Maine Gov. Paul LePage has signed a budget bill makes various changes to personal income tax, property tax, hospital tax, real estate transfer tax, and tax administration provisions. Personal Income Tax The budget bill repeals the 3% personal income tax surcharge imposed on taxable income in excess of $200,000 that was approved by a statewide […]

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The budget battle continued over the July 4th holiday as the Illinois Senate approved and Gov. Bruce Rauner quickly vetoed legislation that would raise the corporate income tax rate from 5.25% to 7% and the personal income tax rate from 3.75% to 4.95% beginning July 1, 2017. The tax legislation would also, among other changes, […]

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The California Department of Tax and Fee Administration (DTFA) announces that most taxes and fees previously administered by the Board of Equalization (BOE) have been transferred to the DTFA as of July 1, 2017. Those moves are a result of legislation recently enacted, as reported previously. (TAXDAY, 2017/06/28, S.5) The BOE will continue to perform […]

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Tax changes under the Ohio biennial budget bill involve an amnesty for certain tax types, and changes to severance, cigarette, tobacco products, utility excise, and property taxes, as well as the hospital care assurance assessment. Sales tax changes (TAXDAY, 2017/07/05, S.23) and income tax changes (TAXDAY, 2017/07/05, S.24) are discussed in separate stories. Tax Amnesty […]

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Ohio Gov. John Kasich has signed the 2018-19 Ohio budget, which eliminates some personal income tax rates and makes other income and public utility excise tax changes. The governor also released his veto message detailing the portions of the budget that he vetoed. Sales tax changes (TAXDAY, 2017/07/05, S.23) and property tax changes (TAXDAY, 2017/07/05, […]

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Ohio Gov. John R. Kasich has signed the fiscal year 2018-2019 state budget, which expands the presumption of “substantial nexus” and authorizes additional exemptions and local taxes. Substantial nexus Beginning January 1, 2018, a seller is deemed to have substantial nexus with Ohio if it uses in-state software to sell or lease tangible personal property […]

The post Ohio ~ Sales and Use Tax: Budget Bill Enacts Expands Nexus Provision, Authorizes Tax Holiday, and Revises Local Taxes appeared first on Tax & Accounting Blog.