In recent weeks, the cost of gas hit the highest recorded average price in history at $4.33 per gallon. Among the causes is the instability in the market due to the Russia-Ukraine War which was a factor that led gas prices to rise 48% in one year. In an effort to provide some relief to their residents, several states have implemented or are proposing various forms of relief from their respective state gas tax.
Read MoreFlorida Senate Bill 1382 is making its way through the legislative channels. Included in its language are provisions that prohibit taxpayers from submitting certain records in an audit protest within the administrative appeals levels as well as with a sales or use tax refund request.
Read MoreColorado’s House Committee on Appropriations overwhelmingly approved HB 22-1118, moving it forward to the Committee of the Whole. Among other provisions, the bill, which was introduced January 21, 2022, imposes penalties on frivolous sales and use tax refund claims filed with the CO DOR.
Read MoreOn March 10, 2022 the Virginia Tax Commissioner released a redacted letter ruling holding the responsible officer of a Virginia corporation individually liable for unpaid tax liabilities of the corporation.
Read MoreThe U.S. Supreme Court granted a petition for a writ of certiorari and will review a brief of opposition filed on February 25, 2022, in Cincinnati, Ohio by Lamar Advantage GP Company, LLC and Norton Outdoor Advertising, Inc. The question presented is whether a Cincinnati tax singling out billboards is subject to heightened scrutiny under the First Amendment.
Read MoreRecently approved House Bill 163, as amended by the Senate, is on its way to Governor Michelle Grisham’s desk for her signature. New Mexico legislators approved about $500 million in tax rebates, as well as other initiatives.
Read MoreKentucky Gov. Andy Beshear announced that he is providing immediate vehicle property tax relief and proposed a temporary 1% drop in the state sales tax.
Read MoreThe Colorado Department of Revenue announced that a strong boost in the state’s economy caused Colorado to exceed their revenue cap in 2021, and they must now provide refunds from the surplus.
Read MoreRecent court activity has reignited the constitutional controversy surrounding Pittsburgh’s nonresident athlete fee.
Read MoreIn February 2021, after House and Senate Bill amendments, and a veto by Governor Larry Hogan that was overridden, Maryland passed the nation’s first law subjecting digital advertising revenues to a gross receipts tax.
Read MoreLibertas is hosting a series of in-person, informal social gatherings to discuss notable tax issues that your company may be experiencing and to facilitate the opportunity to establish and further genuine connections.
Read MoreOn March 14, 2021, Maryland became the first state to enact a digital advertising tax, an unprecedented approach to regulating and taxing revenue derived from digital advertising services.
Read MoreThe New York Division of Tax Appeals granted an appeal from LendingTree, a Delaware-based company that connects potential borrowers and lenders through their online loan marketplace.
Read MoreGovernor Roy Cooper of North Carolina signed a new state budget for the next two years that will eventually eliminate the state’s 2.5% corporate income tax.
Read MoreJustice Andrew Borrok of the New York State Court in Manhattan denied Sotheby’s request to dismiss a case in which the New York attorney general alleges Sotheby’s helped a client obtain false resale exemption certificates.
Read MoreThe Illinois Department of Revenue issued a General Information Letter (GIL) that stated properly documented resale drop shipments are not included in Illinois sales tax economic nexus thresholds.
Read MorePeloton, the seller of at-home stationary workout bikes and associated digital training programs, has been accused of improperly charging sales tax and is now facing a class-action lawsuit.
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