State and local tax news brought to you by Zaldivar and Associates
Michigan’s medical marijuana market is growing beyond expectations, generating more than $42 million in sales since the first dispensary opened on Nov. 1. In the first month of operation, when only a few licensed dispensaries were open, $7.1 million in Continue reading MICHIGAN- After 4 months, medical marijuana sales in Michigan exceed $42 million
Officials confirmed Wednesday that there would be no increase to the local sales tax rates in Santa Clarita this year. While residents of many cities and several counties across California were recently informed of an upcoming increase to their local Continue reading CALIFORNIA – No Sales Tax Increase In Santa Clarita For 2019
TALLAHASSEE — Florida House Democrats on Wednesday released an alternate budget plan, with plans that include $1.8 billion in additional revenues received through closing tax loopholes and taxing online sales. The “New Sunshine Deal” would use about $524 million of Continue reading FLORIDA- House Democrats unveil alternate budget, with tax increases, rebates
The idea for state-run pot shops comes from a trio of GOP state senators who broke with local Republican Party orthodoxy to embrace legal marijuana with a decidedly big-government approach that would have the state directly oversee most sales — Continue reading NEW MEXICO – Mulls State-Run Pot Shops, Subsidized Medical Use
According to The American Society Of Travel Advisors Sate governments Such As Connecticut, Nebraska, And Utah have proposed that sales tax be collected from Travel Agency Services. ASTA.Org Travelpulse.com
The Senate voted Wednesday to confirm California attorney Michael J. Desmond as chief counsel for the Internal Revenue Service. Accounting Today
The following products have additional registration and collection requirements in California, Effective as of April 1, 2019. 1.New tires or motor vehicles and equipment that include new tires 2.Covered electronic devices 3.Lead-acid batteries 4.Lumber products or engineered wood products. April Continue reading California – Additional Registration And Collection Requirements For Out-Of-State Businesses Selling Certain Items In To CA
“Based on Sales into California, Retailers will have new requirements for collecting sales tax from out of state retailers Effective April 1, 2019. If the retailer’s sales into California exceed $100,000, or, the retailer made sales into California in two Continue reading California – New use Tax Collection Requirements For Out Of State Retailers
Advisory Opinion TSB-A-19(1)S answers the Petitioner’s question whether, as a result of operating an online marketplace in which it facilitates taxable sales by independent software vendors (ISVs), it qualifies as a vendor for sales tax purposes and what the consequences Continue reading New York – State Issues Advisory Opinion Regarding Independent Software Vendors Nexus In An Online Marketplace
“The CDTFA is responsible for determining a mark-up rate on a biannual basis in six-month intervals. The mark-up rate must be used by distributors to compute the average market price of cannabis or cannabis products sold or transferred to a Continue reading California – Cannabis Excise Tax Mark-up Rate Reaches 60 Percent