Tax & Accounting Blog

Alabama’s Second Annual ‘Severe Weather Preparedness’ Sales Tax Holiday

Alabama’s Second Annual ‘Severe Weather Preparedness’ Sales Tax Holiday

February 22-24, 2013, Alabama will be having their second annual ‘Severe Weather Preparedness’ Sales Tax Holiday.  In 2012 the sales tax holiday was held July 6-8, as legislation permitted, but from 2013 on, the sales tax holiday will be supported in February.  Counties, cities, and Alabama’s few local districts have the option to participate or not, but … Read More

Michigan Clarifies Reporting of Oil and Gas Personal Property

Michigan Clarifies Reporting of Oil and Gas Personal Property

Michigan’s State Tax Commission issued a bulletin to clarify reporting requirements for Oil and Gas Well properties. This bulletin includes how to properly report Oil and Gas personal property using Form 632 and how to determine the status of a well, using the Department of Environmental Quality Oil and Gas Database. Reportable costs and the … Read More

Connecticut Legislative Proposals

Connecticut Legislative Proposals

The Connecticut Department of Revenue Services (DRS) has released its annual list of legislative proposals, which include: – Tying all interest rates, either for under- or overpayment, to the IRC; – Require the collection of sales taxes by cigarette distributors and alcoholic beverage distributors on retail sales; – Allow the commissioner to impose civil penalties … Read More