Regulatory Analysis
The Alabama Department of Revenue recently announced the quarterly interest rate for underpayments and overpayments of withholding taxes for the second quarter of 2019. The interest rate for the first quarter of 2019 was 6% and will remain at 6% for this coming quarter.
North Carolina Governor Roy Cooper signed Senate Bill 56 into law which codifies the North Carolina Department of Revenue directive published in response to the South Dakota v. Wayfair U.S. Supreme Court Decision. The legislation requires remote sellers to collect and remit sales and use tax when the seller, for either the current or previous year, has […]
On March 21, 2019, Governor Ricketts of Nebraska signed LB284 into law, enacting requirements for marketplace sellers to collect and remit sales and use tax in Nebraska. Under this legislation, sellers will be considered “doing business in Nebraska” when they have 200 or more transactions or sell more than $100,000 in products into Nebraska via the internet […]
Utah voters approved Proposition 3 on November 6, 2018. Proposition 3 includes a state-level sales and use tax rate change from 4.70% to 4.85% effective April 1, 2019. Please refer to Utah State Tax Commission Tax Bulletin 01-19 for more details and a listing local rate changes to take effect April 1, 2019.
The State of Washington recently passed SB 5581 which simplifies economic nexus rules for remote sellers and marketplace facilitators which became effective immediately upon signing by the governor on March 15, 2019. The legislation eliminates the 200 sale threshold for economic nexus and codifies the $100,000 in annual sales threshold based on cumulative gross receipts on retail sales (previously […]
The New York State Department of Taxation and Finance has issued TSB-A-19(1)S which found that an online marketplace which sold software on behalf of third-party sellers could be viewed as a co-vendor liable for the collection and remittance of sales tax on the sales of prewritten software. The opinion states that if the marketplace collects and […]
The IRS has published a notice reminding filers that, despite the repeal of the individual mandate in last year’s tax reform bill, individuals must still indicate on their return whether they had health coverage. ACA remains the law of the land for Tax Year 2018 – individuals were required to maintain and report coverage. The IRS […]