Tax & Accounting Blog

SC Supreme Court Considering Sales Tax Exemption Case

SC Supreme Court Considering Sales Tax Exemption Case

The South Carolina Supreme Court is currently considering arguments in a case filed by Mathew Bodman that could eliminate the state’s 78 sales tax exemptions. The suit argues that the exemptions and tax caps contained in  S.C. Code Ann. §§ 12-36-2110 and 12-36-2120 are unconstitutional and should be removed. According to the plaintiff, the statutes’ tax … Read More

Maine Includes Medical Marijuana Brownies Under Prepared Food Rate

Maine Includes Medical Marijuana Brownies Under Prepared Food Rate

When Maine first approved medical marijuana, it was decided that marijuana provided for medical purposes would be subject to the 5 percent state sales tax.  Now, lawmakers have issued an opinion that  brownies including medicinal marijuana fall under the higher prepared food rate of 7 percent.  Opponents are upset, saying that medicine should not be … Read More

Washington Governor Proposes Half-Cent State Sales Tax Increase

Washington Governor Proposes Half-Cent State Sales Tax Increase

Washington’s Governor is asking for a vote on a temporary half-cent increase to the state sales tax rate, making the rate 7 percent.  This temporary measure would last for three years, mostly going towards education and a portion going towards public services.  Last year voters rejected several tax increases but the governor says that residents … Read More