Welcome to our State and Local Resource Center.

With all the changes going on in regulation and legislation, we wanted to create a spot where you could check for breaking news when it occurs.

Have questions about how these changes affect your business tax planning for 2018? Contact your local Blue & Co. tax advisor or email us at blue@blueandco.com.

Articles

Kentucky Sales Tax Hits Nonprofit Organizations

Kentucky Sales Tax Hits Nonprofit Organizations

Recently, Kentucky House Bill 487 passed, which contained significant changes to Kentucky tax laws. For purposes of this communication, we would like to highlight one major change regarding Kentucky Sales Tax and its effect on nonprofit organizations. This new bill requires that, as of July 1, 2018, organizations charge and collect 6% sales tax on service […]

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Supreme Court opens door to taxation of online sales and sales by out-of-state companies

Supreme Court Opens Door To Taxation Of Online Sales And Sales By Out-of-state Companies

The U.S. Supreme Court has given state and local governments the green light to impose sales taxes on out-of-state sellers, including ones that deal in online sales. The 5-4 decision in South Dakota v. Wayfair, Inc. was met by cheers from brick-and-mortar retailers, who have long believed that the high court’s previous rulings on the […]

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Evaluating the impact of South Dakota v. Wayfair

Evaluating The Impact Of South Dakota V. Wayfair

In late June, the U.S. Supreme Court issued a decision that significantly changed the sales and use tax collection requirements for the vast majority of online retailers and out-of-state sellers. On June 21st, the court issued a decision in South Dakota v. Wayfair case ruling that a substantial economic presence is all that is required […]

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Tax Alert_ Sales Tax in Kentucky

Tax Alert: Sales Tax In Kentucky

Recently, Kentucky House Bill 487 passed, which contained significant changes to Kentucky Tax laws. For purposes of this communication, we would like to highlight one major change regarding Kentucky Sales Tax. This new bill requires that, as of July 1, 2018, certain service businesses begin charging and collecting 6% sales tax on labor and service […]

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Supreme Court Ruling Allows States to Collect Sales Taxes Without Physical Presence

Supreme Court Ruling Allows States To Collect Sales Taxes Without Physical Presence

On Thursday, June 21, 2018, the Supreme Court of the United States ruled in favor of South Dakota in the case of South Dakota v. Wayfair, Inc. The impact of this ruling is to remove the requirement that a company must have a physical presence in a state to be required to collect sales or use tax. […]

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The State and Local Sales Tax Deduction Still Remains to an Extent

The State And Local Sales Tax Deduction Remains To An Extent But Is Subject To A New Limitation

Individual taxpayers who itemize their deductions can generally deduct either state and local income taxes or state and local sales taxes. The ability to deduct state and local taxes — including income tax, property tax, or sales taxes — had been on the tax reform chopping block, but it ultimately survived. However, for 2018 through […]

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States are aggressively pursuing sales tax: are you ready?

States Are Aggressively Pursuing Sales Tax: Are You Ready?

In 1992, the U.S. Supreme Court case of Quill vs. North Dakota established the precedent that a state could not require a company to collect and remit sales tax without a physical presence within that state. However, internet and other remote sales that were in their infancy in 1992 have grown into a $400 Billion […]

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3 types of sales tax exemptions you need to know about

3 Types Of Sales Tax Exemptions You Need To Know About In KY

Kentucky sales tax applies to retail sales of tangible personal property, as well as the provision of specified services. However, as is the case with most things in the tax world, there are exceptions to the general rule. Taking advantage of these exceptions can save a company considerable amounts of money. Supplies, Tools, and Materials […]

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