Tax & Accounting Blog

Connecticut has officially joined the ranks of states considering an Amazon Tax. The Finance, Revenue and Bonding Committee voted 38-14 on Thursday to adopt HB6624, an  “Amazon Law” patterned after a similar bill enacted in New York three years ago. If the legislation is passed as introduced the definition of retailer would be … Read More

The Tennessee Senate has passed S.B. 1520/H.B. 1992 which would delay the implementation of certain Streamlined Sales and Use Tax (SST) Agreement conformity provisions, which are currently scheduled to take effect on July 1, 2011 until July 1, 2013. Delayed provisions would include sourcing rules, single article cap limitations, and special user privilege … Read More

On April 4th Arkansas Governor Mike Beebe approved HJR 1001 which calls for a constitutional amendment to levy a temporary 0.5% sales and use tax to provide funding for state highways and bridges, county roads, bridges, and other surface transportation as well as other related projects. In order for the resolution to become … Read More

Connecticut Governor Dannel Malloy has proposed an increase to the state sales and use tax rate as part of his budget recommendations. His proposal would increase the rate from 6.0% to 6.35%, if it is ultimately put into effect. While this portion of the proposal has its supporters, opposition to this argues that further increasing the … Read More

Following a state Senate Health Committee meeting with physicians regarding the health effects of sweetened beverages some officials are entertaining the idea of taxing sodas. State Governor Neil Abercrombie had proposed a tax early in 2011 that would have levied a 25 cent fee on containers larger than 12 ounces and a 10 cent fee on smaller containers, … Read More

New York, April 5, 2011 — The Tax & Accounting business of Thomson Reuters has released ONESOURCE Indirect Tax reporting for fast, accurate, and flexible business intelligence reporting that is fully integrated with the ONESOURCE Indirect Tax global software suite. Supporting global indirect tax compliance, reconciliation, and data analysis needs, the solution also allows companies … Read More