Louisiana – New Sales Tax Return Available

SALT Report 2968 – The Louisiana Department of Revenue has created a new sales and use tax return to reflect the change in Vendor’s Compensation credit to .935%.  The new sales tax return, Form 4316 should be submitted for all Continue reading Louisiana – New Sales Tax Return Available

Louisiana – Vendor’s Compensation and Sales Tax Return Changes

SALT Report 2863 – The Louisiana Department of Revenue issued a reminder that effective July 1, 2013, the vendor’s compensation rate has been reduced to .935%.  The new rate should be claimed on the July sales tax return, which is Continue reading Louisiana – Vendor’s Compensation and Sales Tax Return Changes

Louisiana – Dealer Discount Reduced and Use Tax Provisions Enacted

SALT Report 2606 – Recently enacted legislation in Louisiana reduces the compensation amount that vendor’s may deduct for reporting and remitting sales tax to the Department of Revenue. Effective July 1, 2013 a dealer may deduct 0.935% of the amount Continue reading Louisiana – Dealer Discount Reduced and Use Tax Provisions Enacted

Kentucky – Newsletter Addresses Recently Enacted Sales and Use Tax Legislation

SALT Report 2572 – The June 2013 issue of Kentucky Sales Tax Facts, the Department of Revenue’s monthly newsletter, addresses sales and use tax legislation that was recently passed or enacted in the state. Vendor Compensation The newsletter provides guidance Continue reading Kentucky – Newsletter Addresses Recently Enacted Sales and Use Tax Legislation

Kentucky – Remote Seller Notice Requirement and Vendor Compensation Modifications

SALT Report 2354 – Kentucky Governor Steve Beshear has signed into law a bill that makes several changes to the state’s sales and use tax laws. Remote Seller Use Tax Notice Requirement The Bill requires out-of-state retailers who are not Continue reading Kentucky – Remote Seller Notice Requirement and Vendor Compensation Modifications

Mississippi – Taxpayers Who Collect and Pay Local Taxes May Retain 2%

SALT Report 2287 – The Mississippi Governor signed a Bill that authorizes taxpayers who collect, report, and pay local taxes to the Department of Revenue to keep a portion of the amount collected and reported. Specifically, the Bill states that Continue reading Mississippi – Taxpayers Who Collect and Pay Local Taxes May Retain 2%

Wyoming – Vendor Compensation Credit Calculation

SALT Report 1742 – The Wyoming Department of Revenue issued guidance regarding the vendor compensation credit as many vendors are calculating their credit amount incorrectly. When completing a monthly or quarterly sales and use tax return, vendors… Continue reading Wyoming – Vendor Compensation Credit Calculation

Wyoming – Vendor’s Compensation and Credits

SALT Report 1613 – The Wyoming Department of Revenue’s most recent issue of Taxing Issues discusses the eligibility requirements that apply to the vendor compensation credit and the changes in how the Department will notify taxpayer’s of credits t… Continue reading Wyoming – Vendor’s Compensation and Credits