Illinois – Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January

Tax revenue from Illinois adult-use cannabis sales surpassed $10 million in January, according to a Chicago Tribune report. Illinois collects sales tax, as well as an additional cannabis tax, on adult-use sales, and January sales brought in more than $3.1 million in Continue reading Illinois – Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January

Multi State – New Sales Tax Collection Requirements for Marketplaces

New collection requirements for marketplaces are effective in Hawaii, Illinois, Michigan, and Wisconsin as of January 1, 2020, with marketplace facilitator laws now enforced in a whopping 39 states (including Washington, D.C.). At this time last year, only seven states required marketplace facilitators to collect and remit Continue reading Multi State – New Sales Tax Collection Requirements for Marketplaces

MULTI STATE – The Wayfair Decision: What Manufacturers Need to Know About Sales Tax

Many businesses, including manufacturers, that buy or sell products across state lines are affected by the U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair. In this decision, South Dakota’s “economic nexus” statute that requires certain out-of-state sellers to register Continue reading MULTI STATE – The Wayfair Decision: What Manufacturers Need to Know About Sales Tax

NEW YORK – Sales Tax Economic Nexus Update

Since the United States Supreme Court’s decision in South Dakota v. Wayfair, 585 U.S. ___ (2018), on June 21, 2018, state governments have been rapidly rewriting their rules to impose economic nexus (as opposed to physical presence) standards for sales and Continue reading NEW YORK – Sales Tax Economic Nexus Update

Multi-State – Remote Sellers and Marketplaces: Are You Ready to Collect Sales Tax on October 1, 2019?

New sales tax collection requirements for remote sellers and marketplace providers take effect October 1, 2019, in more than a dozen states — including Texas, the second most populous state in the nation. In fact, it’s getting hard to sell Continue reading Multi-State – Remote Sellers and Marketplaces: Are You Ready to Collect Sales Tax on October 1, 2019?

TEXAS – The Days Of Escaping Sales Taxes By Shopping Online Are Over In Texas And Most States

Avoiding sales taxes by shopping online is going to get a lot tougher next week. The Texas Legislature fixed a loophole in the last session that dates back to the days when interstate commerce by regular folks was not a Continue reading TEXAS – The Days Of Escaping Sales Taxes By Shopping Online Are Over In Texas And Most States

MULTI STATE – Meeting New Economic Nexus Tax Collection Obligation

As of last year, companies may be required to collect sales and use tax, even without physical nexus in a state, if it conducts a certain amount of business there.R Make sure you have a process in place to meet Continue reading MULTI STATE – Meeting New Economic Nexus Tax Collection Obligation

ARKANSAS – Alderman proposes 1/4% sales tax if other sales tax proposal fails

Alderman Bobby Long released a statement Tuesday, outlining his plans to help fund fire and police salaries if the ‘Team Jonesboro’ initiative fails. In the release, Long would propose an ordinance for a ¼% tax increase that would only address Continue reading ARKANSAS – Alderman proposes 1/4% sales tax if other sales tax proposal fails

Multistate – WAYFAIR & THE ECONOMIC NEXUS IMPACT ON ART DEALERS

A common misconception about the Wayfair ruling is that it only affects online sales or e-commerce businesses. Unfortunately, this is not the case. Any business that ships or performs services remotely into a state is subject to the new economic Continue reading Multistate – WAYFAIR & THE ECONOMIC NEXUS IMPACT ON ART DEALERS

South Carolina – Customers Now Are Paying Millions Of Dollars More To Shop Online

South Carolina – Customers Now Are Paying Millions Of Dollars More To Shop Online. 3,089 newly licensed businesses in the state. Continue reading South Carolina – Customers Now Are Paying Millions Of Dollars More To Shop Online