Illinois – Aircraft and Watercraft Rolling Stock Exemption Enacted

SALT Report 2920 – The Illinois General Assembly passed a Bill that creates a rolling stock exemption for aircraft and watercraft that will be used as rolling stock.  In addition, the Bill makes amendments to the existing rolling stock exemption Continue reading Illinois – Aircraft and Watercraft Rolling Stock Exemption Enacted

Utah – Collection Allowance for Those Who Voluntary Collect Tax

SALT Report 2301 – The Utah State Legislature recently enacted legislation that will allow remote sellers who voluntarily collect sales and use taxes to retain 18% of the taxes that they would otherwise be required to remit to the State Continue reading Utah – Collection Allowance for Those Who Voluntary Collect Tax

South Dakota – Amended Collection Allowance Credit Provisions

SALT Report 2282 – South Dakota recently enacted legislation that amends and expands the state’s sales and use tax collection allowance credits. The amended language is as follows: Any person who holds a license and is required to file a return Continue reading South Dakota – Amended Collection Allowance Credit Provisions

Florida – New Law Affects Collection Allowances

SALT Report 1504 – The Florida Department of Revenue issued guidance regarding recent changes to tax laws that affect the collection allowance dealers may deduct on their sales and use tax returns. Effective July 1 2012, dealers may deduct a colle… Continue reading Florida – New Law Affects Collection Allowances