Hello LinkedIn Sales Tax Community,
In our latest newsletter, we're diving into the latest headlines shaping the world of sales tax policies. Here's what's happening:
- Chair of DCPS Citizens Committee Resigns Over Concerns on Group's Independence The chair of the committee overseeing the use of sales tax funds in Duval County Public Schools in Florida has resigned, citing concerns over the group's independence. This comes after the school district blocked the committee from enacting a resolution it passed in February, requesting state lawmakers pass legislation to “require charter schools receiving voter-approved, voluntary sales surtax funds to provide the public with a detailed accounting of all expenditures made with those funds.” Read more in the article linked. (Source: News4Jax)
- Sales Tax Revenues Decline as Consumers Decrease Spending Nationwide WLOS reports on declining sales tax revenues as consumers decrease spending, impacting local economies in North Carolina. Durham County’s Budget Director Keith Lane dives deeper into the numbers and sees growth of sales tax revenues statewide narrowing. He said if this pattern keeps up, it will impact counties that have become comfortable using sales tax revenue as the second biggest piggy bank, to cover budget costs and increases. (Source: WLOS)
- Governor Signs Law Change Authorizing Suffolk Sales Tax Hike Gov. Kathy Hochul in New York signs a change to the law authorizing a sales tax hike in Suffolk County for finance the installation of sewer and advanced septic systems, setting the stage for a November vote. Delve into the details of this legislative change and its potential impact on local infrastructure and services. (Source: Riverhead Local)
- 10 States Where You Can Save Sales Tax When Buying Car Yahoo Finance highlights 10 states where you should avoid buying a car to save on sales tax, providing valuable insights for consumers and businesses alike. Explore the tax-free shopping opportunities across different states and their impact on consumer behavior. (Source: Yahoo Finance)
- Sales Tax on Electric Bills Returns for Summer NBC26 reports on the return of sales tax on electric bills for summer in Wisconsin, sparking discussions on energy costs and taxation policies. Sales tax is charged on residential electric and natural gas bills in Wisconsin from May through October. The bills are sales tax-free from November through April. State Sen. Andre Jacque (R - De Pere) previously introduced bills to eliminate the tax year-round; but they did not pass. (Source: NBC26)
- Water-Efficient & Energy Star Sales Tax Holidays Set for May 25-27 NewsChannel 10 highlights water-efficient and Energy Star sales tax holidays set for May 25-27 in Texas, encouraging consumers to invest in eco-friendly products. Explore the benefits of these tax holidays for promoting sustainability and conservation efforts. (Source: NewsChannel 10)
Stay tuned for more updates and analysis on sales tax trends in our upcoming newsletters!
Feel free to engage with these articles and share your insights with the LinkedIn community. Let's continue the conversation on sales tax policies and their impact on businesses and communities.
