CALIFORNIA – Tax Incentives For Cannabis Companies

The recent passage of the 2018 Farm Bill descheduled industrial hemp and its derivatives. This new law, combined with the pending bipartisan bill, the Strengthening the Tenth Amendment Through Entrusting States (STATES) Act, (which if passed would provide similar legal Continue reading CALIFORNIA – Tax Incentives For Cannabis Companies

WASHINGTON, D.C – Is Your Organization Tax-Exempt In D.C.? Act Soon To Retain The Exemption.

Organizations wishing to apply for or retain an exemption from the District of Columbia on income and franchise tax, sales and use tax, or personal property tax are subject to some new filing requirements. Organizations now must re-certify their qualification Continue reading WASHINGTON, D.C – Is Your Organization Tax-Exempt In D.C.? Act Soon To Retain The Exemption.

NEBRASKA – Internet Sales Tax Bill Levels Playing Field

Back in Lincoln, this week we had the final debate on LB 704. This bill will allow the State of Nebraska to collect sales tax from online internet sales. This really isn’t a new tax because the obligation in the Continue reading NEBRASKA – Internet Sales Tax Bill Levels Playing Field

MONTANA – State Senate Passes Higher Sales Tax For Montana Resort Towns

Communities like Big Sky and Red Lodge could see a temporary resort tax increase for public works projects if a bill moving through the Legislature becomes law. Senate Bill 241 passed its first vote in the Senate 33-to-16 on Monday. Continue reading MONTANA – State Senate Passes Higher Sales Tax For Montana Resort Towns

KENTUCKY – Gov. Bevin Signs Tax Cut Bill That Will Reduce State Revenue By $106 Million A Year

Gov. Matt Bevin on Tuesday signed into law a measure that that will cost Kentucky’s $11 billion General Fund an estimated $106.6 million a year once fully implemented. House Bill 354 contains changes to parts of the tax code that Continue reading KENTUCKY – Gov. Bevin Signs Tax Cut Bill That Will Reduce State Revenue By $106 Million A Year

IDAHO – Check Use Tax On Internet Purchases Before Filing Taxes

You might not be ready to file taxes if you didn’t check those untaxed purchases you made last year – such as items purchased over the Internet. According to the Idaho State Tax Commission, when you purchase items on the Continue reading IDAHO – Check Use Tax On Internet Purchases Before Filing Taxes

GEORGIA – Proposed Rideshare Tax Will Hurt Business, Public Safety

Georgia senators have added a last-minute amendment to HB 276 that would assess an excessive tax on Georgians who use rideshare apps like Uber and Lyft. The amendment text hasn’t been published on the Georgia General Assembly webpage yet, but Continue reading GEORGIA – Proposed Rideshare Tax Will Hurt Business, Public Safety

TEXAS – Top State Leaders Have Agreed To Raise Sales Tax To Decrease Property Taxes

According to the Texas Comptroller’s Office, sales tax revenue has declined five times over the last 10 years. The office also notes that sales tax is more volatile than property taxes — between 1997 and 2017, the annual change in Continue reading TEXAS – Top State Leaders Have Agreed To Raise Sales Tax To Decrease Property Taxes

TENNESSEE – Rule 129 Leveling The Playing Field

Rule 129 simply ensures that all out-of-state retailers who make sales in Tennessee, above the $500,000 threshold, properly collect and remit state and local sales and use tax due under current law. Enabling it, the report states, would level the Continue reading TENNESSEE – Rule 129 Leveling The Playing Field

TEXAS – Asking Texas Voters To Swap Higher Sales Taxes For Property Tax Cuts

Texas voters told candidates they want property tax relief, and it’s remarkably expensive. That’s why state lawmakers are talking about higher sales taxes. In the rush of legislation filed before last week’s deadline, you wouldn’t be the only person who Continue reading TEXAS – Asking Texas Voters To Swap Higher Sales Taxes For Property Tax Cuts