Gail Cole

Come August 2024, the Sooner state will cut back by providing a partial sales tax exemption for food for home consumption.

Collecting, validating, storing, and renewing exemption certificates is a challenge for many tax and finance departments.

A sales tax holiday is a time when consumers don’t pay sales tax on eligible purchases of certain normally taxable goods. A vacation from sales tax, if you will.

Firearms and ammunition are already subject to New York sales tax. If New York State Senate Bill 7733 is enacted, it will place an additional excise tax on the sale of firearms and ammunition.

The start of a month typically brings some number of tax-related changes. Some of the standouts for December 2023 are described below.

The Bottle Bill imposes redeemable recycling fees on aluminum, bimetal, glass, and plastic beverage containers.

For a variety of reasons, sales tax compliance in certain states takes more time and causes more headaches than sales tax compliance in others.

California’s new gun tax is similar to the federal firearms and ammunition excise tax (FAET), which was first implemented in 1919 and is administered by the Alcohol and Tobacco Tax and Trade Bureau.

Is the sale of an NFT subject to tax? Should it be? While lawmakers and tax officials worldwide have at least 91.8 million reasons to ensure tax laws account for sales of NFTs and other new tech, crafting tax policies for NFTs is difficult.

Having a physical presence in a state is a surefire way to create nexus, but you can also have nexus in states where you don’t have a physical presence. 

In the United States alone, there are thousands of locally administered accommodations taxes. According to the State Tax Research Institute, “state and local accommodations taxes exhibit even greater diversity.” 

Is shipping taxable? Just as there’s no one way to get products into the hands of customers, there’s no one way to tax delivery charges: Taxability varies by state and is influenced by the delivery method.