- States are forgoing $1.6 billion in tax revenue on sales tax holidays, which critics argue are ineffective and inefficient.
- The five states with the highest average combined state and local sales tax rates are Tennessee, Louisiana, Arkansas, Washington, and Alabama.
- Tennessee reported lower-than-estimated total revenues for August, while New York saw a 4% growth in local sales tax collections.
- Texas experienced an 8.4% increase in FY23 sales tax revenue, with online retail seeing a double-digit bump.
- California has clarified its marketplace facilitator laws and obligations.
- Georgia will require retailers to collect sales and use tax on in-state sales of digitally downloaded products.
- Louisiana faces complaints about its sales tax system from an out-of-state seller, but a court ruling and new legislation may resolve the issue.
- Louisiana will shift oversight of the state’s local sales and use tax return system to the Louisiana Uniform Local Sales Tax Board.
- Michigan has updated guidance on the taxation of computer software and digital goods.
- New Mexico has updated its gross receipts tax collection responsibilities for online marketplace providers and sellers.
Source: taxconnex.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
