Routt County’s sales tax revenues are coming in at 170% of what was budgeted for March, a windfall of an additional $500,000 in March alone.John F. Russell/Steamboat Pilot & Today Sales tax revenues are continuing to come in higher than budgeted for both the city of Steamboat Springs and Routt […]
tax
Rogers presents to Juneau Chamber the status of food sales tax exemption
Finance Director Rogers during Chamber Luncheon (KINY / Kevin Allen.) Juneau, Alaska (KINY) – The Juneau Assembly continues to explore the proposal to remove the sales tax on food, and Juneau’s Finance Director laid out the current options being discussed to cover the revune loss during the Chamber of Commerce’s […]
Recordation Tax Definition
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What Is Recordation Tax? Recordation tax is an excise tax imposed by certain states as compensation for registering the purchase or sale of property as public record. It is collected by the county where the transaction takes place, with rates and rules varying depending on each jurisdiction’s tax laws. Key […]
Kelly promises to sign bipartisan bill eliminating state’s sales tax on food by 2025
TOPEKA — Gov. Laura Kelly pledged to sign a bill approved Thursday by the Legislature gradually eliminating the state’s 6.5% sales tax on groceries by January 2025. Kelly and Democratic legislators pressed for an immediate end to the state’s sales tax to food purchases, but Republican leadership in the House […]
City of Olympia votes on a sales tax increase for arts initiatives
If the initiative passes, Olympia would become the second city in the state with a cultural access program funded by sales tax. (St. Louis was the first in the U.S. to establish a special tax district, in 1969, to support the local art museum, zoo and museum of science.) In […]
UK Government Considers Case for New Online Sales Tax | Cooley LLP
The UK government has launched a consultation on a potential new online sales tax (OST). As a novel and potentially complex tax on the digital economy, an OST presents a number of challenges in terms of scoping and design which it may be difficult for the government to overcome. Background […]
‘If not now, then when?’ Demings pitches Orange transportation sales tax amid high fuel prices
ORANGE COUNTY, Fla. – Orange County Mayor Jerry Demings is relaunching his transportation initiative, working to gain support for his one-cent sales tax hike proposal. The revenue would be dedicated to enhanced transportation projects including expanded SunRail and public bus stops. Demings also said the initiative would address issues with […]
Tax Break for Certain Medical Billing Services in Texas | Sheppard Mullin Richter & Hampton LLP
Texas HB 1445, which went into effect on January 1, 2022, exempts medical billing services performed before the submission of the relevant insurance claim from state sales tax. The new legislation legally exempts medical billing services from the statutory definition of taxable “insurance services.” Practically speaking, this relieves management services companies, and […]
St. Cloud to ask voters to approve new sales tax for road projects
ST. CLOUD — City officials here are looking to reduce traffic congestion and enhance economic development by overhauling four regionally significant roads — and plan to ask voters to approve a sales tax pay for it. The St. Cloud City Council on Monday unanimously approved asking the Legislature for permission […]
Sale of Software License is Exempt from Royalty Tax in India
The Pune Income-tax Appellate Tribunal (Tribunal) issued a ruling in the case of BMC Software Asia Pacific Pte Ltd. (taxpayer), relating to a Singapore-registered company which received income from the sale of software licenses and support, maintenance and training services rendered in connection with software licenses being sold directly or […]
Rochester sales tax extension passes first vote – Post Bulletin
ROCHESTER – Minnesota lawmakers will be asked to allow Rochester residents to vote on whether to extend the city’s 0.5% sales tax. “This is the start of our conversation with the Legislature,” Rochester Deputy City Administrator Aaron Parrish said of the request that was approved in a 6-1 Rochester City […]
Rochester sales tax extension talks moving forward – Post Bulletin
ROCHESTER – A proposal to extend the city’s 0.5% sales tax into 2040 received initial support Monday. At least five of seven Rochester City Council members voiced support for four proposed projects that would extend the existing tax by an estimated 16 years if approved in a citywide election. “If […]