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.
Pennsylvania Property Tax Independence Act Reintroduced
Originally introduced in 2017, SB 17 is intended to eliminate school property taxes. To supplement the lost revenue, the bill also proposed to increase the sales tax rate from 6% to 7% and personal.
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Proposal to Give Alabama Locals Leeway on Food and Beverage
Many states have a reduced or eliminated sales tax rate on food. Alabama could allow more locals the ability to do the same. Introduced on March 5, HB 42 would give local governments the ability to.
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Iowa Sales Tax Rate Could Make Dramatic Jump
In an effort to eliminate the individual income tax rates, HF 498 proposes to increase the sales and use tax rate from 6% to 11% in order to compensate for the loss. The increase would include sales.
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Montana Tries Again to Implement a Sales Tax
HB 195 proposed a new local option luxury sales tax. The rate cannot exceed 2%, and at least 25% of the revenue derived from the tax must be used toward property tax rebates. While it was referred to.
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Missouri Proposes Increased Sales Tax to Lower Income Taxes
In an effort to lower the individual income tax rate and provide a "Missouri Working Family Tax Credit" on income tax, SB 52 was pre-filed in December and had its first read in January. In order to.
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Utah Governor Herbert Proposes Sales Tax Changes in Budget Proposal
With sales tax revenue decreasing steadily over the past decades, Governor Herbert noted the bleak future of sales tax revenue if change does not occur. In the released budget recommendations, the.
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Colorado Extends Date of Compliance to New Sales Tax Rules
Along with most states in the Union, Colorado has imposed new sales tax rules based on the Wayfair decision. As such, companies with annual sales of over $100,000 or 200 transactions into the state.
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Still Time to Enroll in New Mexico’s Fresh Start Program
Businesses with unreported or underreported liability may be able to enroll for penalty forgiveness if they meet criteria and enroll in time. The program is called the New Mexico Fresh Start Program,.
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Reminder of the New Jersey Amnesty Program
As noted in our earlier publication, New Jersey offers an amnesty program for periods between February 1, 2009 and September 1, 2017. The program lasts until January 15, 2019, so it’s not too late to.
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Super Bowl Sales Tax Exemption
Super Bowl 53 is being held on Sunday, February 3, 2019 at the Mercedes-Benz Stadium in Atlanta, Georgia. Previous host states including, but not limited to, New Jersey and Minnesota, passed.
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