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Why are some states’ sale taxes higher than others?

TaxConnex

Why do the states with sales taxes have such a range, from the high combined state and local taxation (pushing 10%) of Louisiana, Tennessee, Arkansas and Washington to the lows of Alaska , Wyoming and Maine. The federal income tax has just seven brackets to cover the whole span of what somebody can make.

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IRS Offers Tax Deadline Extensions for Louisiana Due to Hurricane Francine

CPA Practice

The Internal Revenue Service is offering tax deadline relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. This means that individuals and households that reside or have a business, anywhere in Louisiana, qualify for tax relief. 10, 2024, through Feb.

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2024: What’s coming up in sales tax

TaxConnex

States expected to be hit hardest by falling sales tax revenue are Idaho, South Dakota, Louisiana, South Carolina and Florida. In 2021, Wisconsin and Maine both removed their transaction threshold; in 2023, South Dakota and Louisiana joined suit. Delivery fees “Sales taxes” are starting to take different forms.

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States with local economic nexus - a review

TaxConnex

Other states such as Alabama, Colorado and Louisiana have home-rule jurisdictions where separate returns may need to be filed at the local level. This has created such a complex system that Louisiana is actually being sued by an Arizona online retailer for the state’s sales tax “compliance nightmare.

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Hot Topics: Economic Nexus Thresholds and Reporting Requirements | TaxConnex

TaxConnex

Louisiana and South Dakota, for instance, have repealed their 200-transaction thresholds (Louisiana’s repeal took effect last Aug. (States’ economic nexus thresholds differ widely, but as a general rule, if your company reaches $100,000 a year in sales in a state it’s time to investigate if you’ve established economic nexus there.)

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Home Rule: Can Local Jurisdictions Create Sales Tax Obligations?

TaxConnex

The Tax Foundation goes on to state “In Alaska, Colorado, and Louisiana, this issue is compounded by the additional challenge of divergent tax bases, where different jurisdictions tax different baskets of goods and services.” Louisiana has similarly established a commission for remote sellers to serve as a single collection entity.

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Tax relief for seawater victims in Louisiana

Accounting Today

Affected individuals and businesses now have until Feb. 15 next year to file various federal tax returns and make tax payments.

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