November 30, 2009
The Georgia Department of Revenue has released a bulletin on how taxpayers may recover sales and use taxes erroneously paid on qualifying exempt purchases of manufacturing machinery and equipment made during the period of January 1, 2009 and December 31, 2009. To recover taxes erroneously paid, a taxpayer can either take a deduction on a current period sales and use tax return or file a refund claim with the Department. Informational Bulletin SUT 2009-10-28.
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November 30, 2009
Effective January 1, 2010 all sales, use and service provider accounts reporting on a quarterly basis will be required to file their returns electronically. View notice.
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November 30, 2009
Due to the recent legislative changes to RIGL 44-30-71 there is a new electronic payment requirement. Beginning January 1, 2010, any person required to withhold and remit tax under this section with ten (10) or more employees as well as any person required to collect and remit sales and use tax to the state of Rhode Island who had an average monthly sales and use tax liability of two hundred dollars ($200) or more per month must make the payments by electronic funds transfer or other electronic means defined by the tax administrator.
In the case of failure of any person required to deposit taxes by electronic funds transfer or other electronic means defined by the tax administrator, unless such failure is due to reasonable cause and not due to willful neglect, there shall be added to the amount shown as tax required to have been electronically transferred five percent (5%) of the amount or five hundred dollars ($500) per required payment, whichever is less.
The tax administrator is authorized to waive the electronic filing requirement in a given year for a person who can show that filing electronically will cause undue hardship.
To facilitate this requirement the Division of Taxation allows ACH debit, ACH credit and credit card payments.
For questions regarding electronic payments, call (401) 574-8901 or (401) 574-8732.
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November 30, 2009
Effective October 1, 2009, the general State rate of tax increases from 5.5% to 5.75%. The local rate decreases from 2.25% to 2% in all counties except Alexander, Catawba, Cumberland, Haywood, Martin, Pitt, Sampson, and Surry where the county rate decreases from 2.5% to 2.25%. Mecklenburg County continues to impose an additional 0.5% Transit rate. The third one-half cent local tax previously reduced to a quarter cent (0.25%) under Article 44 will decrease to zero. The combined State and local rate will continue to be 7.75% in ninety-one counties, 8% in Alexander, Catawba, Cumberland, Haywood, Martin, Pitt, Sampson, and Surry Counties and 8.25% in Mecklenburg County. These changes occur as the State continues assuming Medicaid responsibilities for the counties.
The following resources provide additional information about the rate changes:
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