Regulatory Analysis
South Dakota HB 1137, signed by the governor and effective July 1, 2023, reduces the gross receipts tax in the state from 4.5% to 4.2% for a period of four years. In addition, the excise tax on agriculture machinery and equipment, the gross receipts tax on vehicle rentals, and select other taxes are reduced. Further […]
3/23/2023 Colorado imposes a Daily Vehicle Rental Fee on motor vehicle rentals 30 days or less and certain car sharing rentals. The rate may adjust for inflation each year. For the period of July 2023 to June 2024, the fee amount will increase to $2.13 from $2.05. Further information concerning the fee may be found […]
3/23/2023 Colorado imposes a retail delivery fee on all deliveries by motor vehicle in the state with at least one item of tangible personal property subject to state sales or use tax in the order. The fee amount may be adjusted for inflation each year. For the period of July 2023 to June 2024, the […]
The City of Philadelphia enacted a requirement that an employer provide employees and non-payroll workers who reside or work in Philadelphia with a notice of the Earned Income Tax Credit (EITC). The EITC Notice must be provided to the employee or worker at the same time the federal form W-2, 1099, or comparable form is […]
Missouri holds its annual sales tax holiday on Energy Star certified appliances (Show Me Green) from April 19 to April 25. Starting in 2023, all local sales and use taxes are exempted during this time, where previously locals had to choose to opt into this holiday. For more information, please reference RSMo Section 144.526 as […]
The District of Columbia has released its 2023 Electronic Funds Transfer (EFT) Payment Guide. There have been no changes from the 2022 publication. To view the D.C. 2023 EFT Payment Guide, please click here.
Texas Senate Bill 1000 would cut the 6.25% sales tax down to 5.75% starting October 1. Under the proposal, the new rate would amount to a reduction of a half cent. This bill seems to have bipartisan support and the backing of the governor. Updates will be posted here on the Regulatory Feed as they […]
Effective July 1st, 2023, South Dakota Senate Bill 30 revises the remote seller thresholds for those who must collect and remit sales and use tax for the current or previous calendar year by removing the 200-transaction threshold. The law was signed by the governor on February 9th, 2023. More information concerning the legislation may be […]
The Department of the Treasury and the Internal Revenue Service (IRS) recently published final regulations updating the electronic filing requirements for specified returns and other documents. These final regulations codify required changes made by the Taxpayer First Act which was signed into law back in 2019. Effective for calendar year 2024 (impacting returns filed after […]
The State of Indiana has published a revised version of its 1099 and W-2G reporting guide for Tax Year 2022. The 1099 and W-2G reporting guide defines specifications for electronic 1099 and W-2G filing. Indiana has changed the description for Position 735-746 “Local Income Tax Withheld” in the B Record for forms 1099-B, DIV, G INT, […]
Sales tax changes are scheduled to take effect in Monroe and Westchester Counties beginning March 1. Monroe County has chosen to implement the exemption for clothing sold for under $110. This aligns the county with the state level exemption, meaning that such clothes will be fully exempt from sales tax in Monroe County. For a […]
2/6/2023 Effective February 18, 2023, by approval of Ordinance No. 8563, incontinence and feminine hygiene products will be exempt from sales and use tax in the city of Boulder, Colorado. Further information concerning Ordinance No. 8562 may be viewed here.
2/2/2023 In 2022, a Texas District Court held in Coppell v. Hegar and Round Rock v. Hegar that Texas failed to follow its own requirements in enacting Texas Tax Rule 3.334. In short, the court required the comptroller to re-amend or re-adopt the rule using proper Texas procedures. The Texas Comptroller recently fulfilled the procedural […]
California recently released the 2023 California Employer’s Guide (DE 44) and the 2023 Household Employer’s Guide (DE 8829). The “Household Employer’s Guide” has been renamed to “California Employer’s Guide”. A summary of key changes is noted below. To make an adjustment to incorrect UI, ETT, SDI, and/or PIT after DE 9 was filed, file a DE 88 […]
The 2023 version of the W-4R and W-4P were released January 9, 2023. In 2022, taxpayers had the option to use either the 2021 Form W-4P or the 2022 Forms W-4P and/or W-4R in 2022. However, beginning January 1, 2023, the 2023 W-4P and W-4R must be used. W-4P is now used only to make […]
Louisiana recently published the 2023 version of R-20201, Electronic Fund Transfer (EFT) Guidelines. This publication provides details and procedures for taxpayers using EFT to submit payment to the Louisiana Department of Revenue. There is only one change made to the latest version of the Publication R-20201. Tax Codes 08431-08435 have been added for “Retail Dealers of […]
1/27/2023 The city of Kodiak, Alaska provides a one-day Annual Sales Tax Holiday for all sales of tangible personal property and services subject to sales tax, except for certain enumerated transactions. The Sales Tax holiday takes place on the first Saturday in March each year and for 2023, the holiday occurs on March 4. Additional […]
1/24/23 Ketchikan Gateway Borough, Alaska has approved Resolution 2972. The Resolution grants a single day Sales Tax Holiday effective on March 25, 2023 in Ketchikan Gateway Borough and the City of Ketchikan. The holiday applies to all sales and rentals of tangible personal property and services normally subject to sales tax, except specified circumstances by […]