TaxConnex

AUGUST 22, 2023

Construction contractors have a tough job these days, given labor shortages, supply-chain headaches and mushrooming regulation. Generally, a business in the construction industry is performing a service, and most services are excluded from sales and use tax. Lump-sum and separated (itemized) contracts. Ditto in West Virginia.)

Construction 130

Construction Sales South Dakota Tax 130

TaxConnex

OCTOBER 29, 2020

If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. That might be true in some states but different states have different rules when it comes to construction services.

Construction 136

Construction Sales Tax South Dakota 136

TaxConnex

JULY 19, 2022

South Dakota v. The provisions of Wayfair allowed South Dakota to compel businesses with at least $100,000 in gross revenue sourced to the state of South Dakota to collect the applicable sales tax. Construction, manufacturing, leasing businesses … the list goes on.??. Supreme Court decided in?

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South Dakota Sales Tax tax consultant 213

TaxConnex

FEBRUARY 8, 2024

Colorado recently enacted a use tax exemption for construction materials used to build and renovate public schools across the state – and included localities, which can be rare in such a home-rule state which can dozens of smaller tax jurisdictions within it. 1, 2023, and perhaps will be reduced to 2% this coming Sept.

Sales 190

Sales Tax South Dakota Kentucky 190

TaxConnex

OCTOBER 13, 2020

New Mexico, Hawaii, and South Dakota tax a variety of services. If your service involves the construction of real property or the installation of property, there are a variety of issues you must concern yourself with. For example, a contractor must pay the tax on all the construction materials they purchase.

Sales 184

Sales South Dakota Tax Hawaii 184

PYMNTS

NOVEMBER 4, 2020

The states that approved legal sports betting were Maryland, South Dakota and Louisiana, while Virginia approved casino gambling in four locations, Nebraska authorized adding casino games for its horse race tracks, and Colorado added more types and numbers of games allowed at casinos and got rid of some wagering limits. “We

Sports 77

Sports South Dakota Gaming Gambling 77

CPA Practice

JULY 12, 2023

Typically, states also have a special SUI rate for construction companies. Plus, currently, nine states do not levy a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming, although Washington does impose a state capital gains tax.

income tax 98

income tax Tax South Dakota Alaska 98