DMA Corporate Tax Blog
DMA's tax blog keeps you up-to-date on corporate taxes across the United States, Canada, and Europe; and focuses on several key areas of corporate taxation: property tax, sales/use & commodity tax, state income & franchise tax, tax technology, severance tax, value added tax, customs & duty, crown royalties, and unclaimed property.
Two Louisiana Bills May Allow for Easier Remittance
Both pending in Ways and Means, HB 428 and HB 429 would allow for single remittances to the state instead of the parish jurisdictions. HB 428, if passed, would remove the authority of the parishes to.
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DMA's COVID-19 Response - Our Client Commitment
To Our Valued Clients and Business Partners:
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Utah Proposes Changes to Food Tax
The Tax Restructuring and Equalization Task Force has submitted a policy proposal that would affect many aspects of sales and use tax. The intent is to reduce and expand rate and exemption base. The.
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Arizona to Increase Thresholds for Estimated Payments
Per HB 2360, total annual tax liability instigating an estimated annual payment will gradually increase. The current threshold is $1,000,000 in actual tax liability in the preceding calendar year..
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Ohio Amends Aspects of the CAT Tax
Effective on June 20, 2019, Rules 5703-29-14 and 5703-29-16 clarified recent exclusions to the Commercial Activity Tax. The first rule states that cash discounts are excluded from gross receipts when.
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Oregon Gross Receipts Tax Signed into Law
Aimed at raising over $1 billion dollars in new tax revenue per fiscal year, Oregon has become the 6th state to enact a Gross Receipts Tax. After a nearly week-long legislative walkout, HB 3427.
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Washington Imposes New B&O Tax and Updates License Application
Effective January 1, 2020, SHB 2167 imposes a new B&O tax of 1.2% on financial institutions. The rate is applied to the gross income of the business. Note in the bill the specific definitions of.
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Puerto Rico Lowers Prepared Foods Tax
The Puerto Rico Treasury is reducing the prepared meals tax by almost 40%. Effective October 1, 2019, the meals tax will be reduced from 11.5% to 7%. This is a result of Law 257 signed by former.
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Nevada Commerce Tax Filing Threshold
The filing requirement for the Nevada commerce tax has changed. You do not have to file a commerce tax return if gross revenue from business between July 1, 2018 through June 30, 2019 was less than.
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DC Increases Soft Drink Tax
Due to an emergency budget, the rate for the soda drink tax will be increasing from 6% to 8%. The budget bill further adjusted the definition of soda drinks to include exclusions of drinks that are.
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