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What’s new in sales tax?

TaxConnex

Kansas no longer taxes delivery charges , as of July 1. New Jersey signed budget legislation that changes the state’s corporate tax regulations. Among the provisions was adoption of the state’s economic nexus sales tax thresholds (200-plus transactions or receipts of more than $100,000) for income tax purposes.

Sales 130
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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans.

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Some States Are Considering Shelving the Grocery Tax

CPA Practice

At least five of the 13 states where groceries were taxed as of last Jan. 1 passed laws to reduce, eliminate or ease the pinch—Kansas, Virginia, Illinois, Tennessee and Idaho. Grocery taxes that remain are “there for a reason. Kansas Gov. tax in stages. Efforts failed in several other states.

Idaho 111