Regulatory Analysis
The City and Borough of Sitka Assembly has approved a resolution declaring November 28th & November 29th, 2025, as sales tax free days. This tax holiday applies to all sales made within the City and Borough, except for sales of fuel, alcoholic beverages, tobacco products, marijuana, and any sale which is part of a continuing […]
Massachusetts has established mandatory annual reporting requirements for motor vehicle insurers making payments to repair shops, effective for payments made on or after January 1, 2025. Under 830 CMR 62C.8.2, promulgated August 1, 2025, insurers must file electronic information returns with the Commissioner and furnish copies to repair shops. The regulation requires reporting of all […]
The IRS has released an updated Publication 5718, outlining specifications for the Information Returns Intake System (IRIS) A2A electronic filing process for tax year 2025 returns. This update introduces key technical changes to improve transmission accuracy and expand functionality for additional 1099-series forms. Notably, Form 1099-H has been removed, while Forms 1042-S, 1099-DA, and 5498-QA […]
Louisiana has recently published new guidance regarding sales and use taxes on digital products and services. This guidance provides clarification on the scope of new sales and use taxes imposed in January 2025 under legislative bills HB8 and HB10.
Effective October 1, 2025, the State of Florida will repeal the state sales tax on rent or license fees for the use of real property. The repeal affects a wide range of commercial rental properties, including office and retail spaces, warehouses, and self-storage units. However, this repeal does not apply to parking, docking or storage […]
Rhode Island recently passed legislation which imposes sales tax on short-term parking services. The term is defined to include parking services for less than one month. This will take effect on October 1, 2025. For more detail, please reference Advisory 2025-14 linked here.
Effective January 1, 2026, Colorado HB 1005, eliminates the sales tax vendor fee retailers may retain in connection with remitting and collecting sales tax. Previously, qualifying retailers may have kept a percentage of state sales tax collections each month for administrative costs associated with remitting and collecting sales tax. Further information about the legislation may […]
The IRS has released a draft 2026 Form W-2 that introduces significant changes to support the One Big Beautiful Bill Act (OBBBA) overtime and tips tax deduction provisions. The draft form adds a new reporting field to report the occupation of tipped employees and three new Box 12 codes to report Trump Account contributions, qualified […]
Maine has released draft specifications for the electronic filing of the form with the state for tax year 2025. There are a few changes to the specifications, including a new field for reporting employee-paid paid family medical leave contributions in the RS record and a new state specific RT record. In addition, the specifications document […]
The IRS recently released an updated Publication 1141 (General Rules and Specifications for Substitute Forms W-2 and W-3). Publication 1141 provides the IRS and Social Security Administration requirements for the preparation and use of substitute Forms W-2 and W-3 for reporting wages paid during the calendar year. There are several notable updates. First, the guide […]
The IRS has released its revised Publication 1179 (General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, and Certain Other Information Returns). This publication provides comprehensive guidance for preparing substitute versions of official IRS information return forms. Most notably, the IRS has introduced Form 1099-DA for reporting digital asset transactions from brokers, reflecting […]
Localities in Virginia may impose a $0.05 bag fee on each disposable plastic bag provided to customers at check out. Locals need to pass an ordinance to impose such a fee. Richmond, Virginia approved Ordinance 2025-099 to impose a $0.05 bag fee on certain bags at check out, effective January 1, 2026. Further information concerning […]
The town of Clifton, Arizona has adjusted its tax code to establish a tiered use tax rate beginning October 1, 2025. For items $10,000 or less, the use tax rate will be 3%. For items greater than $10,000, the use tax rate will be 2%. Further information regarding this change may be found here.
The city of Maricopa, Arizona enacted an ordinance to increase the general transaction privilege tax rate by 0.50% beginning October 1, 2025. The increase does not apply to certain tax classes, including food for home consumption. Further information may be found here.
Effective September 1, Alabama will exempt qualifying baby supplies, baby formula, maternity clothing, and menstrual hygiene products from state sales and use tax. Further details may be found here.
The Missouri legislature passed HB 594, creating an exemption for diapers, feminine hygiene products and incontinence products. The exemption is set to begin on August 28, 2025. For definitions of each term, please reference the following statute: RSMo § 144.029.
The City of Kake has completed the process to join the Alaska Remote Sellers Sales Tax Commission (ARSSTC). Sellers must begin collection on 9/1/2025 and forms for filing will be updated to include Kake on 10/1/2025.
Effective July 10, 2025, Alaska HB 123 became law without the Governor’s signature. The legislation provides for a reduction in the Vehicle Rental Tax rate from 10% to 9% of the total fees and costs charged for the lease or rental of a passenger vehicle not arranged through a vehicle rental platform under AK Statutes 43.52.020.