Legislation has been enacted that modifies various provisions relating to local Missouri sales taxes, as discussed below. Zoological sales tax: The legislation provides that a local sales tax approved after August 28, 2017, by voters in St. Louis City or St. Louis County for the purpose of funding zoological activities and zoological facilities must not […]

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The Tax Court has ruled that cash-method taxpayers are allowed to make an election under Code Sec. 468 to currently deduct estimated reclamation, closure and post-closure costs with respect to mining and solid waste disposal property before they are paid. Contrary, to the IRS’s position, the election is not limited to accrual-basis taxpayers. The text […]

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Senate Republicans will be unveiling the text of their revised Patient Protection and Affordable Care Act (ACA) (P.L. P.L. 111-148) repeal and replace bill on July 13, Senate Majority Leader Mitch McConnell, R-Ky., told reporters in a July 11 press briefing. A score from the Congressional Budget Office (CBO) is expected early next week, he […]

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Legislation has been enacted that extends Washington sales and use tax to remote sellers, “marketplace facilitators,” and “referrers” that meet certain criteria and expands economic nexus provisions. Nexus Beginning January 1, 2018, remote sellers, marketplace facilitators, and referrers must elect to either remit sales or use tax or comply with certain notice and reporting requirements. […]

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Legislation has been enacted that generally conforms Hawaii corporate and personal income tax laws to the Internal Revenue Code (IRC) as amended as of December 31, 2016, for taxable years beginning after December 31, 2016. Previously, Hawaii generally conformed to the IRC as amended as of December 31, 2015, for taxable years beginning after December […]

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Effective September 1, 2017, the tax on Delaware cigarettes is increased to $2.10 (currently, $1.60) per pack of 20 cigarettes. The tax on all tobacco products other than vapor products, moist snuff, and cigarettes is increased from 15% of the wholesale price to 30% of the wholesale price, and the tax on moist snuff is […]

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