Greetings, LinkedIn Sales Tax Community!
Welcome to our latest edition of the Sales Tax Newsletter, where we bring you the most recent developments and insights in sales tax policies from across the country. Here are the top stories we're covering this month:
- Polling Shows Favorability to Raise Sales Tax in Half Moon Bay, California With a recent 43% increase in public safety costs, recent polling indicates strong favorability among residents for a proposed sales tax increase in Half Moon Bay. As well as a decrease in sales tax revenue has put the city in a deficit to cover its expenses. I find it funny that with a population of 11,000+ only 318 people were pulled to determine this result. (Source: KRON4)
- Opinion: Colorado Must Simplify Sales and Use Tax System for Small Businesses A recent opinion piece in Colorado Politics argues for the simplification of Colorado’s complex sales and use tax system. Streamlining these processes could significantly benefit small businesses by reducing administrative burdens and fostering economic growth. I think we can all agree that this would benefit everyone. (Source: Colorado Politics)
- Alabama Back-to-School Sales Tax Holiday Set for July 19-21 Alabama is gearing up for its annual back-to-school sales tax holiday from July 19-21. This event provides a tax-free shopping period for school supplies, clothing, and other essentials, easing the financial burden on families as they prepare for the new school year. Check the article for a link to all exempt items during this period. (Source: FOX10)
- Town of Normal, Illinois to Recommend Municipal Grocery Sales Tax The Town of Normal staff plans to recommend a municipal grocery sales tax to replace the tax revenue they currently receive when the state of Illinois eliminates this tax in 2026. This proposal aims to generate tax revenue for local services (2.5M) while sparking discussions on the impact of grocery taxes on consumers. (Source: WGLT)
- Breaking Down Nebraska's Over 100 Sales Tax Exemptions Nebraska Examiner provides an in-depth look at the state’s extensive list of more than 100 sales tax exemptions. While the state collects $2 billion in sales tax each year, more than $6.5 billion in potential sales tax revenue is exempt. This article explores the rationale behind these exemptions and their implications for state revenue and tax policy and an interesting read. (Source: Nebraska Examiner)
Stay tuned for more updates and in-depth analysis on sales tax trends in our upcoming newsletters!
Engage with these articles and share your insights with the LinkedIn community. Let's keep the conversation going on how sales tax policies impact our businesses and communities.
