Tax & Accounting Blog

Internet Sales Tax Bill Passes in U.S. Senate

Internet Sales Tax Bill Passes in U.S. Senate

On Monday, May 6th, 2013 the Senate voted 69-27 approving the collection of sales tax from retailers with no physical presence in a state. This bill will move to the House of Representatives for voting where if approved the President has indicated “he would sign it into law” . Source: http://www.pcworld.com/article/2038026/us-senate-approves-internet-sales-tax.htmlRead More

Michigan Exempts Taxes on New Construction on Development Property

Michigan Exempts Taxes on New Construction on Development Property

The State Tax Commission released a bulletin explaining Public Act 494 of 2012, which exempts new construction on development property from school operating taxes levied after November 1, 2012 for three years or until the construction is not located on development property.  For more information, such as exemption filing information, read the bulletin here: Read More