The Arkansas Supreme Court held that a furniture and electronics retailer’s weekly and semi-monthly rent-to-own leases are subject to the excise tax on short-term – less than 30 days – rentals of tangible personal property. Under the retailer’s rental-purchase agreements, customers select an initial rental term of monthly, semi-monthly, or weekly. At the end of
tangible personal property
California OTA Finds True Object of Elective Ultrasound is the Pictures of the Baby, Not the Service
By Todd Betor & Elizabeth Cha on
Posted in California
In a pending precedential decision, the California Office of Tax Appeals (OTA) held that the true object of a taxpayer’s prenatal imaging business involving elective 3D and 4D ultrasound services is the sale of images captured on tangible medium such as photos, CDs and DVDs. Thus, receipts from such sales are subject to sales…
Oregon GRT on Personal Information Bill Introduced
By Nikki Dobay, Charlie Kearns & Samantha Trencs on
Posted in Policy and Legislation
On January 11, 2021, H.B. 2392 was introduced in Oregon, which if passed would impose 5% gross receipts tax on the sale of “taxable personal information” of individuals located in the state, which is sold in Oregon. The definition of “personal information” (PI) includes “information that identifies, relates to, describes or is capable of being…