Regulatory Analysis
12/7/2022 Rockland and Westchester Counties New York have suspended their sales tax on residential energy beginning December 1, 2022. The suspension of sales tax in Rockland County is permanent while in Westchester County the suspension will expire after three months. Sales of non-residential energy are not affected. Please note that the sales taxes imposed on […]
Under HB 2106, Kansas will reduce the state sales and compensating use tax rate on food and food ingredients from 6.5 percent to 4.0 percent beginning January 1, 2023. The rate will be further reduced to 2.0 percent on January 1, 2024, and 0.0 percent on January 1, 2025. Kansas defines “food and food ingredients” […]
As a result of Iowa SF 2367, diapers and feminine hygiene products will be exempt from sales and use tax in Iowa starting on January 1, 2023. The exemption for diapers covers cloth and reusable diapers for both children and adults, while the exemption for feminine hygiene products extends to tampons, panty liners, menstrual cups, […]
12/7/2022 Governor Parson signed SB 153 in 2021 which, among other provisions, enacted marketplace rules to come into effect on January 1, 2023. Missouri is the final US state to enact marketplace rules. Beginning January 1, 2023, marketplace facilitators will be liable to collect and remit sales and use tax on sales made through their […]
12/7/2022 Washington’s Statewide 988 behavioral health crisis response & suicide prevention line tax is scheduled to increase from $0.24 to $0.40 beginning January 1. The tax applies on every retail sale of a prepaid wireless service. The tax also applies on every switched access (wireline) line, radio access (wireless) line, and Voice over Internet Protocol […]
The Colorado Public Utilities Commission set the Emergency 911 Fee to $1.71 per transaction and the Emergency 988 Fee to $0.27 per transaction for 2023. See here for additional information from the Colorado Department of Revenue.
Twice per year Puerto Rico holds a two day back-to-school sales tax holiday. These holidays occur in January and July. During the sales tax holiday periods, uniforms and school materials listed in section 4030.20(b) of the Puerto Rico Internal Revenue Code are exempt. The next holiday period will be from January 13-14, 2023. More information […]
In 2022, Kentucky enacted House Bill 8 extending the state’s sales and use tax to 35 additional services. Effective January 1, 2023, the list of newly taxable services include lapidary services, personal training, parking services, as well as marketing. The full list of newly taxable services can be found here.
Due to changes in Public Act No. 21-58, Connecticut is updating and expanding the applicability of their Bottle Deposit effective January 1, 2023. For the purposes of the Bottle Deposit, “carbonated beverages” will now include hard seltzers and ciders. Additionally, “noncarbonated beverages” will include plant water, juice, juice drinks, tea, coffee, kombucha, plant infused drinks, […]
The state of Virginia has exempted food for human consumption and essential personal hygiene products from state sales tax. Previously, products fitting these descriptions were subject to a reduced rate of 1.5%. Beginning on January 1, 2023, these products will be exempt from state sales tax, but may still be subject to a 1% local […]
The IRS recently released updated ACA forms, 1094-B: Transmittal of Health Coverage Information Returns, 1095-B: Health Coverage, 1094-C: Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns and 1095-C: Employer-Provided Health Insurance Offer and Coverage Below is a summary of the substantial changes: 1095-B and 1095-C – Instructions regarding individuals who do not have the […]
Rhode Island has announced an extension of it’s insurance mandate filing deadlines. Filers will now need to provide forms 1095-B and -C to recipients by March 1 annually. In addition, the state is extending it’s insurance mandate filings deadline to March 31 annually. These changes align the state’s filing deadlines with those of the federal […]
Arkansas recently published specifications for W-2 and 1099 filing with the state. Besides year updates to 2022, there were no other substantive changes. The due date for filing W-2 and Forms 1099 is January 31, 2023. To view the updated specifications, click here.
Georgia has released it’s 2023 Employer Withholding Tax Guide. The relevant year and withholding due dates have been updated in the guide to reflect accurate dates in 2023. There are no substantial content changes to the Employer Withholding Tax Guide when compared with its previous release in January 2022. Please see the landing page for […]
The IRS has released Publication 1187 for tax year 2022. This document provides electronic specifications for filing Form 1042-S with the IRS. There are no fundamental changes to the electronic specifications themselves, but there are a few notable changes to ancillary information. Filers who have FIRE transmitter control codes (TCCs) that were applied for earlier […]
North Carolina has released its File Layout Specifications for Forms 1099 and 1042-S for tax year 2022. The documents were updated with dates for the 2022 tax year. On the 1099 File Layout Specification, the location for field specification 711-722, “State Income” has changed from Box 17 to Box 18 of 1099-MISC. On both 1099 […]
Nebraska recently updated form 501N for tax year 2022. Form 501N is for Nebraska Monthly Income Tax Withholding Deposit. There were no substantive changes from the 2021 version. To view Form 501N, click here.
Since June, New York has implemented a Fuel Tax Holiday. This holiday exempted sales of motor fuel and diesel motor fuel from New York state sales and use tax and suspended the prepaid sales tax and several fuel excise taxes. The exemption also extended to the Metropolitan Commuter Transportation District’s sales and use taxes. The […]