Multistate – Internet Tax Freedom Act (ITFA) Set To Expire Today (October 1, 2015)

SALT Report 3722 – The ITFA was first passed in 1998 and has been extended and revised along the way. The ITFA prohibits states from subjecting internet access charges to tax and is set to expire on October 1, 2015. Continue reading Multistate – Internet Tax Freedom Act (ITFA) Set To Expire Today (October 1, 2015)

Multistate – Former Fed Staffers See Less Than 50/50 Chance of Sept Liftoff

Mninews.marketplace.com by Karen Mracek “Four former Federal Reserve officials sounded less than optimistic Thursday about the chance of a rate hike in September, with former Fed Vice Chair Donald Kohn calling the odds less than 50/50.” … For further Information: Continue reading Multistate – Former Fed Staffers See Less Than 50/50 Chance of Sept Liftoff

Multistate – Global Systemically Important Banks (GSIB’s) Must Hold Additional Capital To Increase Resiliency In Light Of Threat It Poses To The Financial Stability To The United States

Salt Report 3682– On July 20, 2015, The Federal Reserve Board approved a final rule requiring the largest, U.S. bank holding companies to further strengthen their capital positions. Under the rule, a firm that is identified as a global systemically Continue reading Multistate – Global Systemically Important Banks (GSIB’s) Must Hold Additional Capital To Increase Resiliency In Light Of Threat It Poses To The Financial Stability To The United States

Multistate – Arizona, California, New Mexico, Nevada or Texas Tesla’s Gigaplant Location To Be Decided

SALT Report 3430 – Tesla and Panasonic are collaborating on a $5 billion manufacturing plant projecting 6,500 employees by 2020.  The deal is announced and the plans are in place – the location has yet to be determined.  Somewhere in the Continue reading Multistate – Arizona, California, New Mexico, Nevada or Texas Tesla’s Gigaplant Location To Be Decided

Multi-State-Permanent Internet Access Tax Ban Moves Forward In The House

SALT Report 3399 – On June 18, 2014, the House Judiciary Committee members voted 30-4 to move H.R. 3086, the Permanent Internet Tax Freedom Act  (PITFA) forward for consideration by the House of Representatives.   The PITFA would make the moratorium Continue reading Multi-State-Permanent Internet Access Tax Ban Moves Forward In The House

Multistate – Virtual Currency And Sales Tax

SALT Report 3329 – On April 8, 2014 congressman Steve Stockman introduced the “Virtual Currency Tax Reform Act”.  The IRS deemed virtual currencies (Bitcoin) as property requiring capital gains reporting.  This Act is intended to change the status of virtual Continue reading Multistate – Virtual Currency And Sales Tax

Multistate – 3D Printing Growth Projections (CNBC TechEdge Article)

SALT Report 3317 – As this technology continues to improve we will see more intriguing applications of 3D Printing with profound impact on consumers, retailers and manufacturers (the way we buy and sell).  An expected growth of 500% in the Continue reading Multistate – 3D Printing Growth Projections (CNBC TechEdge Article)

Multistate – Direct Marketing v. Colorado Petition for Certiorari Filed

SALT Report 3289 – The Direct Marketing Association filed a Petition for Certiorari on February 25, 2014 requesting that the United States Supreme Court weigh in on the constitutional issues related to Colorado’s notification law. A response is due by Continue reading Multistate – Direct Marketing v. Colorado Petition for Certiorari Filed

Texas – Resale and Exemption Certificates

SALT Report 3263 – Resale and exemption certificates are one of the most (if not the most) impacting errors found during sales and use tax audits.  As technology has progressed the expectation to produce timely, valid documentation has escalated.  Be Continue reading Texas – Resale and Exemption Certificates

Multistate – HR 25 “Fair Tax Act of 2013” Introduced January 3, 2013

SALT Report 3215 – Congressman Rob Woodall (GA) introduced HR 25 on January 3, 2013.  The purpose of the act: “To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, Continue reading Multistate – HR 25 “Fair Tax Act of 2013” Introduced January 3, 2013