- Sales tax changes occur frequently, especially around July 1st, as many states start their fiscal year.
- Businesses need to stay informed about legislative changes to manage sales tax obligations effectively.
- Utah will remove the 200 transaction threshold for economic nexus, affecting registration requirements.
- South Dakota will eliminate the electronic filing tax allowance credit from July 1, 2025, to June 30, 2028.
- The US Treasury will stop producing pennies, requiring transactions to be rounded to the nearest nickel.
- Louisiana will tax shipping as part of the sales price unless the item is exempt or nontaxable.
- Kansas will fully exempt grocery items from sales tax starting in 2025.
- Mississippi will reduce the sales tax rate on grocery products from 7 percent to 5 percent effective July 1, 2025.
- Maryland will begin taxing certain IT services starting July 1, 2025.
Source: taxjar.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.
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