Sales Tax

It's clear that tax departments will need to be nimble once again in 2024, adjusting to the situations outlined above along with other developments including legislative and regulatory changes.

Processing more than 11 billion transactions each year, Sovos’ membership is a substantial show of support for the DBNAlliance's mission to rapidly deploy a framework of standards and

Come August 2024, the Sooner state will cut back by providing a partial sales tax exemption for food for home consumption.

Residents of New York state are burdened by taxes the most, while Alaska residents have the lowest tax burden, a WalletHub study found.

More than half (53%) of respondents said one of their most significant challenges is that tax rules and rates are complex and subject to change.

As property values surge, some state lawmakers are hoping to end the property tax. Doing so would not be cheap or easy.

Qualifying items would not be subject to the state sales and use tax during the adventure awaits sales tax holiday. As with all Alabama tax-free weekends, local jurisdictions may choose to participate — or not.

Expanded sales tax liability is a potential minefield for businesses of all sizes, especially those with ecommerce activities, requiring constant tracking and application of changing tax rates across thousands of jurisdictions in the U.S.