Latest COST Conscious

ISSUE 18-15; July 20, 2018

Post-Wayfair Implementation – Since the U.S. Supreme Court issued its decision in South Dakota v. Wayfair on June 21, states have been reviewing their current laws, considering additional legislation and regulations, and proceeding toward implementation of remote seller collection. As expected, the states have not been proceeding in a uniform manner. COST is contacting states where appropriate to

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ISSUE 18-14; July 13, 2018

The Taxman Cometh: Mississippi Sales and Use Taxes in a Post-Wayfair World – In December 2017, the Mississippi Department of Revenue finalized a new sales and use tax regulation addressing remote sellers and establishing a $250,000 bright-line nexus standard. The department began that process in January 2017 by issuing a proposed regulation and refined it following a public hearing held in Februar

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Auditor General: Legal weed could mean $581M in state taxes

 

A recent report from Pennsylvania Auditor General Eugene DePasquale says regulating the illegal substance could be a major funding boon for the state. With legalized recreational marijuana use a...

Chicopee eyes tax deal to help develop apartments in Cabotville Mill

 

CHICOPEE - Tax break details for the redevelopment of the Cabotville Mill complex still have to be worked out, but city leaders are already looking beyond converting the old factory buildings into...

Taxes will contribute to people’s wellbeing

 

23:37 The State Tax Department of Surkhandarya region has organized a workshop in Termez on the essence and significance of changes and innovations in tax legislation. At the event, which was attended by heads and accountants of organizations and...

Just say ‘no’ to 6 NC amendments

 

The easiest way to push back against North Carolina’s rogue General Assembly is to vote against all six proposed constitutional amendments Like Congress and most modern American state...

Fitch: Trade conflict could lead to higher unemployment, lower income and lower state tax revenues

 

"US state budgets will not be much affected in the near term by additional tariffs on US-China trade," Fitch Ratings wrote in a recently published report...

Mysterious Russian businesswoman files for bankruptcy, disappears

 

A Russian-American businesswoman who filed for bankruptcy two weeks after she arrived in Westchester County has disappeared after federal authorities demanded evidence of her income and activities. ...

Walters: Diving into California’s shameful poverty crisis

 

‘Struggling to Stay Afloat’ delves into poverty not only at the state and county levels, but right down to neighborhoods. Seven years ago, the Census Bureau began calculating poverty by a new...

IRS Hits Back Against State Governments

 

The Internal Revenue Service (IRS) has taken a rigid stand against states searching for loopholes to bypass the new provisions. It has given a notice that the Treasury Department will clarify all deductibility of the local taxes and state taxes for...

Exchange Giving Away Exclusive Military Brat Patch, Free Treats at Back-to-School Events Worldwide

 

The Army and Air Force Exchange Service issued the following news release: To celebrate the start of a new school year, the Army & Air Force Exchange Service is saluting military children for their service and sacrifice with giveaways and in-store...

State of Wayfair: eBay ‘OK,’ No Material Impact Foreseen(1)

 

By Tripp Baltz After Wayfair , eBay’s OK. That’s the message Devin Wenig, president and CEO of the online marketplace, delivered about the groundbreaking U.S. Supreme Court decision during the...

updated Back-To-School Tax Free Weekend

 

(image: WPMI) Back to school tax free weekend MOBILE, Ala. (WPMI) —  Happening this weekend, you have the chance to save big when it comes getting your kids ready for the new school year. ...

Is your public pension safe? States with the best retirement funding

 

State governments spent close to $39 billion, or about $120 per capita, on retirement funding in 2015. For decades, the funding and distribution of pension funds for state government employees has...

Is your state pension plan safe?

 

State governments spent close to $39 billion, or about $120 per capita, on retirement funding in 2015. For decades, the funding and distribution of pension funds for state government employees has...

Do Supermajorities Really Stop Tax Hikes?

 

In an effort to protect conservative tax policy, Florida lawmakers are hoping to make their state the 15th with a supermajority requirement to raise taxes. The push has drawn  national attention...

Bill proposed to halt online tax collections

 

By KEVIN LANDRIGAN New Hampshire Union Leader July 19. 2018 7:48PM CONCORD — A high-powered task force wrapped up its work Thursday and proposed barriers to discourage other states from...

Karen Benke: Ask Transportation Commission to designate tax money to Northwest Rail

 

Taxpayers and voters: We need your help. The fate of the Northwest rail line is once again up in the air. I still believe the Northwest rail to Longmont will be built before 2042. But it will only...

State’s anticipated tax surplus comes in at $65 million

 

Gov. Phil Scott. File photo by Elizabeth Hewitt/VTDigger V ermont’s anticipated tax surplus from fiscal year 2018, which had been ballooning in recent months, came in at a total of $65 million, state officials reported this week. The surplus was no...

State of Wayfair: eBay ‘OK,’ No Material Impact Foreseen

 

By Tripp Baltz After Wayfair , eBay’s OK. That’s the message Devin Wenig, president and CEO of the online marketplace, delivered about the groundbreaking U.S. Supreme Court decision during the...

North Carolina: General Assembly proposes constitutional amendment to cap the income tax rate at seven percent

 

The North Carolina General Assembly has proposed amending the state’s constitution to cap the state income tax rate at 7 percent.  The measure proposing the change, Senate Bill 75, is entitled An Act...

Pre-K funding tax to be on November ballot in KC

 

KANSAS CITY, Mo. — If you live in Kansas City, Missouri, you already pay about 8.6 percent in combined state, county and city taxes. That rate could go up in November, when voters will decide on...

State income taxes will go up about $96 for 'Average Joe' even with $30 million tax break

 

SALT LAKE CITY — Utah's "average" taxpayers will still see about a $96 increase in their state income taxes next year, even with the Utah Legislature's new $30 million tax break for families. But...

Liberty Tax increases against the trend July 19, 2018 16:00 EDT

 

AMERICAN DAILY STOCK REPORT Liberty Tax Inc. (NASDAQ:TAX), the NASDAQ's 45th largest Consumer product/services company by market cap, has increased 5.0c (0.6%) from its last trading session of July 18 to close at $US8.45. Compared with the NASDAQ-100...