AB 71 was introduced earlier this year (see our prior coverage here) to provide additional state funding for homelessness programs, derived – in part – from increasing taxes on business income. In March, AB 71 was amended to eliminate steep corporate tax increases. The bill as amended, however, still would require corporate taxpayers that
Connecticut Digital Advertising Services and Wage Tax Proposals Moving Forward
On April 22, 2021, the Connecticut General Assembly’s Joint Committee on Finance Revenue and Bonding (“Joint Committee”) approved a revised revenue bill (HB6443) to implement the Connecticut state budget. We have learned that the revised bill includes: (1) a new digital advertising services tax; and (2) a new wage compensation tax, whereby, at
Florida sends economic nexus and marketplace facilitator bill to the governor
On April 12, 2021, the Florida legislature presented S.B. 50 to Governor DeSantis, which would require sales tax collection from a person whose remote sales to Florida exceed $100,000 per year. It states that a person whose “taxable remote sales in the previous calendar year” exceed $100,000 has a “substantial number of remote sales” and
Legal Alert: Not enough lipstick – Maryland Legislature amends digital ads and digital products taxes
Maryland had previously enacted two important – and troubling – sets of tax changes: a new tax on digital advertising and a substantial expansion of its sales tax to digital products and services. As a result of several significant problems with both tax changes, the Maryland legislature just passed Senate Bill 787.
- S.B. 787 amends
Legal Alert: Georgia’s 2021 Sine Die – Thoughtful Policy Mixed With Last Minute Surprises and Everything In-Between
During the 2021 legislative session, the Georgia General Assembly passed key legislation, including conformity to the federal tax law, the elimination of deference to subregulatory interpretations of the Department of Revenue, the ability for pass-through entities to elect to pay state income tax at the entity level, temporary ad valorem relief for manufacturers, and significant
Arkansas introduces bill imposing sales tax on digital advertising revenue
On March 17, 2021, Arkansas introduced S.B. 558, which would impose Arkansas sales tax on advertising revenue from social-media platforms that have annual gross revenue from social-media advertising services in Arkansas of at least $500,000. The bill amends the sales tax statute to include a new subchapter imposing a 7% sales tax on a
Webcast: SALT Legislative Update
In this legislative webcast, Eversheds Sutherland Partners Nikki Dobay, Charlie Kearns, Todd Lard and Associate Samantha Trencs discuss various state legislation that has been enacted, proposed and is still moving, as well as the proposals that died in Q1.
View the presentation slides here.
Nevada Senate introduces bill to impose excise tax on specified digital products and satellite television service
On March 24, 2021, the Nevada Senate introduced Senate Bill No. 346, which would impose an excise tax on the retail sale of specified digital products to an end user in Nevada. “Specified digital products” is defined as electronically transferred digital audio works, digital audio-visual works, digital books, digital codes, and other digital products.
Is Expansion of the Sales Tax Base the Solution?
In this episode of the SALT Shaker Podcast policy series, Doug Lindholm, president and executive director of the Council On State Taxation (COST), joins host Nikki Dobay to discuss sales tax base and whether expansion of that base is modernization.
The Eversheds Sutherland State and Local Tax team has been engaged in state tax
Legal Alert: Georgia Legislature Approves Taxpayer Fairness Act Limiting Administrative Deference
On March 22, 2021, the Georgia House of Representatives passed SB 185, which now heads to the Governor’s desk. The measure, which was previously unanimously passed by the state Senate, seeks to level the playing field in state tax litigation matters by reducing the level of deference accorded to the Department of Revenue’s interpretations