Tax & Accounting Blog

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

Kentucky’s ‘Blue Ribbon Commission on Taxation’ is on the Clock

Kentucky’s ‘Blue Ribbon Commission on Taxation’ is on the Clock

Kentucky Gov. Beshear’s “Blue Ribbon Commission on Taxation” is due to deliver a finalized report of its recommendations for updating the state tax code. The Commission has held 14 hearings during the year, which included testimony from business leaders, tax experts, and other citizens. The Governor has acknowledged that passing a comprehensive tax reform within … Read More

December Sales and Use Tax Rate Changes

December Sales and Use Tax Rate Changes

December did not have a lot of changes, but we did implement new auto rental authorities and/or rates throughout several more states this month. Below you can reference a selection of the changes that took effect in December 2012: Rate Changes: Alabama: Dallas County 1.5% (Sales & Use), 0.75% (Agricultural and Auto), 1.25% (Manufacturing) – RDS has changed the … Read More