North Carolina – As Coronavirus Keeps People Home, North Carolina Gas and Sales Tax Revenues Plummet

The N.C. Department of Transportation will lose more than a third of its expected revenue over the next three months because of the coronavirus outbreak, according to Bobby Lewis, the department’s chief operating officer. Lewis told the Board of Transportation Continue reading North Carolina – As Coronavirus Keeps People Home, North Carolina Gas and Sales Tax Revenues Plummet

NORTH CAROLINA – Why The North Carolina Digital PropertyTax Matters

In North Carolina, for example, the State Legislature recently made several clarifying changes to its sales and use tax law that are worth noting. North Carolina’s Senate Bill 253 removes the phrase “would be taxable … if sold in a Continue reading NORTH CAROLINA – Why The North Carolina Digital PropertyTax Matters

North Carolina – State To Tax Certain Digital Property Starting in October 2019

In the last decade, buying habits have shifted dramatically to keep pace with new technologies. Though sales of printed books are experiencing a resurgence, electronic books have a solid market share; sales of streamed music now dwarf digital and vinyl Continue reading North Carolina – State To Tax Certain Digital Property Starting in October 2019

North Carolina – City Officially Supports Sales Tax Proposal For Schools

The Goldsboro City Council expresses its support for the proposed sales tax increase that would benefit Wayne County schools.  Tuesday, the city council unanimously approved a resolution supporting the one-quarter-of-one-cent sales and use tax referendum that will be on the Continue reading North Carolina – City Officially Supports Sales Tax Proposal For Schools

Multistate – Wayfair Economic Nexus (ENexus) Anniversary Thresholds as of June 21, 2019

June 21, 2019 – One year since Wayfair – Anniversary Update. On this one year anniversary of the landmark decision virtually all states have responded with their enforcement intentions. The tax imposition is now retroactive. A Wayfair Process Review is Continue reading Multistate – Wayfair Economic Nexus (ENexus) Anniversary Thresholds as of June 21, 2019

Quantum Sales Tax

United States – Memorial Day May 27, 2019

ENexus Thresholds February 21, 2019

ENexus Thresholds As Of February 21, 2019 Ref No. State Enforcement Date Dollars of Sales Number of Sales ENexus Threshold 1 TN 1/1/2017 $500,000 0 500/0 2 RI 8/1/2017 $100,000 200 100/200 3 MA 10/1/2017 $500,000 100 500/100 4 OH Continue reading ENexus Thresholds February 21, 2019

North Carolina – Important Notice: Additional 0.25% Local Sales And Use Tax Effective April 1, 2019

The Sales and Use Tax Division has published Important Notice: Additional 0.25% Local Sales and Use Tax (January 25, 2019).  Graham, Moore, Stanly, and Swain Counties have adopted resolutions to levy an additional 0.255 local sales and use tax effective Continue reading North Carolina – Important Notice: Additional 0.25% Local Sales And Use Tax Effective April 1, 2019

North Carolina – Interest Rates Have been Posted For The Period of January 1, 2019 through June 30, 2019

On or before June 1 and December 1 of each year, the Secretary of Revenue establishes the interest rate to be in effect during the six-month period beginning on the next succeeding July 1 and January 1, respectively. The rate Continue reading North Carolina – Interest Rates Have been Posted For The Period of January 1, 2019 through June 30, 2019