Regulatory Analysis

Posted September 15, 2023 by Andrew Decker
Livingston Parish creates “Pink Tax Exemption”

Livingston Parish, Louisiana has adopted a new ordinance creating a “Pink Tax Exemption” from its local sales tax that takes effect on October 1, 2023, and lasts through June 30, 2025. The new exemption applies to non-commercial sales of feminine hygiene products and diapers, the same products as those already exempt from the state’s sales […]

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Posted September 12, 2023 by Paul Ogawa
IRS Releases Updated Publication 1586

The IRS recently released an updated Publication 1586. The guidance on missing taxpayer identification numbers (TINs) and incorrect TINs has been updated to reflect final Treasury Regulations related to forms 1095-B and 1095-C that were published earlier this year. Additionally, a note has been added to clarify the de minimis rule. Publication 1586 can be […]

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Posted September 12, 2023 by Paul Ogawa
IRS Releases Revised Form W-2C

This month, the IRS released the first W-2C update since 2014. Aside from Copy A, W-2C is now fillable. There were several changes to the Copy D Employer Instructions. Employers are cautioned against sending IRS.gov printed forms to the SSA. A reference to the old 250 form electronic filing threshold was removed and replaced by […]

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Posted September 12, 2023 by Paul Ogawa
Maine Follows New Electronic Filing Threshold

In a recently released Maine Tax Alert, Maine Revenue Services announced that the electronic filing threshold for information returns will be lowered from 250 returns to 10 aggregate returns, beginning with returns filed in 2024. Maine law adopts the federal electronic filing thresholds. Earlier this year, the new federal electronic filing threshold of 10 aggregate […]

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Posted September 11, 2023 by Paul Ogawa
Missouri Releases 2023 Employers Tax Guide

Missouri recently released its Employer’s Tax Guide for Tax Year 2023. This guide contains general information regarding filing and payment of withholding taxes for Missouri employers. Additionally, the publication contains the updated tax withholding tables. The only change is that when there is an overpayment on a withholding account, employers must submit Form 4854 requesting […]

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Posted September 8, 2023 by Jesse Rooney
Minnesota Revises Form W-4MNP

Minnesota has revised its Form W-4MNP, “Minnesota Withholding Certificate for Retirement Account, Pension, or Commercial Annuity Payments.”  The form is used by payees to indicate desired withholding for the payment types in question. The revised form is simplified to reflect state law changes that permit more flexibility for payees who can now request any rate […]

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Posted September 8, 2023 by Radhika Akhil
Nebraska Updates Commercial Agriculture Exemption

9/7/2023 Earlier this year, Nebraska Governor Pillen signed LB 727, which among other provisions, added “net wrap, baling wire, and twine” as part of the commercial agriculture exemption. Twine is defined as “a strong string of two or more strands twisted together used in the baling of livestock feed or bedding”. This amendment is set […]

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Posted September 8, 2023 by Jesse Rooney
Pennsylvania Publishes Personal Income Tax Bulletin 2023-01

Pennsylvania has published Tax Bulletin 2023-01.  This document clarifies 1099-MISC and 1099-NEC reporting and withholding instructions. The document clarifies when Forms 1099-NEC and 1099-MISC, particularly noting that Pennsylvania requires reporting of these forms when federal reporting is required.  Previously, direction for reporting of these forms was required when reporting compensation for services performed by state […]

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Posted August 11, 2023 by Andrew Decker
Washington Exempts Mobility Enhancing Equipment

8/10/2023 Earlier this year Washington state enacted Substitute Senate Bill 5218 (Chapter 319 of Session Laws of 2023). This new law exempts sales of mobility enhancing equipment to critical needs patients from sales and use tax. Washington defines critical needs patient as an individual with a diagnosis or medical condition that results in significant physical […]

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Posted July 31, 2023 by Paul Ogawa
Missouri Publishes Interest Rates for Refunds in Q4 2023

The Missouri Department of Revenue recently published the updated interest rate for refunds in the fourth quarter of 2023. Missouri separates its interest rates into Deficiencies, Refund Rates for Individual Income and Property Tax, and all other tax types. For all other tax types, those rates are published quarterly. The rate for the 4th quarter […]

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Posted July 27, 2023 by Bradley Feimer
Alaska: City of Old Harbor Joins Alaska Remote Seller Sales Tax Commission

The City of Old Harbor has completed the process to join the Alaska Remote Sellers Sales Tax Commission (ARSSTC). Sellers must begin collection starting 9/1/2023 and filings will be updated to include Old Harbor on 10/1/2023. More information on the ARSSTC may be found here.

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Posted July 14, 2023 by Bradley Feimer
Maine Governor Signs 2024-2025 Budget Amending Service Provider Tax January 1, 2025

7/13/2023 Maine Governor signed the fiscal year 2024-2025 budget bill, LD 258, into law on July 11, 2023. This legislation amends the Service Provider Tax. Beginning January 1, 2025, services related to certain community support, home support, and private nonmedical institutions are no longer subject to the Service Provider Tax. Further information concerning the legislation […]

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Posted July 14, 2023 by Bradley Feimer
Ohio Governor Signs 2024-2025 Budget Enacting Sales Tax & Use Changes

7/10/2023 Ohio’s Governor signed fiscal year 2024-2025 budget bill, HB 33, into law on July 3, 2023. The legislation provided for numerous changes to Ohio law including new sales & use tax exemptions. Beginning October 1, 2023, certain baby products such as children’s diapers, cribs, strollers, and child therapeutic creams or wipes will be exempt […]

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Posted July 3, 2023 by Andrew Decker
Louisiana: Upcoming Sales Tax Changes

6/29/2023 The Louisiana legislature has recently enacted several changes to the state’s sales tax laws. Act 171 modifies the state’s economic nexus rules. Previously remote sellers and marketplace facilitators were liable to collect Louisiana sales tax if their annual gross sales into the state exceeded $100,000 or if they made 200 separate transactions in the […]

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Posted June 22, 2023 by Dan Barros
Illinois’s Suspended Rate for Groceries Set to End

Illinois Public Act 102-0700’s groceries tax reduction is set to expire on July 1, 2023. This act suspended the state 1% low rate of sale and use tax on retail sales of groceries from July 1, 2022 though June 30, 2023. Therefore, the rate for groceries will return to 1%. The relevant legislation may be […]

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Posted June 22, 2023 by Erik Wallin
Texas Enacts New Sales Tax Exemptions for Diapers, Feminine Hygiene Products, and Additional Items

6/20/2023 On June 18, Texas Governor Greg Abbott signed Senate Bill 379, which will exempt wound care dressings, diapers, baby wipes, maternity clothing, breast milk pumping products, baby bottles, and feminine hygiene products beginning September 1, 2023. The exemption for diapers will include both adult and children’s diapers. Under the exemption, the term “feminine hygiene […]

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Posted June 20, 2023 by Oliver Mavor-Parker
Governor Ivey Signs Alabama Grocery Sales Tax Reduction Bill

Governor Ivey has signed HB 479 to reduce the state sales tax rate on eligible food products. The state tax rate will be reduced to 3% on September 1, 2023. If certain revenue requirements are met, the rate will be reduced to 2% on September 1, 2024. Food eligible for the reduced rate will be […]

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Posted June 16, 2023 by Yujin Weng
Quebec Tire Fee Change Effective July 1, 2023

Effective July 1, 2023, the Canadian province of Quebec will change its tire fee structure. Until June 30, 2023, a fee of $3 applies to sales of a new tire with a rim diameter not exceeding 24.5 inches. Effective July 1, 2023, two fee amounts will apply based on the overall tire diameter for tires […]

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