State and local tax news brought to you by Zaldivar and Associates
“The Department of Revenue reported Wednesday that the state collected $280 million in net revenue in July, which is nearly 8 percent above the state’s certified forecast of $260 million. The state projections were set by the Nebraska Economic Forecasting Continue reading Nebraska – Fiscal Year Begins With More Revenue Than Expected
A new state law requires certain out-of-state retailers to collect Idaho sales tax on their sales to Idaho customers. The Tax Commission has contacted 500 out-of-state retailers about compliance with Idaho’s new law. More Information Information For Out Of State Continue reading Idaho – Out Of State Retailers Required To Collect Idaho Sales Tax
The state, in the wake of the South Dakota v. Wayfair U.S. Supreme Court decision, has set a self-imposed Jan. 1 deadline to have the necessary software in place for remote sellers to begin collecting and remitting Louisiana state sales taxes Louisiana, Continue reading Louisiana – To Ramp Up Online Sales Tax Collections Following Wayfair Ruling
The proposal from Gov. Jerry Brown’s (D) administration, obtained by Bloomberg Tax, would include a $500,000 economic nexus threshold—one of the highest a state has proposed so far—in addition to language requiring marketplace facilitators to collect and remit. Learn more here – Continue reading California – Proposed Bill A2A Sets Economic Nexus Threshold At $500,000
The N.C. Department of Revenue said “it will enforce an existing law regarding remote sales and require remote sellers to collect and remit the applicable sales and use taxes.” by November 1, 2018. “The Department will apply the Court’s ruling in the Continue reading North Carolina – Set To Enforce Prospective Online Sales Taxes November 1, 2018
The response says – “Currently Wyoming is not requiring remote sellers to license with the state to collect and remit sales tax. However businesses wishing to voluntarily license in Wyoming may begin that process any time. Once we have a Continue reading Wyoming – South Dakota V. Wayfair Response August 7, 2018
A recent apparent sales tax registration scam has imposed itself upon Michigan taxpayers (and 42 other states). An online company is reaching out to taxpayers claiming to be able to register your business in Michigan, only for a small fee and Continue reading Michigan – Sales Tax Application Scam
“Distributed ledger technology” means any distributed ledger protocol and supporting infrastructure, including blockchain, that uses a distributed, decentralized, shared, and replicated ledger, whether it be public or private, permissioned or permissionless, and which may include the use of electronic currencies Continue reading Tennessee – Senate Bill 1662 Smart Contracts And Blockchain
Sales or purchases of clothing or footwear costing less than $100 per item are not subject to Connecticut sales and use taxes during the exclusion week. Learn More Here – Information About Connecticut Tax Exempt Weekend
Large online retailers will have to start paying sales tax to North Carolina even if they aren’t located here, Gov. Roy Cooper’s administration announced Wednesday. North Carolina – South Dakota v. Wayfair Response