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.
Connecticut Food Rates to Increase
Per Section 323 of budget bill 7424, in addition to the state rate applicable to retail sales, an additional 1% tax will be included for sales of meals sold at restaurants, catering businesses, and.
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Statute of Limitations Increases
Effective July 1, 2019, HB 5590, which passed in the Rhode Island General Assembly, increases the years of statute of limitations from 3 years to 10 years on any notice of deficiency. In addition,.
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New Local Taxes Allowed for Nebraska County
After an initial veto by the Governor, LB 472 passed by override. The bill will allow qualifying counties to begin assessing sales and use tax of one-half of one percent. The tax will be administered.
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Hawaii Requires eFile for Additional Tax Types
Effective October 1, 2019, Hawaii requires that rental motor vehicle, tour vehicle and car-sharing vehicle surcharge taxes must be filed electronically. Penalty will be imposed for any returns.
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Tennessee Changes Local Sales Reporting and Delays SSTP
Beginning October 1, 2019, out-of-state sellers must report Tennessee sales and use tax based on the shipped to or delivered to address of the customer. A specific local sales tax rate is to be.
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Illinois Changes Sourcing for Remote Sellers and Offers Amnesty
Signed by the Governor on June 28th, SB 690 changes the requirements for remote sellers. Effective July 1, 2020, remote sellers who meet the established thresholds of $100,000 in sales or 200 or more.
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October 1, 2019 Economic Nexus Enforcement
Five states (Alabama, Arizona, Kansas, Tennessee, and Texas) will be enforcing new economic nexus thresholds on October 1, 2019. Additionally, two states (Massachusetts and Minnesota) will be.
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Iowa Launches New Site
Iowa has released a new website for taxpayers and tax professionals. The new site offers a simplified home page, better navigation, improved searches, a forms library and FAQs library. The site.
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Indiana is Upgrading Online Presence
The state of Indiana has announced four roll-outs, beginning September 3rd, to modernize its online taxpayer services. The new system is called ITS, or Indiana Tax System. Part of this new system.
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Connecticut Considers a Local Tax
Due to reforms in property tax, the Connecticut General Assembly proposed SB1141 which would allow a local sales tax of 0.5% to be administered by the state and distributed to the Municipal Capacity.
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