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On June 21, 2018, the U.S. Supreme Court decided that states may now collect sales tax on out-of-state online sales in the case South Dakota v. Wayfair, Inc. The Supreme Court upheld the South Dakota law that requires out-of-state online retailers to collect sales taxes on the sales they make into the State as long
Rex Halverson has been named one of the 2016 Top Lawyers in Sacramento by Sacramento Magazine. Inclusion on this prestigious list cannot be purchased and is only awarded to lawyers who are selected by a vote of their peers. Keep an eye out for Rex in the August 2016 issue of Sacramento Magazine.
The U.S. Senate finally passed the Trade Facilitation and Trade Enforcement Act on February 11, 2016 by an overwhelming vote of 75-20, which had buried within its many provisions, the Permanent Internet Tax Freedom Act. Senate action had stalled the bill for months because of the dispute over taxing Internet sales. The bill has now been to the President
PERMANENT PROVISIONS The new legislation makes numerous tax relief provisions permanent, including these major ones: Research and Development Credit (base credit, 14% Alternative Simplified Credit, eligible small businesses (50 million or less in gross receipts) may claim the credit against AMT and certain small businesses (less than 5 yrs. old with less than $5 million
2016 Standard Mileage Rate Announced by IRS Earlier this week the IRS announced the 2016 standard mileage rates used to calculate the cost of operating a motor vehicle for business, charitable, medical, or moving purposes. Starting January 1, 2016, the standard mileage rates are as follows: 54 cents per mile for business miles driven; 19
CALIFORNIA LEGISLATURE— 2015–2016 REGULAR SESSION SENATE BILL No. 8 Introduced by Senator Hertzberg December 01, 2014 An act relating to taxation. LEGISLATIVE COUNSEL’S DIGEST SB 8, as introduced, Hertzberg. Taxation. The Sales and Use Tax Law imposes a tax on retailers measured by the gross receipts from the sale of tangible personal property sold at
Earlier this week the IRS announced the 2015 standard mileage rates used to calculate the cost of operating a motor vehicle for business, charitable, medical, or moving purposes. Starting January 1, 2015, the standard mileage rates are as follows: 57.5 cents per mile for business miles driven; 23 cents per mile driven for medical or
The House voted December 3rd to extend tax breaks through the end of 2014. The bill contained about 50 provisions benefiting individuals, businesses and non-profits. The bill now goes to the Senate for approval. Some of the larger tax breaks are noted below: Individual Tax Breaks Extended – Amends the Internal Revenue Code to extend
GO-Biz Received Applications for $559 Million for $30 Million California Competes Round Written by Max Shenker on May 27, 2014 In an email to interested parties, the Governor’s Office of Business Development revealed some of the results of the recent California Competes application round: Thank you for your interest in the California Competes Tax Credit
“The Tax Foundation’s 2014 edition of the State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare.” See full article here: 2014 State Business Tax Climate Index