Archive for October 2018
Georgia Issues Sales Tax Guidance on Hotel Motel Fee
The Georgia Department of Revenue issued a letter ruling, providing guidance for the application of the State Hotel-Motel Fee (“Fee”). A taxpayer was concerned with whether they were required to collect the Fee based on the local jurisdiction mandating that they were required to collect and remit an excise tax on any rooms furnished to…
Read MoreCannabis Industry – Understanding and Planning for Tax Consequences on the Federal Level
The cannabis industry laws are extremely volatile, which is mainly a result of it being a new industry, creating a trial and error type of lawmaking process. However, the ever-changing laws of the industry are also driven by the many competing interests on the legality of cannabis both at the federal and state level. As…
Read MoreArkansas Yet to Impose Economic Nexus Legislation
In the wake of the U.S. Supreme Court’s Wayfair decision, which overruled a physical presence requirement that stood for nearly three decades, several states began taking steps to enact economic nexus legislation similar to that of South Dakota. However, Arkansas has not been one of those states. The Arkansas Office of Revenue Legal Counsel issued…
Read MoreNevada Economic Nexus Thresholds Go into Effect November 1, 2018
Nevada enacted economic nexus thresholds for remote sellers in response to the Supreme Court’s Wayfair decision. Originally, there was no established effective date for the legislation. However, remote sellers should take notice that the Nevada Department of Taxation recently announced when the economic nexus rules would go into effect. Beginning November 1, 2018 remote sellers…
Read MoreSouth Carolina Issues Economic Nexus Guidance for Remote Sellers
The South Carolina Department of Revenue issued a guidance to remote sellers regarding their economic nexus standard in light of the U.S. Supreme Court’s Wayfair decision. Prior to the decision, the Department took the stance that although legislation allowed for the collection of sales and use tax by retailers not maintaining a physical presence, the…
Read MoreWyoming Issues Guidance for Remote Sellers Following Wayfair
The Wyoming Department of Revenue issued a bulletin following the Wayfair ruling, which overruled the physical presence requirement long established in Quill. Despite the Supreme Court’s decision, remote sellers are currently not required to register with the state to collect and remit sales tax. Remote sellers can be reassured that until Wyoming establishes a date…
Read MoreCigarette Tax Audit/Refund – What to Expect
As cigarettes and other tobacco products are taxed on both the federal and state level, the tax compliance burdens are steep. The tobacco tax scheme is very different from other tax schemes because the product is taxed both at the federal and state level. Further, depending on the type of tobacco product being sold the…
Read MoreWashington Outlines How Businesses Can Determine Sale Date for Threshold Purposes
Effective October 1, 2018, certain remote sellers conducting business in Washington must begin collecting sales or use tax on taxable retail sales. Businesses that do not have a physical presence in the state will be required to collect sales or use tax if they exceed $100,000 in gross retail sales or have 200 or more…
Read MoreWest Virginia Provides Notice About Impending Economic Nexus Thresholds
In response to the recent U.S. Supreme Court Wayfair ruling, the West Virginia Tax Department issued an Administrative Notice (“Notice”) that will affect remote sellers prospectively. Beginning January 1, 2019, certain remote sellers will be required to collect and remit West Virginia sales and use taxes on taxable sales delivered into the state. In Wayfair,…
Read MoreLouisiana to Impose Economic Nexus Legislation on Remote Sellers in 2019
In response to the U.S. Supreme Court’s Wayfair holding, which eliminated the physical presence requirement that stood for nearly three decades, Louisiana has taken steps to capture sales tax revenue from transactions conducted by remote sellers. The Louisiana Department of Revenue issued a bulletin indicating that remote sellers must begin collecting and remitting state sales…
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