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Alaska moves toward statewide sales tax

TaxConnex

Alaska Gov. Mike Dunleavy is reportedly preparing to introduce a sales tax as part of a long-term budget plan for the state. Five states don’t have a statewide sales tax: New Hampshire, Oregon, Montana, Alaska and Delaware (aka the “NOMAD” states). Vermont was the last state to adopt a sales tax, in 1969.

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State Sales and Use Tax Update

TaxConnex

A member state now must provide amnesty for uncollected or unpaid sales or use tax to a seller (who registers through the SST registration system for the state in which amnesty is sought) if the seller pays or collects and remits the applicable tax according with the terms of the SST Agreement.

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Can an eCommerce platform alone manage sales tax?

TaxConnex

Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. Who the customer is and what they’ll use the TPP for can create a sales tax exclusion, too, such as when selling to a church or government agency. Taxability. Yet again, this can vary.

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The latest on sales tax on shipping charges (part 1)

TaxConnex

Tax-free states. Deliveries into the five states that don’t have sales taxAlaska, Delaware, Montana, New Hampshire and Oregon – incur no state-mandated sales tax on the item or on shipping. Among states with sales tax, shipping generally incurs sales tax in the District of Columbia, Kansas and New Mexico.

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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. New sales taxes are progressing in some states but not all. Alaska, one of the few states still without a statewide sale tax, is considering one as it tries to close a projected revenue shortfall of $450 million heading into the next fiscal year.

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What's new in May for state sales and use taxes

TaxConnex

Early discussions bandied property taxes and temporary hikes in sales tax (Alaska doesn’t have a state-wide one). Exclusions include sales of the services in fulfillment of a lump-sum, fixed-fee contract, or a fixed-price sales contract executed on or before Feb. Then the $6.2 million shortfall landed. 25 this year.

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Mastering U.S. Federal Payroll Compliance

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

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