 million settlement to avoid prosecution for sales tax evasion has demonstrated once again that sales tax compliance continues to be the bane of the art market. Since 2003, the Continue reading New York- Sales Tax Legislation – the Bane of the Art Market?

Illinois – Extension of the Expiration Date of Certain Illinois Sales Tax Exemption (“E”) Numbers Due to COVID-19 Virus Outbreak

Special Informational bulletin addressed to all organizations and individuals with Illinois Sales Tax Exemption (“E”) numbers that are currently pending renewal: Due to staffing issues related to the ongoing COVID-19 virus pandemic the Illinois Department of Revenue is unable to Continue reading Illinois – Extension of the Expiration Date of Certain Illinois Sales Tax Exemption (“E”) Numbers Due to COVID-19 Virus Outbreak

Multi-State – Congress Could Reverse IRS Denial of Tax Deductions For Paycheck Protection Expenses May 2, 2020.

On April 30, the IRS ruled out tax deductions for wages and rent paid with forgivable PPP loans. The IRS views it as a double dip. However, some Senators and Congressmen are pushing back, saying that expenses funded with small business Continue reading Multi-State – Congress Could Reverse IRS Denial of Tax Deductions For Paycheck Protection Expenses May 2, 2020.

Maine- Governor Provides Municipalities With Increased Flexibility In Setting Due Dates and Interest Rates For Local Property Taxes

Governor Janet Mills recently signed an Executive Order that will provide municipalities with additional options in their administration of local property tax in response to the COVID-19 emergency. The Executive Order allows municipal officers to extend and reestablish property tax Continue reading Maine- Governor Provides Municipalities With Increased Flexibility In Setting Due Dates and Interest Rates For Local Property Taxes

Multi-State- To What Extent Does Your State Rely on Sales Taxes?

Sales taxes are the second largest source of state and local tax revenue, accounting for 23.6 percent of total U.S. state and local tax collections in fiscal year 2017. While 45 states levy a statewide sales tax and 38 allow Continue reading Multi-State- To What Extent Does Your State Rely on Sales Taxes?

Alabama – Falling Tax Revenue Looms for State, Counties, Cities

With most restaurants, hotels and retail businesses either shut down or seeing little customer traffic, government officials expect a sharp decrease April 20 when they receive March sales and lodging taxes. The notable exceptions are sales taxes from grocery stores Continue reading Alabama – Falling Tax Revenue Looms for State, Counties, Cities