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Sales tax and streaming services

TaxConnex

Digital products” are generally taxable in Alabama, Connecticut, Idaho, Iowa, Kentucky, Louisiana, Minnesota, Mississippi, Nebraska, North Carolina, Ohio, Utah, Vermont, Wisconsin and Wyoming. Louisiana joined them this year, and Maine is toying with the idea.

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Future sales tax trends

TaxConnex

Lawmakers in Louisiana, however, opted to give their state one of the highest combined sales taxes in the nation by passing simultaneous tax cuts on personal and corporate income tax and hiking the states sales tax to 5% (at least for the rest of this decade). New Jersey is reportedly considering a similar move.

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Why are some states’ sale taxes higher than others?

TaxConnex

Why do the states with sales taxes have such a range, from the high combined state and local taxation (pushing 10%) of Louisiana, Tennessee, Arkansas and Washington to the lows of Alaska , Wyoming and Maine. The federal income tax has just seven brackets to cover the whole span of what somebody can make.

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Wayfair’s 7th birthday: Sales tax changes continue

TaxConnex

Some states continue to sales tax obligations even tougher with “ home rule ,” under which jurisdictions can pass their own, additional tax laws in such states as Alaska, Louisiana and Colorado, among others. In Colorado , for example, home rule jurisdictions can set both their own sales tax administration and their own sales tax bases.

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IRS Offers Tax Deadline Extensions for Louisiana Due to Hurricane Francine

CPA Practice

The Internal Revenue Service is offering tax deadline relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. This means that individuals and households that reside or have a business, anywhere in Louisiana, qualify for tax relief. 10, 2024, through Feb.

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2024: What’s coming up in sales tax

TaxConnex

States expected to be hit hardest by falling sales tax revenue are Idaho, South Dakota, Louisiana, South Carolina and Florida. In 2021, Wisconsin and Maine both removed their transaction threshold; in 2023, South Dakota and Louisiana joined suit. Delivery fees “Sales taxes” are starting to take different forms.

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States with local economic nexus - a review

TaxConnex

Other states such as Alabama, Colorado and Louisiana have home-rule jurisdictions where separate returns may need to be filed at the local level. This has created such a complex system that Louisiana is actually being sued by an Arizona online retailer for the state’s sales tax “compliance nightmare.

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