Tax & Accounting Blog

A New Excise Tax May Replace Taxes Lost To a New Energy Tax Exemption in Augusta

A New Excise Tax May Replace Taxes Lost To a New Energy Tax Exemption in Augusta

The city of Augusta recently enacted an exemption on taxes applicable to energy used in the process of manufacturing goods.  This exemption was a big bonus for Augusta manufacturers. It represents a promise to make the state of Georgia more competitive in manufacturing, which will hopefully increase corporate investments and decrease unemployment. Its impact on local … Read More

Rhode Island Increases Taxes on Transportation Services

Rhode Island Increases Taxes on Transportation Services

Beginning 1 October 2012, Rhode Island’s 7 percent sales and use tax will apply to taxicab, limousine, charter bus, and all other ground passenger transportation services. The tax shall apply to point-to-point ground transportation, but does not apply scenic or sightseeing tours. This tax expansion was actively fought against by the Taxi Owners Association of … Read More

Three California Counties Get Sales Tax Relief After Wildfires

Three California Counties Get Sales Tax Relief After Wildfires

 The California State Board of Equalization will give relief to people impacted by wildfires in Plumas, Shasta and Tehama counties. Governor Edmund G. Brown Jr. issued an emergency proclamation on 22 August 2012 for these three counties.  Recent wildfires in these areas have destroyed homes, threatened thousands of other structures and caused evacuations and road closures. This … Read More

Some Californians Spend Big Online Before New Sales Tax Begins

Some Californians Spend Big Online Before New Sales Tax Begins

Amazon.com and other Internet retailers will begin collecting sales and use tax on purchases by California residents beginning Saturday 8 September 2012. Seeing the tax increase coming, many tech-savvy consumers are trying to cram in some last-minute tax-free shopping.  Depending on where they live, Californians pay 7.25 to 9.75 percent in sales taxes, making these tax savings … Read More

Overriding Veto Could Effect 122 Thousand Vehicle Sales

Overriding Veto Could Effect 122 Thousand Vehicle Sales

Jay Nixon, Governor of Missouri, says that more than 120,000 Missouri residents could face a retroactive tax if legislators override his veto of a bill related to local taxes on out of state vehicle purchases.  Nixon released this information in a letter sent out Monday to Missouri legislators, who convene 12 September 2012 to consider … Read More