Tax & Accounting Blog

Solar Panel Systems Exempt for Commercial Purposes in New York

Solar Panel Systems Exempt for Commercial Purposes in New York

 As of January 1, 2013, the sale and installation of solar energy systems equipment for commercial buildings are exempt from New York state sales taxes.  The sales and installation of these systems for residential purposes have been exempt since 2004.  Municipalities and cities in New York now also have the option to exempt these transactions … Read More

Resolute Forest Products Selects Thomson Reuters to Consolidate its Canadian and US Sales and Use Tax Determination

Resolute Forest Products Selects Thomson Reuters to Consolidate its Canadian and US Sales and Use Tax Determination

New York, January 8, 2013 – The Tax & Accounting business of Thomson Reuters announced today that Resolute Forest Products (http://www.resolutefp.com), has selected ONESOURCE Indirect Tax Determination to be the platform for its Canadian transaction taxes, and sales and use tax determination, calculation, and recording operations.  Full press releaseRead More

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

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