- The proposed amendments to California’s sales and use tax regulations aim to clarify the taxation of software transactions, especially those involving Technology Transfer Agreements (TTAs). The changes seek to define key terms, establish clear presumptions, and provide simplified methods for determining the taxable value of tangible personal property in software transactions. The goal is to ensure consistent and fair tax application, reduce disputes, and align regulations with legal precedents. Taxpayers should remain diligent in understanding the evolving legal landscape as it applies to software sold with hardware in California.
Source: jdsupra.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.
Latest Posts in "United States"
- Washington Issues Tax Guidance for Pre-October 2025 Service Contracts Affected by New Legislation
- State-by-State Guide: Is Restaurant Food Taxable? Understanding Sales Tax on Prepared Meals
- Louisiana Sales and Use Tax on Digital Products and Services: August 2025 Update
- Illinois DOR Releases Updated Guidance on Destination-Based Sales Tax Collection and Remittance
- Florida Announces Sales Tax Holiday for Outdoor Gear, Sept. 8 – Dec. 31, 2025
