Regulatory Analysis
New Jersey recently passed Act 1522 establishing a new annual ten-day sales tax holiday for sales of school supplies and sport or recreational equipment. The holiday will run from the ninth day preceding the first Monday in September to that Monday each year. For 2022 that period is August 27 to September 5. The exemption […]
Effective July 6, 2022, OH SB 272, establishes mandatory disclosures by high-volume third-party sellers using online marketplaces. “High-volume third-party sellers” must disclose to a marketplace the seller’s bank account number, contact information, and tax identification number. A high-volume third-party seller is a participant on an online marketplace’s platform that is a third party seller which […]
Maine recently released updates to several documents for business registration and withholding. These documents include Form 941BN-ME, ME-21, the Business Change Notification; the Registration Application for Withholding and other taxes; and Form EFT, the Electronic Funds Transfer Application. Few changes were made across the three forms, none of them substantive. Most changes to the documents […]
The Secretary of the Treasury of Puerto Rico announced in a press release dated May 25, 2022, that the dates of the newly enacted hurricane preparedness sales tax holiday will be moved to give businesses more time to comply. The holiday that was originally scheduled for May 27-29, 2022, will now take place June 17-19, […]
5/12/2022 Florida Governor Ron DeSantis recently signed Florida HB 7071. As part of this legislation, Florida has enacted five new tax exemption periods starting in 2022. Children’s Books – May 14, 2022 to August 14, 2022. Children’s Diapers and Baby/Toddlers Clothing – July 1, 2022 to June 30, 2023. Energy Star Appliances – July 1, 2022 […]
5/12/2022 Florida Governor Ron DeSantis recently signed Florida HB 7071. As part of this legislation, Florida has approved tax holidays for back-to-school and tools used by trade workers. The Back-to-School Sales Tax Holiday will be held between July 25, 2022 and August 7, 2022, giving shoppers the opportunity to purchase clothing, wallets, bags, school supplies, […]
On April 11, 2022 the City Council of Aurora, Colorado passed an ordinance exempting the storage, use, and consumption of diapers beginning July 1, 2022. This exemption will apply to children diapers and adult related products as diapers is defined as, “an absorbent garment worn by humans who are incapable of, or have difficulty, controlling […]
5/12/2022 Indiana recently enacted HB 1001 (2021) and SB 382 (2022). This legislation will impose an electronic cigarette tax effective July 1, 2022. The electronic cigarette tax is levied at a rate of 15% on the retail sale of vapor products and open system consumable material. For closed system vapor cartridges, the excise tax is […]
5/12/2022 Puerto Rico recently approved H.R. Bill 478 (2021) establishing a new sales tax holiday for hurricane preparedness. This new holiday will occur every year during the last Friday, Saturday and Sunday of May. Items such as batteries, water, nonperishable food, storm preparedness supplies, and certain emergency supplies will be exempt during the holiday period. […]
5/12/2022 Florida Governor Ron DeSantis recently signed Florida HB 7071. As part of this legislation, Florida has approved tax holidays for disaster preparedness and tax freedom week. The Disaster Preparedness Sales Tax Holiday will be held between May 28, 2022 and June 10, 2022, giving shoppers the opportunity to purchase certain disaster and emergency supplies […]
On April 20, 2022, Nebraska Governor Pete Ricketts signed LB 984 into law. As part of the new law, feminine hygiene products will be exempted effective October 1, 2022. Feminine hygiene products are defined as “tampons, panty liners, menstrual cups, sanitary napkins, and other similar tangible personal property designed for feminine hygiene in connection with […]
On April 13, 2022, the Kentucky legislature voted to override a gubernatorial veto to enact House Bill 8 which provides for a reduction of the individual income tax rate and an expansion of sales and use taxes with an effective date of January 1, 2023. The new law reduces the individual income tax rate to […]
On April 8, 2022, Kentucky Governor Andy Beshear vetoed House Bill 8 which would have provided for a reduction of the individual income rate and an expansion of sales and use taxes. The legislature can still override the veto by a majority vote of both houses, which are adjourned until April 13, 2022. If passed, the […]
Beginning July 1, 2022, various products related to infant care, personal hygiene, and medical care will be exempt from sales tax in the state of Maryland. Specifically, Governor Hogan signed eight bills providing sales tax exemptions for items such as diapers, toothbrushes, certain masks, baby wipes, as well as blood pressure monitors. The enacted bills […]
On March 17, 2022, Colorado Governor Jared Polis signed CO 1099 establishing mandatory disclosures by high-volume third-party sellers using online marketplaces. Effective January 1, 2023, “high-volume third-party sellers” must disclose to a marketplace the seller’s bank account number, contact information, and tax identification number. A high-volume third-party seller is a seller that in any continuous […]
2/4/2022 Maryland recently published an updated List of Tangible Personal Property and Services Subject to Sales Tax. The guidance clarifies that sales of respirators such as KN95 and N95 masks and infectious drug tests including covid tests are exempt products that fall under the state’s disposable medical supplies sales tax exemption. To review the full […]
On December 13, 2021, Massachusetts Governor Charlie Baker signed (in part) Bill H.4269 “An Act Relative to Immediate Covid-19 Recovery Needs” into law. This new legislation, in effect, codifies and make permanent the safe harbor rule for advanced payments of sales and use tax, and room occupancy tax that was set to expire January 1, […]
11/10/2021 The Governor of Michigan recently signed into law House Bill 5267 and Senate Bill 153. These bills provide an exemption from sales and use tax on the sales of feminine hygiene products. Feminine hygiene products are defined as “tampons, panty liners, menstrual cups, sanitary napkins, and other similar tangible personal property designed for feminine […]