Archive for November 2018
North Carolina Updates Form E-595E Certificate of Exemption
North Carolina has updated its Streamlined Sales and Use Tax Agreement Certificate of Exemption form, Form E-595E, to reflect changes adopted as part of the Streamlined Sales and Use Project. Form E-595E is to be used for purchases for resale or other exempt purchases. The revision of the form is applicable to transactions beginning January…
Read MoreReady for a Quiet Fall? Not Quite So Fast…
After a long year, most businesses see the Fall as the time of year to wrap up various projects and make a final push on sales. A small portion of businesses are considering tax planning as part of their end of the year process. An even smaller percentage of businesses are taking steps to guard…
Read MoreGeorgia Issues Guidance on Quality Jobs Tax Credit and Jobs Tax Credit
The Georgia Department of Revenue issued a letter ruling providing guidance for the application of the state’s Quality Jobs Tax Credit and Jobs Tax Credit. The taxpayer was concerned with whether they are eligible for the Jobs Tax Credit, LDCT Jobs Tax Credit, and/or Quality Jobs Tax Credit as outlined in O.C.G.A §§48-7-40, 48-7-40.1, and…
Read MoreBlunt Wraps Refunds Still Linger in CA
California recently amended its definition of what constitutes a taxable “tobacco product.” California taxes “tobacco products” which was defined as “all forms of cigars, smoking tobacco, chewing tobacco, snuff, and any . . . products made of, or containing at least 50 percent, tobacco.” This meant that certain products, such as blunt wraps, or cigar…
Read MoreGeorgia Department of Revenue Issues Guidance on Supplies Consumed During Intercoastal Trade
The Georgia Department of Revenue has issued a guidance addressing whether a Taxpayer’s purchases of the certain items are subject to Georgia sales and use tax if the items are purchased for use or consumption aboard ships plying the high seas in intercoastal trade. Taxpayer, a marine transportation company providing inland and ocean towing services,…
Read MoreGeorgia Guidance Issued On Manufacturing Exemption
The Georgia Department of Revenue issued determination LR SUT 2017-19 on whether a taxpayer’s purchases of bulbs, lamps, and light fixtures were subject to Georgia sales and use tax. Specifically, the Department determined if bulbs, lamps, and light fixtures attached to a building or land qualify as manufacturing machinery or equipment. The taxpayer is a…
Read MoreCurrent Status of Hemp
Farmers in states where hemp is legal may be able to grow hemp under Section 7606 of the 2014 Farm Bill. In order to be in compliance, the farmer must be certified by and registered with the state department of agriculture and conducting research or a pilot program approved by the state department of agriculture.…
Read MoreGeorgia Department of Revenue Rules on Exemption Documentation Requirements
The Georgia Department of Revenue issued a LR SUT 2017-16 addressing whether a Taxpayer is required to collect Georgia sales and use tax on certain repair transactions when they receive a resale certificate or an exemption certificate indirectly through a third-party. The Taxpayer is a producer of truck bodies that are built and installed on…
Read MoreGeorgia Department of Revenue Issues Determination on Taxability of Admissions to Fine Arts Performances
The Georgia Department of Revenue issued a determination on whether a sale of tickets for admission to a performance was subject to Georgia sales and use tax. Taxpayer is exempt from federal income taxation pursuant to section 501(c)(3) of the Internal Revenue Code. Taxpayer enters into an agreement with a theater owner, whereby Taxpayer agrees…
Read MoreGeorgia Guidance Issued on Application of Sales and Use Tax for Charges for Market Research Reports and Services
Georgia has issued guidance LR SUT-2017-11 addressing whether market research reports and services are subject to Georgia sales tax. Specifically, the Department opined on the taxability of basic reports, online services, and custom studies. The Taxpayer requesting guidance is a market research company for the construction of new homes. Taxpayer has no offices in Georgia…
Read More