The Latest Breaking News from Sales Tax

Detroit-based Benzinga sent its team to New Orleans for Xerocon, Aug. 24-25. During that time, Benzinga sought to recognize the innovation in accounting technology and spoke with founders, investors and others.

Advocates have previously called for repealing the sales tax on products like tampons, sanitary pads and pantyliners. Menstrual products are already tax-free in 24 states.

The holiday, which reduces the state’s portion of sales tax on select supplies, clothing and footwear, will last through Aug. 14.

There’s no dispute that the cost of consumer goods is soaring. The U.S. inflation rate rose 9.1 percent for the 12 months ending June 2022. With rising prices across many sectors, the prospect of shopping for your child’s school items can be daunting. What was once economical may now be…

Twenty-nine states do not charge sales tax on menstrual products.

To help inflation-plagued and struggling families ease the burden of buying necessities, several states are scrapping the sales tax on infant and adult diapers.

Union Finance Minister Nirmala Sitharaman on July 19 stated that States levied sales tax or VAT on foodgrains in the pre-GST regime and the present levy on cereals, pulses, flour, curd and lassi is an exercise to curb tax leakage

Households that are already burdened with the increasing costs of other necessities, such as housing, do not need this added stressor.

The Arizona State Legislature voted to place a measure on the general election ballot to create a 0.1% sales tax, which would be levied from Dec. 31, 2022, to Dec. 31, 2042, that would fund fire districts.

Meanwhile, Delaware's governor has blocked a more modest step, and a legalization initiative has qualified for the ballot in South Dakota.

Data show that a drop in the Centre’s excise duty, regardless of the component deducted, reduces the States’ VAT collections