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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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. October ...
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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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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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When the new tax law passed last December, a lot of attention was focused on the pro-taxpayer benefits of lower tax rates. As dealers and business owners, you rightfully focused on how the new tax law would affect your business ...
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On June 20, the U.S. Supreme Court ruled 5-4 that states can compel online retailers to collect and remit taxes for online purchases. This position reverses the 1992 Quill v. North Dakota ruling which said only a retailer with a ...
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