New Jersey Announces Multi-Phased Modernization of Electronic Tax Systems
At the close of 2024, New Jersey unveiled a plan to modernize its electronic tax systems through a multi-phased implementation of the new NJ Tax
Solution: Sales & Use Tax
Arkansas to End State Tax on Groceries
Arkansas recently passed HB 1685 which removes the state sales tax on food and food ingredients effective January 1, 2026. Local level sales tax will
1099
The Future of Indirect Tax Trends Report | Sovos
The IRS’s final regulations on digital asset reporting mark a turning point in how crypto brokers, digital asset platforms and taxpayers report transactions.
Washington Contemplating Major Tax Reform
The Washington legislature is considering major changes to its sales tax laws. Senate Bill 5814, which passed the Senate on April 19th, is currently under
Utah Repeals Transaction Threshold for Economic Nexus Effective July 1, 2025
Beginning on July 1, 2025, Utah will modify its economic nexus laws by removing the transaction threshold for remote sellers and marketplace facilitators. Currently, remote
Utah Repeals Transaction Threshold for Economic Nexus Effective July 1, 2025
Beginning on July 1, 2025, Utah will modify its economic nexus laws by removing the transaction threshold for remote sellers and marketplace facilitators. Currently, remote
Events
Gartner CFO Executive Conference
Meet the Sovos team at COST’s annual spring meeting and learn about our customer-centric approach to compliance. With solutions for indirect tax, 1099 reporting and more, our team is happy to discuss your global compliance strategy.
Events
IOFM Spring Conference & Expo
Meet the Sovos team at COST’s annual spring meeting and learn about our customer-centric approach to compliance. With solutions for indirect tax, 1099 reporting and more, our team is happy to discuss your global compliance strategy.
Colorado DOR Rules Fees for EV Charging Not Subject to Sales Tax
The Colorado Department of Revenue has recently issued Colorado General Information Letter No. GIL-25-002, 02/10/2025 which provides that fees charged for electric vehicle charging are
Texas Updates Rules on Data Processing
Effective April 2, 2025, Texas updated Rule §3.330 which expands the definition of “data processing service” which represents the computerized entry, retrieval, search, compilation, manipulation,
Kentucky Exempts Bullion and Currency
The Kentucky Legislature recently passed HB 2, which was initially vetoed (in full) by the Governor on March 25, 2025 but was successfully overridden on
Colorado Vehicle Daily Rental Fee Increase Effective July 2025
Colorado imposes a Daily Vehicle Rental Fee on motor vehicle rentals 30 days or less and certain car sharing rentals. The rate may adjust for
Virginia Extends Advertiser Printed Materials Exemption to 2028
Virginia recently enacted HB 2675 & SB 871, which extends the Virginia sales tax exemption for certain advertisers that purchase print materials in Virginia, distribute
Virginia Extends Veterinarian Prescriptions Exemption to 2028
Virginia recently enacted SB 1369 & HB 1698, which extends the Virginia sales tax exemption for prescriptions medicines purchased, administered, or dispensed by veterinarians through
Virginia Extends Aircraft Components Exemption to 2030
Through the enactment of SB 942 & HB 1729, the Virginia sales tax exemption for parts, engines, and supplies used for maintaining, repairing, and reconditioning
Alaska: City of Elim Joins Alaska Remote Seller Sales Tax Commission
The City of Elim has completed the process to join the Alaska Remote Sellers Sales Tax Commission (ARSSTC). Sellers must begin collection on 5/1/2025 and
Woodland Park, CO Sales Tax Rate Decrease
Woodland Park, CO passed Ordinance No. 1493 on March 10, 2025. The ordinance reduces the city sales tax rate from 4.09% to 3% effective March
Arizona Waste Tire Fee Maximum Fee Increase
Effective April 1, 2025, The Arizona Department of Revenue is increasing the maximum fee per tire from $2.00 to $4.66 per tire. The fee for