Regulatory Analysis
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, […]
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.
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 […]
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 […]
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 […]
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 […]
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 […]
South Carolina recently released its RS-1, the W2 and 1099 Filing Instructions and Specifications for 2023. There are a few notable changes this year, the most important of which is that South Carolina no longer accepts CD ROM for filing W-2 or 1099 files. Additionally, the cutoff limit for paper filing has been reduced from […]
12/14/2023 The Colorado Department of Revenue recently published local sales and use tax changes. Mineral County, Colorado repealed its 2% use tax on building materials effective January 1, 2024. Further information may be found here.
12/14/2024 Loveland, Colorado approved ballot Question 300 which amends the Loveland City Charter to remove the imposition of sales tax on food for home consumption beginning January 1, 2024. Further information may be found here.
12/14/2024 The Colorado Department of Revenue published local sales and use tax changes effective January 1, 2024. The following state-administered local sales tax rates have changed: City: Cripple Creek Eaton La Junta Romeo Yampa Further information may be found here.
12/12/2023 As a part of the Ohio 2023-2024 budget bill, H.B. 33, the state will transition to a “Next Generation (NG) 9-1-1 system” beginning January 1, 2024. This transition includes an increase in the 9-1-1 access fee for wireless telephone subscribers from $0.25 to $0.40 for the period of January 2, 2024, through September 30, […]
12/8/2023 Pursuant to Senate Bill 56, Georgia sales tax now applies to the sale of specified digital products, other digital goods, or digital codes sold to an end user, provided that such end user receives or will receive the right of permanent use of product, goods or codes and the transaction is not conditioned upon […]
12/7/2023 Starting January 1, 2024, Delaware will impose a new $0.60 surcharge on the retail sale of communication services that are capable of allowing a consumer to make an outbound communication to the 988 Lifeline.
12/5/2023 Effective January 1, 2024, the Connecticut Bottle Deposit Fee will increase to 10 cents per container. Further information may be found here.
Beginning with tax year 2023, Colorado law requires employers to provide all employees with an annual notice of Earned Income Tax Credits and Child Income Tax Credits. This week, the Colorado Department of Revenue released criteria that employers must follow when providing the EITC/ CITC notice to employees. Notice may be printed or sent electronically. If […]
12/1/2023 Effective January 1, 2024, the Colorado prepaid wireless charge on retail sales of prepaid wireless telecommunication services will be adjusted to $1.88 for the 911 charge and $0.14 for the 988 charge. Further information may be found here.
12/1/2023 Effective January 1, 2024, the Colorado Waste Tire Fee on the sale of new motor vehicle and trailer tires will decrease to $0.55 from $1.25. Further information may be found here.