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The Latest Breaking News from Sales Tax

Computer clicks on Monday can mean bucks in Kentucky's coffers

Lots of clicking on a computer keypad is likely to occur all across Kentucky Monday. It’s Cyber Monday and sales taxes will flow into state coffers. Kentucky collects those revenues from both in-state and out- of-state online purchases.

WEKU

CVS to reduce prices of menstrual products and cover the sales tax: ‘Women deserve quality’

‘We’ve reduced the price on CVS Health brand period products by 25 per cent in core CVS Pharmacy locations,’ the pharmacy said in a satement

The Independent UK

A provincial sales tax is the solution to Alberta's fiscal roller-coaster

With a new Alberta premier taking office in October and a general election required by the end of May 2023, fiscal policy may become a wedge issue between Alberta’s United Conservative Party and the NDP.

The Conversation

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Andhra Pradesh: Owners of fuel pumps close to Karnataka border at their wits’ end

As fuel is available for relatively lesser price in the neighbouring State, outlets in A.P. are forced to close shop, or make do with meagre sales

The Hindu

Here's How Xero And Avalara Are Bringing 'Peace Of Mind On Sales Tax'

Detroit-based Benzinga sent its team to New Orleans for Xerocon, Aug. 24-25. During that time, Benzinga sought to recognize the innovation in accounting technology and spoke with founders, investors and others.

Benzinga

Texas Gov. Greg Abbott joins other key Republicans in supporting repealing the “tampon tax”

Advocates have previously called for repealing the sales tax on products like tampons, sanitary pads and pantyliners. Menstrual products are already tax-free in 24 states.

The Texas Tribune

Illinois’ sales tax holiday on back-to-school gear starts Friday

The holiday, which reduces the state’s portion of sales tax on select supplies, clothing and footwear, will last through Aug. 14.

Chicago Sun-Times

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How to save on back-to-school items during tax-free shopping days

There’s no dispute that the cost of consumer goods is soaring. The U.S. inflation rate rose 9.1 percent for the 12 months ending June 2022. With rising prices across many sectors, the prospect of shopping for your child’s school items can be daunting. What was once economical may now be…

Tribune News Service

What is the “tampon tax”?

Twenty-nine states do not charge sales tax on menstrual products.

USAFacts

As prices rise, the push to end diaper taxes grows

To help inflation-plagued and struggling families ease the burden of buying necessities, several states are scrapping the sales tax on infant and adult diapers.

Tribune News Service

GST on essential items after States sought levy, aimed to check evasion: Official

Union Finance Minister Nirmala Sitharaman on July 19 stated that States levied sales tax or VAT on foodgrains in the pre-GST regime and the present levy on cereals, pulses, flour, curd and lassi is an exercise to curb tax leakage

The Hindu

Get rid of Illinois’ grocery sales tax to help low-income households

Households that are already burdened with the increasing costs of other necessities, such as housing, do not need this added stressor.

Chicago Sun-Times

Arizona voters to decide on sales tax to fund fire districts

The Arizona State Legislature voted to place a measure on the general election ballot to create a 0.1% sales tax, which would be levied from Dec. 31, 2022, to Dec. 31, 2042, that would fund fire districts.

Ballotpedia

RBI governor Shaktikanta Das bats for cut in state taxes on petrol, diesel

NEW DELHI: Lending support to the Union government's pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said a cut in VAT on fuel will help soften inflationary pressures as well as expectations.

The Times of India

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Reason

Rhode Island Becomes the 19th State To Legalize Recreational Marijuana

Meanwhile, Delaware's governor has blocked a more modest step, and a legalization initiative has qualified for the ballot in South Dakota.

The Hindu

Data | Will a cut in Centre’s excise duty on petrol reduce States’ sales tax revenue?

Data show that a drop in the Centre’s excise duty, regardless of the component deducted, reduces the States’ VAT collections

The Independent UK

High street retailers pay 755% more in rates than online rivals – research

It comes after the Government closed its consultation into a potential online sales tax.

The Hindu

Pressure building on CM to reduce sales tax on petrol, diesel

No discussion on reduction of KST on petroleum products has taken place so far

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The Hindu

Sales tax on petrol, diesel comes down

With the Centre announcing cuts in the Central excise duties on petrol and diesel, the sales tax on the fuel collected in the State will also go down correspondingly.

The Guardian - UK

Sainsbury’s and Marks & Spencer clash over online tax plans

Sainsbury’s and others call for tax on internet sales, while Marks & Spencer says that would ‘punish’ go-ahead outlets

The Hindu

Commercial Taxes dept. scheme to settle dues of legacy taxes

Scheme aimed at unlocked revenue of around ₹3,000 crore pending in litigation

Benzinga

Cunningham Slams SC Gov. Henry McMaster, Says Killing Medical Marijuana Bill 'A Historic Failure Of Leadership'

The South Carolina House found a way to kill seven years of hard work on what is considered the most restrictive medical cannabis law in the country. It eliminated it Wednesday on a technicality regarding sales tax.

The Independent UK

Kansas moves to phase out tax on groceries after election

Kansas is moving to phase out the nation’s second-highest state sales tax on groceries, but Republican lawmakers aren’t planning to lower consumers’ bills until after Democratic Gov. Laura Kelly faces reelection in November

Insider UK

MSPs told retailers need short-term leases to fill empty high street stores

Parliamentary committee also hears pleas for an online sales tax which would 'level the playing field'

Tribune News Service

‘Tampon tax’ critics hope lawsuit can build pressure for the Texas Legislature to repeal

AUSTIN, Texas — Six years of demanding repeal of the “tampon tax” haven’t worked. So Texas activists appear poised to try a new tack — mounting a lawsuit to build pressure on lawmakers.

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