On June 30, Mississippi became the latest state to enact a marketplace facilitator law after Governor Tate Reeves signed House Bill 379, also known as the “Mississippi Marketplace Facilitator Act of 2020.” The law requires most marketplace facilitators to collect sales and use tax on behalf of marketplace sellers beginning on July 1, 2020.
Legislative
State tax legislative proposals and activities
Tennessee Enacts Lower Remote Seller and Marketplace Sales Threshold
By Jonathan Feldman on
Posted in Marketplace
On June 30, Tennessee’s governor signed SB 2932 into law as Public Chapter 759. Effective October 1, 2020, the law requires a dealer or marketplace facilitator with no physical presence in the state and $100,000 in total sales in the state in the previous 12 months to register and collect sales and use tax. The…
New York Proposes 10% Digital Advertising Tax
By Jonathan Feldman on
Posted in Digital Economy, New York
The New York State Assembly will consider AB 10706, the Digital Ad Tax Act or DATA, which would impose a sliding scale of taxes on digital advertising services that use personal information about the people the advertisements are targeting. The tax starts at 2.5% imposed on the annual gross revenues derived from digital advertising…
DC Council Considers Advertising and Personal Information Sales Taxes
Posted in Digital Economy, Legal Alert
The D.C. Council is considering a new sales tax on advertising services, including digital advertising services, and personal information.
- On July 6th, the D.C. Council released the Committee Print of the Fiscal Year 2021 Budget Support Act of 2020, which includes a sales tax expansion to those services beginning October 1, 2020 at the reduced
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Vermont Legislature Addressing Several Digital Tax Issues in Miscellaneous Tax Bill
By Jonathan Feldman on
Posted in Digital Economy
Vermont H. 954, a collection of miscellaneous tax proposals, includes several digital taxation proposals. Vermont currently charges a 2.4% “universal service charge” on the sale of prepaid wireless telecommunication services. H. 954 would require marketplace facilitators collecting the corresponding sales tax to also collect the universal service charge beginning July 1, 2021. Additionally, H.…
Georgia General Assembly Adjourns with New Tax Legislation
Posted in In the News, Legal Alert
Friday, June 26, 2020 was “Sine Die” or the 40th and final legislative day of the 2019–2020 legislative session at the Georgia General Assembly.
- The legislative session was suspended since March 13, 2020 but resumed earlier this month for the remaining 11 days of the legislative session.
- In the last days of the legislative session,
…
California Governor Signs Budget Bill Including Tax Increases
By Annie Rothschild & Timothy Gustafson on
Posted in California
Following up on our recent coverage of the California budget negotiations, on June 29th Governor Newsom signed a package of bills comprising the state’s budget for the 2020-2021 fiscal year. The budget package is composed of the primary budget bills, AB 89 and SB 74, along with numerous budget trailer bills. One trailer…
Mississippi Legislators Adopt Marketplace Facilitator Bill Conference Report
By Jonathan Feldman on
Posted in Marketplace
On June 19, the Mississippi House and Senate adopted the conference report on HB 379, bringing the state one step closer to adopting marketplace facilitator legislation. The bill would mandate marketplace facilitators to collect and remit tax on behalf of marketplace sellers if the facilitator makes more than $250,000 in sales into the state…
Louisiana House Advances Fantasy Sports Tax Bill
By Jonathan Feldman on
Posted in Digital Economy
The Louisiana House sent HB 64 to the Senate for consideration. The bill would impose an 8% tax on the net revenue of fantasy sports contests. Louisiana has until its special session ends on June 30 to pass the bill, which would take effect immediately.
Louisiana Enacts Marketplace Facilitator Legislation and Issues Related Guidance
By Jonathan Feldman on
Posted in Marketplace
On June 11, Louisiana’s Governor signed SB 138 into law. The law, which takes effect July 1, will mandate sales tax collection and remittance by marketplace facilitators with either $100,000 of in-state sales or 200 in-state transactions. The law (now known as Act 216) excludes from its requirements third-party payment processors, derivatives clearing organizations,…