Regulatory Analysis
As a part of amendments to the Alaska Remote Seller Uniform Code for ARSSTC member jurisdictions, the 200 transaction threshold for economic nexus will be removed effective January 1, 2025. From such date, a remote seller has economic nexus if their gross sales for products or services delivered in Alaska meets or exceeds one hundred […]
The City and Borough of Sitka Assembly has approved a resolution declaring November 29th & November 30th, 2024, as sales tax free days. This tax holiday applies to all sales made within the City and Borough, except any sale of fuel, alcoholic beverages, tobacco products, marijuana, and any sale which is part of a continuing […]
As a part of the November 2024 election in South Dakota, a citizen-initiated ballot measure (Measure 28) will ask voters whether to eliminate the state’s 4.2% sales and use tax on most food items. The proposed change would still allow sales tax on alcoholic beverages and prepared food. It would also allow local governments to […]
New Jersey recently enacted S-721. This law provides an exemption for the sale of certain investment metal bullion and coins and is effective starting January 1, 2025.
Alabama will exempt honeybees from state sales and use tax starting October 1. The exemption will also apply to honeybee “inputs” and “byproducts”. The exemption will not apply to local taxes, and is set to expire on September 30, 2029.
Alabama will exempt hearing aids from state sales and use tax starting October 1. The exemption will not apply to local taxes, and is set to expire September 30, 2029.
The City of Mekoryuk has completed the process to join the Alaska Remote Sellers Sales Tax Commission (ARSSTC). Sellers must begin collection on 10/1/2024 and forms for filing will be updated to include Mekoryuk on 11/1/2024.
Illinois Governor J.B. Pritzker signed House Bill 3144. In this legislation, Illinois eliminated its 1% grocery tax. However, despite eliminating the tax at the state level, Illinois will allow local authorities to impose their own grocery taxes. These changes will take effect January 1, 2026.
Starting September 1, 2024, Minnesota will impose a prepaid wireless 988 fee of $0.12 per transaction for prepaid wireless telecommunication services. This fee will be collected along with the previously established E911 and Telecommunications Access Minnesota (TAM) fees, for a combined $0.95 per transaction for prepaid wireless telecommunication services.
Oklahoma recently passed HB 1955 and SB 1283, exempting the state level sales tax on food and food ingredients. While this exemption applies to state level tax, there is no change to local level taxes (i.e., county, city and district level taxes). This change is to take effect on August 29, 2024. For the purpose […]
New Jersey has approved Assembly Bill 4702 which eliminates the sales and use tax exemption for zero emission vehicles in two phases. Specifically, a special reduced rate of 3.3125% applies from October 2024 through June 2025 and starting on July 1, 2025, tax applies at the standard rate of 6.625%. For more information click here.
In a surprise move, New Jersey has approved Assembly Bill 4702, which repeals the annual sales tax holiday established by P.L.2022, c.21. This means that the tax holiday which was slated to take place from August 24 to September 2 which would have enabled a temporary tax exemption for computers, school computer supplies, school supplies, […]
Starting July 1, 2024, Wyoming will remove the 200 or more separate transactions threshold for establishing economic nexus. Going forward, the sole criterion to establish economic nexus will be whether sellers receive gross revenue from sales of more than $100,000 into Wyoming for the calendar year or the immediately preceding calendar year. More information can […]
Under H. 887, Vermont will tax prewritten remotely accessed software (i.e. “SaaS”), effective July 1.
The 2024 Massachusetts Sales Tax Holiday will be held on Saturday, August 10 and Sunday, August 11. Most retail items of up to $2,500, purchased in Massachusetts for personal use on these two days, will be exempt from sales tax. For more information click here.
As part of Senate Bill 362, the “Budget Reconciliation and Financing Act of 2024,” Maryland has, among a variety of changes, increased the sales and use tax rate on the sale of electronic devices, including vaping liquid sold in a container that contains more than 5ml of vaping liquid. Effective July 1, 2024, the sales […]
Minnesota’s new Retail Delivery Fee, the “Road Improvement and Food Delivery Fee,” takes effect July 1, 2024. Retailers will be subject to a $0.50 fee on certain transactions that are $100 or more and involve a “retail delivery” in Minnesota. This includes retail deliveries of taxable tangible goods, as well as retail deliveries of clothing. […]
The North Dakota Office of State Tax Commissioner recently announced local tax changes effective July 1, 2024. Such changes include a sales tax rate increase in the City of Mapleton and removal of the maximum tax cap, as well as a sales tax rate increase in the City of Rolla. More information may be found […]