May 11, 2009: NO RATE CHANGES ANNOUNCED
May 12, 2009: SEE BELOW
Hawaii --Sales and Use Tax: Transient Accommodations Tax Rate Increased
The Hawaii transient accommodations tax rate will increase from 7.25% to 8.25% from July 1, 2009, through June 30, 2010, and will increase again from 8.25% to 9.25% from July 1, 2010, through June 30, 2015. Beginning July 1, 2015, the transient accommodations tax rate is scheduled to decrease to the current 7.25% rate. The tax rate increase was vetoed by Hawaii Gov. Linda Lingle, but the Legislature overrode her veto.
S.B. 1111, Laws 2009, effective as noted
Illinois --Sales and Use, Utilities Taxes: Chicago Wireless Retailers Must Collect Full 7% Rate as of June 1
Wireless telecommunications retailers currently paying a reduced Chicago simplified telecommunications tax rate of 6.5% must begin to collect and remit the full 7% rate beginning June 1, 2009. Pursuant to a 2005 class action settlement, a reduced 6.5% tax rate was to remain in effect until $30 million in savings for customers were realized. Because the agreed savings have been realized, the reduced rate will end. Retailers were notified of this rate change in an earlier release.
Simplified Telecommunications Tax Ruling 1A, Chicago Department of Revenue, May 5, 2009
New York --Sales and Use Tax: Notice Issued on Quarterly Cents-Per-Gallon Rate Adjustments
The New York Department of Taxation and Finance has issued a notice regarding the adjustment of the state and local cents-per-gallon rates of New York sales and use taxes on certain motor fuel and diesel fuel (together, "qualified fuel").
The commissioner of taxation and finance is required to establish an average price (not including sales tax or fuel excise tax) on motor fuel and diesel fuel during each quarter. Counties and cities that have elected a cents-per-gallon method of tax must multiply the average price by the local sales tax rate. If the result of this computation is less than the locality's effective cents-per-gallon rate, localities must drop their cents-per-gallon rate to the lower rate, rounded to the nearest cent. Adjustments to a cents-per-gallon rate due to a change in the average price must be published by the commissioner and will take effect on the first day of the next succeeding sales tax quarter.
The average price is also multiplied by the state percentage sales tax rate and the Metropolitan Commuter Transportation District (MCTD) percentage tax rate. If the result of this computation is a lower state or MCTD cents-per-gallon rate, the state or MCTD cents-per-gallon rate is also adjusted to the lower rate. The new rates would also take effect on the first day of the next succeeding sales tax quarter.
The commissioner has established the required average price applicable to the sales tax quarter beginning June 1, 2009. As a result, no local cents-per-gallon tax rate on qualified fuel is being adjusted effective June 1, 2009. Similarly, no adjustment is being made to the state cents-per-gallon rate effective June 1, 2009. However, the MCTD cents-per-gallon rate on qualified fuel will decrease from 0.75 cents to 0.7 cents effective June 1, 2009.
Important Notice N-09-10, New York Department of Taxation and Finance, May 2009
May 13, 2009: NO RATE CHANGES ANNOUNCED
May 14, 2009: SEE BELOW
New York --Sales and Use Tax: Publication Listing Local Rates on Qualified Fuel Revised
The New York Department of Taxation and Finance has revised a publication listing the local sales and use tax rates on qualified motor fuel, diesel motor fuel, and B20 biodiesel, effective June 1, 2009. The publication also lists the localities that have elected the cents-per-gallon method of computing local sales tax on qualified fuel, and the applicable local cents-per-gallon rates. It also lists those localities that continue to use the percentage rate method of computing sales tax on qualified fuel, and the applicable percentage rates.
The revised publication reflects that the state sales tax rate within the Metropolitan Commuter Transportation District (MCTD) will decrease from 8.75 cents to 8.7 cents, effective June 1, 2009.
Publication 718-F, New York Department of Taxation and Finance, May 2009
May 15, 2009: NO RATE CHANGES ANNOUNCED
Legal Disclaimer: This publication is designed to distribute general tax information. Applicable laws and regulations may vary by state and your specific facts or circumstances. Due to the ever-changing nature of laws and regulations, there may be omissions, delays or inaccuracies in the information contained in this newsletter. Therefore, the information herein is not to be considered tax advice nor a substitute for consulting with professionals who are familiar with your particular factual situation. No client, advisory, fiduciary or professional relationship is implied or established. Please contact a Peisner Johnson consultant to discuss the impact of this information on your particular situation. © 2008 Sales tax rate source: Used by permission from CCH INC Tax Research Network Subscription Service & RIA CHECKPOINT News Headlines Subscription Service. All Rights Reserved.
No comments:
Post a Comment