article thumbnail

Sales tax and nonprofits

TaxConnex

Definitions For Federal income tax purposes, according to the IRS , tax-exempt organizations include: Charitable: Organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational or other specified purposes.

Sales 147
article thumbnail

What's new in state sales and use taxes

TaxConnex

The state made permanent the sales and use tax exemption for tangible personal property sold to or used by a hospital owner that owns one or more hospitals licensed under the Hospital Licensing Act or operated under the University of Illinois Hospital Act, or a hospital affiliate that is not already exempt and meets the criteria for an exemption.

Sales 177
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Midwest and Mountain West Saw Biggest Income Gains Over Last 4 Years

CPA Practice

The oil and gas industry boosted the per capita incomes for residents of North and South Dakota. Mountain states such as Utah saw high earners moving in from California, Oregon and Texas. States where inflation-adjusted income declined included Alaska, where oil drilling has been in long-term decline, as well as Georgia and Maryland.

article thumbnail

Heads Up! Payroll Changes Coming in July

ThomsonReuters

The following local income tax rates will increase on July 1: (1) Cridersville increases to 1.5% Beginning July 1, businesses must use the updated Form TC-69 (Utah State Business and Tax Registration). Form TC-69 is used to register for various tax licenses including the employer withholding license.

payroll 72