Regulatory Analysis

Posted January 11, 2024 by Jesse Rooney
Idaho Releases W-2 and 1099 E-Filing Direction

Idaho has released its electronic W-2 and 1099 filing specifications. There are no changes to the electronic specifications themselves. There are some filing direction changes.  Firstly, Idaho has adopted the federal e-filing threshold: if a party is reporting 10 or more information returns, it must file those returns (W-2s and 1099s) electronically.  Second, Idaho now […]

Read more
Posted January 11, 2024 by Jesse Rooney
Arkansas Releases 2023 W-2 and 1099 Electronic Reporting Specifications

Arkansas has released its electronic filing specifications for W-2 and 1099 forms submitted to the state for tax year 2023. There are no changes to the electronic specifications themselves. There are some important changes to filing direction.  First, Arkansas has lowered it electronic filing threshold for form W-2 from 250 to 125, meaning those filing […]

Read more
Posted January 5, 2024 by Sovos
Rhode Island Increases Mattress Recycling Fee

Effective January 1, 2024, the mattress recycling fee collected on the sale of all mattresses and foundations sold to Rhode Island residents will increase to $20.50 per unit sold. Additional information can be found here.

Read more
Posted January 5, 2024 by Bradley Feimer
Carbondale & Edgewater, Colorado Change to State-Administered for Sales Tax

The cities of Carbondale and Edgewater, Colorado changed from self-administered to state-administered for sales tax effective January 1, 2024. Each local will continue to self-administer use tax. Further information may be found here.

Read more
Posted December 28, 2023 by Erik Wallin
Hawaii: Motor Vehicle Rental Surcharge Increase

Through 2027, Hawaii is increasing the rental motor vehicle surcharge by $0.50 annually on January 1 of each year. Effective January 1, 2024, the State of Hawaii will increase the rental motor vehicle surcharge tax rate from $6.00 per day (or any portion of a day) to $6.50 per day (or any portion of a […]

Read more
Posted December 27, 2023 by Bradley Feimer
Colorado Self-Administered Local Rate Changes Effective January 1, 2024

12/14/2024 The Colorado Department of Revenue published local sales and use tax changes effective January 1, 2024. The following self-administered local sales tax rates have changed: City: Castle Pines Fort Collins Louisville Further information may be found here.

Read more
Posted December 27, 2023 by Bradley Feimer
Counties of Routt & Arapahoe, Colorado Adopt Sales Tax Exemptions Effective January 1, 2024

12/14/2024 The Colorado Department of Revenue published local sale and use tax changes effective January 1, 2024. The county of Routt has adopted state-allowed exemptions for farm equipment, incontinence products, and menstrual products. The county of Arapahoe has adopted state-allowed exemptions for beetle wood products, property used in space flight, machinery or machine tools, manufactured […]

Read more
Posted December 27, 2023 by Bradley Feimer
Carbondale & Edgewater, Colorado Change to State-Administered for Sales Tax

12/14/2023 The cities of Carbondale and Edgewater, Colorado changed from self-administered to state-administered for sales tax effective January 1, 2024. Each local will continue to self-administer use tax. Further information may be found here.

Read more
Posted December 27, 2023 by Oliver Mavor-Parker
California to Expand Bottle Fee Program

California will impose the California Redemption Value (CRV) deposit on additional products, effective January 1, 2024. Fruit Juice containers greater than or equal to 46 ounces, vegetable juice containers greater than 16 ounces, and wine and distilled spirit containers will now be subject to the deposit at the pre-existing rates depending on container size. Additionally, […]

Read more
Posted December 21, 2023 by Erik Wallin
Massachusetts Proposes Advanced Payment Regulation

12/21/2023 Massachusetts has proposed regulations related to the creation of the advanced sales tax payment requirements included in the Massachusetts Fiscal Year 2021 Budget Bill and addressed in TIR 21-4. The proposed regulation can be found here.

Read more
Posted December 15, 2023 by Erik Wallin
Hawaii: Maui County Surcharge Takes Effect in January

Effective January 1, 2024, the County of Maui has authorized the collection of a county surcharge.  The new Maui County Surcharge is 0.50%.  The county surcharge is only added to activities taxed at the 4.0% rate. The county surcharge does not apply to activities taxed at the 0.50% rate (e.g., wholesaling) or the 0.15% rate […]

Read more
Posted December 15, 2023 by Alexander Dunn
Kansas Phase Out of Sales Tax on Groceries to Continue January 1st

Under HB 2106, Kansas will reduce the state sales and compensating use tax rate on food and food ingredients from 4.0 percent to 2.0 percent effective January 1, 2024. The rate will be further reduced to 0.0 percent on January 1, 2025. Kansas defines “food and food ingredients” to include bottled water, candy, dietary supplements, […]

Read more
Posted December 15, 2023 by Daniel Kostrzewa
Utah Imposes Electric Vehicle Charging Tax

Starting January 1, 2024, Utah will impose a 12.5% Electric Vehicle Charging Tax on the retail sale of electricity sold by a charging station operator to charge or recharge an electric vehicle. More information on this new tax can be found in Utah Code 59-30-102.

Read more
Posted December 14, 2023 by Robert Beck
IRS Releases Late-Season Update for Form 1099-MISC

The IRS recently released an update to Form 1099-MISC and its corresponding instructions. The most notable change is the decrease of the threshold for electronic filing from 250 or more forms to 10 or more forms. This change is pursuant to TD 9972, published February 23, 2023, and is in effect for information returns filed […]

Read more
Posted December 14, 2023 by Jesse Rooney
Virginia Releases W-2 and 1099 Electronic Filing Specifications

Virginia has released its annual revision of the document “Web Upload Guide for W-2s, W-2Cs, and 1099s.”  As the title implies, the document provides directions and specifications for remitting the documents via the state’s web upload system. The revised document has numerous editorial and stylistic but no material changes to the direction provided nor the […]

Read more
Posted December 14, 2023 by Jesse Rooney
Delaware Releases W-2 and 1099 Filing FAQs for tax year 2023

Delaware has released its “W-2 and 1099 Form FAQs” for tax year 2023.  This website provides direction on specifications and filing processes for W-2 and 1099s to be filed with Delaware. Delaware follows the federal standard for reporting thresholds that require electronic filing of tax information returns.  As the federal government has lowered its electronic […]

Read more
Posted December 14, 2023 by Robert Beck
South Carolina Releases Updated Forms WH-1601, WH-1605, and WH-1606

South Carolina recently released updates to several forms including the WH-1601, WH-1605, and WH-1606. WH-1601 is the SC Quarterly Withholding Tax Payment Coupon. The only changes to this form this year are the form number and the revision date, which has been updated to 08/28/2023. WH-1605 is the SC Withholding Quarterly Tax Return form, which […]

Read more
Posted December 14, 2023 by Robert Beck
South Carolina Releases Updated Form WH-1612 for TY2023

South Carolina recently released an updated version of its Form WH-1612, the Transmittal Form for W-2s or 1099s Submitted By Paper. Several changes were made to this form to reflect changes in the filing options for South Carolina for TY2023. As South Carolina no longer accepts CD-ROM discs for filing returns, all references to filing […]

Read more