Senate Bill 1093 that continues efforts to reduce the state’s commercial property tax assessment ratio to 15 % over the next five years passed the Senate last month with bipartisan support and is headed to a vote of the House. ...
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Agriculture, Arizona, Industrial, Rental Equipment
Arizona Sales Tax Exemption on Used, Leased and Off-Highway Ag Equipment Advances at Capital
PHOENIX — Far West Equipment Dealers President and CEO Joani Woelfel, and Tim Robinson, Agricultural Manager for Empire Caterpillar and owner of Iron City Polaris, testified Feb. 2 at the Arizona State Capitol to advance House Bill 2400 and Senate ...
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Agriculture, Energy and Fuel, Hardware and Software, Industrial, Outdoor Power Equipment, Rental Equipment
Year-end Tax Planning
Now that we’ve lived under the Tax Cuts and Jobs Act (TCJA) for several years, let’s look at what we’ve learned about how to take full advantage of its provisions. Here are some moves to consider: Itemized Deductions - Because of the ...
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Agriculture, Arizona, California, Colorado, Energy and Fuel, Hardware and Software, Hawaii, Industrial, Nevada, Outdoor Power Equipment, Rental Equipment, Utah, Wyoming
Legislative Changes Could Impact Your Taxes, View Guide for Help
2021 has brought with it many legislative changes including the passage of the Infrastructure Investment and Jobs Act and currently, the Build Back Better Act (BBBA) is being sorted out in Congress. With these changes and the potential impact of ...
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Arizona, California, Colorado, Hawaii, Nevada, Utah, Wyoming
Tax Increase Passes House, Vaccine Mandate in Limbo, and Redistricting Could Benefit GOP
Tax Increases Pass House, Senate Fate Uncertain Ahead of Thanksgiving, the House passed President Biden’s “Build Back Better Act,” a $1.75 trillion bill (H.R. 5376), which included several tax increases. No Republicans voted for the 2,100-plus page bill. Now before the ...
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Ballot Initiative #27 known as the “Property Tax Assessment Rate Reduction” has been determined by the Secretary of State to qualify for the 2021 statewide ballot. The goal of Initiative 27 is “to reduce the residential property tax assessment rate from 7.15% ...
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Agriculture, Arizona, California, Colorado, Energy and Fuel, Hardware and Software, Hawaii, Industrial, Nevada, Outdoor Power Equipment, Rental Equipment, Utah, Wyoming
Tax Workshops & Webinars Offered by State
ARIZONA Business Tax Workshops This is a course on transaction privilege tax basics for businesses. The topics include Licensing and Reporting, Location Based Reporting, Tax Rates, Exemption Certificates, Exemptions and Deduction Codes, Added Tax versus Tax Factoring and Calculating and Reporting Tax. ...
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Agriculture, Arizona, California, Colorado, Energy and Fuel, Hawaii, Industrial, Industry News, Nevada, Outdoor Power Equipment, Rental Equipment, Utah, Wyoming
Wayfair Chart – Sales Tax & Selling Out of State
With last year's Wayfair ruling on sales tax collection, dealers can expect heightened enforcement actions in the coming year. The ruling tied sales tax collection to the amount sales and number of transactions.
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California AB 468 would repeal all major business tax incentives by December 2023, if certain conditions are not met, and result in one of the largest tax increases in recent years.
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Agriculture, Arizona, California, Colorado, Energy and Fuel, Hawaii, Industrial, Industry News, Nevada, Outdoor Power Equipment, Utah, Wyoming
Sales Tax & Selling to Out of State Customers
By Lance Formwalt A New Sheriff is Coming to Town If your dealership is located close to a state border or if you’ve expanded your operations and own dealerships in multiple states, you are well aware of the pain that comes ...
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