Sales Tax & Use Tax. Legal news and articles for December 30 - 31, 2011

As Puerto Rican tax credit ended, profits went abroadElection reforms, tax initiatives will shape 2012Tax reform task force findingsMSU, parks ask to tap sales tax fundNational energy policyMayor ready to tackle the tough problems in 2012Sales tax decreasing in W. Va.Seminole County sales tax drops by a penny on SundayCity gets more from sales, road taxBELL HELICOPTER TEXTRON, INC. v. COMBSU.S. Treasury makes switch to electronic bondsJapan ruling party agrees to postpone sales tax riseRedevelopment deniedGilroy sales tax upOnline purchases cutting into local, state tax revenue

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Nevada Tax Collections Remain On Track Overall Despite Gaming Volatility
Nevada News BureauDecember 2, 2011

Compared to the May 2011 Economic Forum projections, the general fund portion of the sales and use taxes is about 1.45 percent or $2.9 million above their forecast for fiscal year 2012 through September, according to the Nevada Department of Taxation. ...more »

Capitol Alert: Jerry Brown wants tax hikes to wealthy, sales to raise $7 billion
Sacramento BeeDecember 1, 2011

He expects the tax plan to help bridge next year's budget deficit, which the nonpartisan Legislative Analyst's Office pegs at $12.8 billion. Under the measure, California would impose a half-cent sales tax increase starting in 2013 and an income tax...more »

Sales Tax & Use Tax. News and Stories

As Puerto Rican tax credit ended, profits went abroad
Minneapolis Star TribuneDecember 31, 2011

Without a break, any cash brought back to the United States would be taxed at the federal income-tax rate of 35 percent, with a credit for foreign income taxes already paid. Medtronic, based in Fridley, paid income taxes in fiscal 2011 at a rate of ...more »

Election reforms, tax initiatives will shape 2012
San Jose Mercury NewsDecember 31, 2011

At the same time, voters likely will be asked to consider tax increases even as the state's economy remains stalled by slow growth and high unemployment. A host of new election rules, many approved by voters, will affect how campaigns are run and how ...more »

Tax reform task force findings
NewsOK.comDecember 31, 2011

If federal legislation such as the Main Street Fairness Act is enacted to address the issue of collecting existing tax owed on online sales, the estimated $180 million in additional sales tax revenue should be used to reduce the top marginal income tax...more »

MSU, parks ask to tap sales tax fund
Minot Daily NewsDecember 31, 2011

Two requests to make use of money in Minot's sales tax community facilities fund have been made, and will be decided upon in early January. The fund was part of a sales-tax measure passed by Minot voters in a June 14 vote. The measure redirected an ...more »

National energy policy
Pakistan ObserverDecember 31, 2011

Beijing with cooperation of industrial sector, reduced prices of energy efficient home appliances to promote energy efficient products including washing machines, TV, increase sales, reduce fuel imports, promote use of solar heaters, photovoltaic cells ...more »

Mayor ready to tackle the tough problems in 2012
The Turlock JournalDecember 31, 2011

I believe the main success has been not having to use $2.5 in reserves to balance our general fund this year. Through internal cuts, voluntary salary reductions by our staff, and better sales and property tax assessment revenue this year, ...more »

Sales tax decreasing in W. Va.
Point Pleasant RegisterDecember 31, 2011

by By Nathan Jeffers Beginning on Jan. 1, 2012, the Sales Tax and Use Tax in West Virginia will be reduced from 3 percent to 2 percent. The Sales Tax and Uses tax refers to the purchases of food and food ingredients intended for human consumption. ...more »

Seminole County sales tax drops by a penny on Sunday
Orlando SentinelDecember 30, 2011

In 2001, voters agreed to keep the penny tax and expand its use for school construction and classroom technology, such as new computers. But last June, commissioners opted against asking voters whether the tax should be extended, pointing to the ...more »

City gets more from sales, road tax
Ames TribuneDecember 30, 2011

By Laura Millsaps An increase in local option sales and state road use tax revenues are some of the bright spots in the city's upcoming budget cycle, city officials said. Despite the continuing lag in economic recovery in the state and nationwide, ...more »

BELL HELICOPTER TEXTRON, INC. v. COMBS
Leagle.comDecember 30, 2011

Before Chief Justice Jones, Justices Pemberton and Henson. Bell Helicopter Textron, Inc. ("Bell") appeals a take-nothing judgment in a sales and use tax refund suit under Chapters 112 and 151 of the Texas Tax Code. Tex. Tax Code Ann. §§ 112.001-.156, ...more »

U.S. Treasury makes switch to electronic bonds
Green Bay Press GazetteDecember 30, 2011

"It costs more to mail and use paper, so the decision was to take the whole thing and move it online." The decision to end paper sales was announced in July and was based upon factors like printing, mailing, storing bond stock and paying fees to ...more »

Japan ruling party agrees to postpone sales tax rise
ReutersDecember 30, 2011

... but passage is uncertain as opposition parties can use their control of the upper house to block legislation. Noda earlier on Thursday appealed to party members to come up with a plan that included specific times for the sales tax to be increased ...more »

Redevelopment denied
Whittier Daily NewsDecember 30, 2011

West Covina Mayor Mike Touhey painted Thursday's decision as another reach by the long, corrupt arm of the state - one that threatens substantial chunks of his city's sales tax and employment. "I think that will have a devastating effect on the city of ...more »

Gilroy sales tax up
Gilroy DispatchDecember 30, 2011

Posted in Crime fire courts on Tuesday, September 7, 2010 12:00 am. Updated: 7:30 am. 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language. 2 Don't Threaten or Abuse. Threats of harming another person will not be ...more »

Online purchases cutting into local, state tax revenue
Dothan EagleDecember 30, 2011

That's because most Internet retailers don't collect sales tax on purchases, and while consumers are technically required to report any money owed to the state and local municipalities as a use tax, few actually do so. “I don't know many people that do ...more »

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