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Calif. Digital Tax Clears Key Hurdle, Will Go To Full Senate

by usoftax_admin | May 16, 2024 | Tax News

A bill calling for California to levy its 7.25% state sales and use tax on large online companies with digital advertising revenue above $2.5 billion passed a key Senate committee Thursday and will go to the full state Senate.

House Dems Seek Vote On Disaster Tax Relief Bill

by usoftax_admin | May 16, 2024 | Tax News

Two Democrats on the House of Representatives’ Ways and Means Committee requested a vote Thursday on legislation that would exclude disaster relief payments from a taxpayer’s gross income.

Tax Pact Votes Down Nexus Recommendation For Gross Sales

by usoftax_admin | May 16, 2024 | Tax News

A proposed recommendation from the Streamlined Sales Tax Governing Board for states to use gross sales to measure whether a remote seller crossed a state’s economic nexus threshold fell two votes shy of final approval Thursday.

Colo. To Charge Oil, Gas Fees Based On Spot Prices

by usoftax_admin | May 16, 2024 | Tax News

Colorado will levy new fees on oil and gas producers based on the spot price of a barrel of oil or natural gas under legislation signed into law Thursday by Gov. Jared Polis.

CBRE Biz’s Software Liable For NY Sales Tax, Judge Rules

by usoftax_admin | May 16, 2024 | Tax News

A facilities management business owned by CBRE is liable for New York sales tax on its bundled services, which included sales of prewritten software, an administrative law judge said in a determination released Thursday.
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