Regulatory Analysis

Get the latest updates in regulatory analysis news

Posted June 26, 2019 by Gerry Nelligan
South Carolina Announces 2019 Third Quarter Interest Rates

South Carolina regularly reviews and adjusts the interest rates for over- and underpayments of taxes.  Per SC Information Letter #19-15, for the period from July to October of 2019, the interest rate for underpayments will be five percent, down from six percent in the prior quarter. In addition, the letter notes that for the 2019-2020 […]

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Posted June 26, 2019 by Tom Hospod
New Mexico Updates Withholding Publication – Including Due Date Change

New Mexico has published a revised version of its FYI-104, New Mexico Withholding Tax. Publications may be found here. There are several changes of which filers should take note. Starting tax year 2019, the Department will be requiring electronic submission of income and withholding information returns if you have more than 25 employees and the information will be […]

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Posted June 26, 2019 by Nicolette Chasse
Georgia to Require Filing of Form 1099-K

The state legislature of Georgia has passed a bill that would amend the Georgia tax code, requiring individuals who file or are required to file Form 1099-K with the IRS to also electronically file a copy of the form with the state revenue commissioner on or by March 31. Forms are due to recipients on […]

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Posted June 26, 2019 by Tom Hospod
Vermont Updates ACH Credit Instructions

Vermont has revised its instructions for making ACH Credit Payments to the Department of Taxes. The instructions remain mostly the same, although the bank address to which filers should pay withholding taxes has changed: People’s United Bank, 112 State Street, Montpelier, VT 05601 VT Tax Account Number: 8877770634 The routing and account numbers have remained the same.

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Posted June 26, 2019 by Katherine Mullen
Louisiana Mandates Tax Collection on Remote Commerce

While Louisiana is one of the few states (as of today) that does not actively require out-of-state vendors to collect their sales tax, they are poised to begin. At present, collection of the simplified 8.45% remote seller sales tax is voluntary; however, in the wake of the passage of Act 360 (HB547) related to remote […]

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Posted June 26, 2019 by Andrew Decker
New York Increases Economic Nexus Threshold

[June 26, 2019] New York Senate Bill S06615 (A06615) was signed into law on June 24th, increasing the economic nexus threshold to $500,000 worth of sales of tangible personal property. At the beginning of this year, the Department of Taxation of Finance released a notification stating that the Supreme Court’s decision in the Wayfair decision […]

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Posted June 17, 2019 by Matthew Gonnella
Nevada Passes Marketplace Legislation

[June 17, 2019] Nevada recently passed bill A.B. 445 requiring marketplace facilitators that meet certain thresholds to collect tax on behalf of their marketplace sellers. Marketplace facilitators must collect tax when they facilitate Nevada sales by marketplace sellers of $100,000 or more, or when they facilitate 200 or more individual transactions in the current or […]

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Posted June 10, 2019 by Alex Samuel
Tennessee Publishes Economic Nexus Guidance for Out-of-State Sellers

[June 10, 2019] Tennessee recently published new guidance on Sales and Use Tax Rule 1320-05-01-.129(2) regarding the taxation of out-of-state retailers. Out-of-state sellers with no physical presence in Tennessee who make sales exceeding $500,000 to consumers in Tennessee during the previous 12-month period must register with the Department and begin collecting and remitting Tennessee sales and […]

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Posted June 5, 2019 by Alex Samuel
City of Denver Exempts Feminine Hygiene Products from Sales Tax

[June 4, 2019] The City of Denver recently enacted legislation exempting feminine hygiene products from city sales tax effective July 1, 2019. Feminine hygiene products include, but are not limited to, tampons, menstrual pads and sanitary napkins, pantiliners, menstrual sponges, and menstrual cups.

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Posted June 5, 2019 by Alex Samuel
Tennessee Exempts Fiber-Optic Cable from Sales Tax

[June 4, 2019] Tennessee recently enacted legislation amending the definition of tangible personal property to exclude fiber-optic cable after it has become attached to a structure or installed underground. Such fiber-optic cable is deemed realty upon installation and is not subject to sales tax. The exemption is effective July 1, 2019.

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Posted June 5, 2019 by Alex Samuel
Florida Enacts Back-to-School Sales Tax Holiday

[June 4, 2019] Florida recently enacted legislation which creates a sales tax holiday between August 2, 2019 and August 6, 2019 during which clothing having a sales price of $60 or less and school supplies having a sales price of $15 or less are exempt. Additionally, personal computers or personal computer-related accessories having a sales […]

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Posted June 4, 2019 by Daniel Kostrzewa
Arizona Enacts Economic Nexus and Requires Marketplace Facilitators to Collect Tax

[June 4, 2019] Starting October 1, 2019,  Arizona will require remote sellers and marketplace facilitators to collect and remit Arizona’s transaction privilege tax if they surpass certain economic thresholds. A remote seller will be required to collect and remit tax if its gross proceeds from sales to Arizona customers exceed: $200,000 for the 2019 calendar […]

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Posted June 4, 2019 by Matthew Gonnella
Nevada Exempts Durable Medical Equipment

[June 4, 2019] Pursuant to recently enacted Senate Bill 447, sales of durable medical equipment, oxygen delivery equipment, and mobility enhancing equipment are exempt from sales tax in Nevada. This exemption can be claimed when the equipment is prescribed for human use by a licensed health care provider acting within their scope of practice. This […]

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Posted May 30, 2019 by Katherine Mullen
Economic Nexus Vetoed in Kansas

[May 30, 2019] House Bill 2033, which passed both the House and the Senate in Kansas, would have established economic nexus in the state, and would have required marketplace providers to collect tax on behalf of marketplace sellers. The current trend is for states to impose these sorts of requirements; many states have passed bills over […]

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Posted May 28, 2019 by Matthew Gonnella
Marketplace Facilitators to Collect and Remit Texas Sales Tax

[May 28, 2019] Effective October 1, 2019, marketplace facilitators selling into Texas are required to collect and remit Texas sales tax as retailers when they process sales for marketplace sellers. The law, which was signed on May 24, requires the marketplace facilitator to certify to each marketplace seller that the marketplace facilitator assumes the rights and […]

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Posted May 22, 2019 by Katherine Mullen
Mississippi Adds School Supplies to the Summer Sales Tax Holiday

[May 22, 2019] Mississippi holds a sales tax holiday each year beginning on the last Friday in July and ending on the following Saturday. In years past, this holiday has applied to clothing and footwear with a selling price of less than $100. Pursuant to Senate Bill 2955, the state has added school supplies to […]

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Posted May 22, 2019 by Katherine Mullen
Kansas Exempts Certain Coins and Bullion

[May 22, 2019] Pursuant to recently enacted House Bill 2140, all sales of gold or silver coins as well as bullion of gold, silver, palladium, or platinum are exempt from sales and use tax in Kansas. Bullion is therein defined as “bars, ingots or commemorative medallions of gold, silver, platinum, palladium, or a combination thereof, for […]

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Posted May 22, 2019 by Katherine Mullen
Texas Enacts Legislation for an Optional Local Use Tax Rate for Remote Sellers

[May 22, 2019] The state of Texas recently approved a new law giving remote sellers who are required to collect and remit local use taxes in Texas an option to collect the amount as a single local use tax rate as an alternative to combined local use tax rates. Under the law, a remote seller can […]

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