North Carolina – Sales And Use Tax Division Issues Form E-505 (9-17)

SALT Report 3944 – The Sales and Use Tax Division has issued Form E-505 (9-17). Form E-505 (9-17) provides an overview of sales and use tax and privilege tax changes primarily enacted by the 2017 NC General Assembly. The annual Tax Continue reading North Carolina – Sales And Use Tax Division Issues Form E-505 (9-17)

Arkansas – The “Arkansas Medical Marijuana Special Privilege Tax Of 2017” Goes Into Effect July 1, 2017

SALT Report 3902 – Arkansas Act 1098 levies a privilege tax on usable Medical Marijuana sold by a cultivation facility, dispensary, or other marijuana business.  Those businesses licensed by the Alcohol Beverage Control must collect and remit the special privilege Continue reading Arkansas – The “Arkansas Medical Marijuana Special Privilege Tax Of 2017” Goes Into Effect July 1, 2017

Illinois – Medical Cannabis Law Creates New Tax Obligations

SALT Report 2812 – On August 1, 2013, Illinois Governor Pat Quinn signed the Compassionate Use of Medical Cannabis Pilot Program Act into law. The Act imposes a surcharge on all income derived from a medical cannabis cultivation center, a Continue reading Illinois – Medical Cannabis Law Creates New Tax Obligations