Regulatory Analysis
5/12/2022 Florida Governor Ron DeSantis recently signed Florida HB 7071. As part of this legislation, Florida has approved tax holidays for back-to-school and tools used by trade workers. The Back-to-School Sales Tax Holiday will be held between July 25, 2022 and August 7, 2022, giving shoppers the opportunity to purchase clothing, wallets, bags, school supplies, […]
On April 11, 2022 the City Council of Aurora, Colorado passed an ordinance exempting the storage, use, and consumption of diapers beginning July 1, 2022. This exemption will apply to children diapers and adult related products as diapers is defined as, “an absorbent garment worn by humans who are incapable of, or have difficulty, controlling […]
5/12/2022 Indiana recently enacted HB 1001 (2021) and SB 382 (2022). This legislation will impose an electronic cigarette tax effective July 1, 2022. The electronic cigarette tax is levied at a rate of 15% on the retail sale of vapor products and open system consumable material. For closed system vapor cartridges, the excise tax is […]
5/12/2022 Puerto Rico recently approved H.R. Bill 478 (2021) establishing a new sales tax holiday for hurricane preparedness. This new holiday will occur every year during the last Friday, Saturday and Sunday of May. Items such as batteries, water, nonperishable food, storm preparedness supplies, and certain emergency supplies will be exempt during the holiday period. […]
5/12/2022 Florida Governor Ron DeSantis recently signed Florida HB 7071. As part of this legislation, Florida has approved tax holidays for disaster preparedness and tax freedom week. The Disaster Preparedness Sales Tax Holiday will be held between May 28, 2022 and June 10, 2022, giving shoppers the opportunity to purchase certain disaster and emergency supplies […]
On April 20, 2022, Nebraska Governor Pete Ricketts signed LB 984 into law. As part of the new law, feminine hygiene products will be exempted effective October 1, 2022. Feminine hygiene products are defined as “tampons, panty liners, menstrual cups, sanitary napkins, and other similar tangible personal property designed for feminine hygiene in connection with […]
On April 13, 2022, the Kentucky legislature voted to override a gubernatorial veto to enact House Bill 8 which provides for a reduction of the individual income tax rate and an expansion of sales and use taxes with an effective date of January 1, 2023. The new law reduces the individual income tax rate to […]
On April 8, 2022, Kentucky Governor Andy Beshear vetoed House Bill 8 which would have provided for a reduction of the individual income rate and an expansion of sales and use taxes. The legislature can still override the veto by a majority vote of both houses, which are adjourned until April 13, 2022. If passed, the […]
Beginning July 1, 2022, various products related to infant care, personal hygiene, and medical care will be exempt from sales tax in the state of Maryland. Specifically, Governor Hogan signed eight bills providing sales tax exemptions for items such as diapers, toothbrushes, certain masks, baby wipes, as well as blood pressure monitors. The enacted bills […]
On March 17, 2022, Colorado Governor Jared Polis signed CO 1099 establishing mandatory disclosures by high-volume third-party sellers using online marketplaces. Effective January 1, 2023, “high-volume third-party sellers” must disclose to a marketplace the seller’s bank account number, contact information, and tax identification number. A high-volume third-party seller is a seller that in any continuous […]
2/4/2022 Maryland recently published an updated List of Tangible Personal Property and Services Subject to Sales Tax. The guidance clarifies that sales of respirators such as KN95 and N95 masks and infectious drug tests including covid tests are exempt products that fall under the state’s disposable medical supplies sales tax exemption. To review the full […]
On December 13, 2021, Massachusetts Governor Charlie Baker signed (in part) Bill H.4269 “An Act Relative to Immediate Covid-19 Recovery Needs” into law. This new legislation, in effect, codifies and make permanent the safe harbor rule for advanced payments of sales and use tax, and room occupancy tax that was set to expire January 1, […]
11/10/2021 The Governor of Michigan recently signed into law House Bill 5267 and Senate Bill 153. These bills provide an exemption from sales and use tax on the sales of feminine hygiene products. Feminine hygiene products are defined as “tampons, panty liners, menstrual cups, sanitary napkins, and other similar tangible personal property designed for feminine […]
Texas Tax Rule 3.334 was recently modified to clarify the definition of a “place of business” as it applies to local sales and use tax sourcing. It now clearly specifies that sales personnel must be present for a location to be considered a “place of business” and that a “place of business” does not include […]
Effective July 1, 2021, Virginia Senate Bill 1302 was a the first legislation in the nation to provide for an E-988 surcharge on retail prepaid wireless services to fund a 988 suicide prevention hotline. Notably, the E-988 surcharge is combined to the existing E-911 surcharge. Thus on sales tax returns, the new E-911/E-988 surcharge of […]
Colorado recently enacted Senate Bill 154 to establish a 988 suicide prevention hotline and impose an E-988 surcharge. The legislation provides that beginning January 1, 2022, there is to be a E-988 surcharge applied to each retail transaction for prepaid wireless services. This surcharge will be used to fund the 988 network in the state. […]
Maine’s governor recently signed LD 1216 into law. This bill provides that on or after January 1, 2022, economic nexus will no longer require 200 separate transactions. Entities with gross sales exceeding $100,000 in the current or previous calendar year must continue to register, collect and remit sales and use tax. The relevant amendment can […]
Colorado Governor Jared Polis recently signed HB 21-1265 allowing a temporary deduction from state net taxable sales for qualifying retailers including, restaurants, caterers, and bars, so that they may retain the sales tax collected as assistance for revenue losses suffered from the pandemic. The bill is effective from June 2021 through August 2021. Further information, […]