State and local tax news brought to you by Zaldivar and Associates
Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.41 billion in October, 25.2 percent more than in October 2020. The majority of October sales tax revenue is based on sales made in September and remitted to the agency Continue reading Texas Sales Tax Revenue Totaled $3.4 Billion in October
Sales and use tax receipts are up 17% from January-September of this year compared with the same period pre-pandemic in 2019. It could be that people are shopping more, albeit in different ways. Or it may be that retailers that Continue reading Illinois Online Sales Tax Law Hits as Online Shopping Surges
SWEET HARMONY IS NEEDED.
On Wednesday, April 30, 2020 President Trump delivered an address covering multiple topics including individual state reactions to bail out needs.. After recognizing California, New York, Illinois, Florida and Texas President Trump concluded with the following comments about South Dakota Continue reading Multistate – Trump Recognizes South Dakota Sales Tax System “…think of that.”
The state is allocating $50 million to the California Infrastructure and Economic Development Bank for loan guarantees to small businesses to help eliminate barriers to capital for individuals who do not qualify for federal funds, including low wealth and undocumented Continue reading California – Governor Newsom Allows Small Businesses To Defer Payment Of Sales And Use Tax Of Up To $50,000 For Up To 12 Months
https://docs.legis.wisconsin.gov/code/register/2020/770A1/register/ss/ss_003_20/ss_003_20 Upcoming Preliminary Public Hearing on a Permanent Scope Statement for SS 003-20 The Department of Revenue is holding a public hearing on Wednesday, March 4. The hearing will take place at 2:00 p.m. to consider a permanent scope statement relating to Continue reading Wisconsin – Hearing Scheduled For March 4, 2020 Credit For Tax Paid To Another State
June 21, 2018, Wayfair v South Dakota was announced by the US Supreme Court overruling the longstanding Quill v North Dakota (1992). The broad sweeping implications of this ruling was felt by taxpayers, practitioners and tax collection agencies alike during Continue reading Multistate 2019 Sales Tax Systems Review
Sales tax began in 1933 Use tax began in 1935 at a state rate of 6.25% broken down in 4 part harmony as follows: $25.8 billion collected in 2017/18 at a rate of 3.9375% General Fund and 0.25% Education Protection Continue reading California – Taxes and Fees Adminstered by the CDTFA FY 2017-18
“Created in 1879 by a constitutional amendment, the California State Board of Equalization (BOE) was initially responsible for ensuring that county property tax assessment practices were equal and uniform throughout California. The BOE began to levy four new taxes, including Continue reading California – BOE 2018 Annual Report Explaining When The BOE Was Replaced By CDTFA and OTA