Louisiana – Notification Requirement Set To Begin July 1, 2017

SALT Report 3898 – House Bill 1121, which is set to begin July 1, 2017, applies to remote retailers with annual cumulative gross receipts in Louisiana that exceed $50,000. On June 17, 2016, legislation was signed by Louisiana Governor John Bel Edwards establishing notification and Continue reading Louisiana – Notification Requirement Set To Begin July 1, 2017

Colorado – Notification Requirement Set To Begin July 1, 2017

SALT Report 3896 – Notification enforcement for out of state retailers selling more than $100,000 a year to Colorado customers is set to begin July 1, 2017. In 2010, the General Assembly passed House Bill 10-1193 (Notification Rule) requiring out of state retailers Continue reading Colorado – Notification Requirement Set To Begin July 1, 2017

California – Used Car Dealer Records and Reporting Requirements

SALT Report 3790 – As a used car dealer selling, leasing, or using personal property in California, you are required to keep adequate records. In general, you must keep all required records to support your vehicle sales and the amount Continue reading California – Used Car Dealer Records and Reporting Requirements

Colorado – Injunction Regarding Reporting Requirements for Out-of-State Retailers Lifted

SALT Report 2900 – On August 20, 2013 the U.S. District Court of Appeals-10th Circuit ruled that a lower federal court overstepped its jurisdiction last year when it declared as unconstitutional, and issued a permanent injunction against, the enforcement of a Continue reading Colorado – Injunction Regarding Reporting Requirements for Out-of-State Retailers Lifted

Illinois – Credit Reporting Requirements Enacted

SALT Report 2886 – Illinois recently enacted legislation that imposes an annual reporting requirement on any Illinois taxpayer that receives corporate income tax credits, personal income tax credits, sales tax exemptions, or a property tax abatement under the Economic Development Continue reading Illinois – Credit Reporting Requirements Enacted

Texas – Calculating and Reporting Tax for Sellers Operating on the Cash Basis of Accounting

SALT Report 2460 – The Texas Comptroller issued guidance regarding how to calculate and report tax if your business operates on the cash basis of accounting. Generally, businesses that operate in this manner only record their transactions when money actually Continue reading Texas – Calculating and Reporting Tax for Sellers Operating on the Cash Basis of Accounting

Washington – Legislation to Streamline the Process of Collecting and Reporting Spirits Taxes

SALT Report 2452 – Washington Governor, Jay Inslee, signed legislation that requires the State’s Liquor Control Board and the Department of Revenue to make recommendations regarding the changes that would be necessary to: Streamline the collection of liquor taxes, fees, Continue reading Washington – Legislation to Streamline the Process of Collecting and Reporting Spirits Taxes

New York – New Reporting Requirement for Industrial Development Agencies and Authorities

SALT Report 2419 – The New York Department of Taxation and Finance issued a special notice that provides interim guidance for the new reporting requirement for Industrial Development Agencies and Authorities that took effect on March 28, 2013. Part J Continue reading New York – New Reporting Requirement for Industrial Development Agencies and Authorities

Arizona – Bill Addresses Sales and Use Tax Reporting Requirements

3/5/2013 SALT Report 2220 – The Arizona Senate introduced a bill that modifies the reporting requirements for transaction privilege tax payments. Current Arizona law states that TPT payments are due to the Department on a monthly basis by the 20… Continue reading Arizona – Bill Addresses Sales and Use Tax Reporting Requirements

Illinois – New Reporting Requirements for Businesses in Enterprise Zones

3/4/2013 SALT Report 2217 – The Illinois Department of Revenue issued an information bulletin that discusses the new reporting requirements for taxpayers that receive income tax, utility tax, sales tax, property tax, gas tax, electricity excise ta… Continue reading Illinois – New Reporting Requirements for Businesses in Enterprise Zones