Top 10 Retail Tax Changes of 2014
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The retail industry is faced with the responsibility to respond to constant changes from various sources, from consumer trends to political and economic impacts. Sales and use tax changes have a tremendous affect on every business ability to remain compliant with every jurisdiction. Check out the Top 10 Retail Tax Changes of 2014, as of Jan. 22, 2014.
Top 10 Retail Tax Changes of 2014
- 1. TOP 10 Retail State Tax Changes of 2014 Legal Disclaimer: The information provided in this document is for informational purposes only. By publishing this document, Taxware, LLC is providing information of a general nature which should not be construed by the reader as specific tax or legal advice or services. Taxware, LLC recommends that you engage a qualified professional before taking any action that affects your business.
- 2. Ohio Retail sales of and the storage, use or other consumption of digital products on or after Jan. 1, 2014 is subject to sales and use tax. Items that will now be taxed include audiovisual products, audio products and books delivered electronically.
- 3. North Carolina Newspapers sold by street vendors and newspaper carriers making door-to-door deliveries are now subject to a sales tax.
- 4. Phoenix, Arizona Decreased Tax Rate on Food for Home Consumption to 1%
- 5. North Carolina North Carolina has enacted a privilege tax on service contracts.
- 7. North Carolina The legislature increased the sales tax for manufactured and modular homes from 2 percent to 4.75 percent, effective Jan. 1, 2014.
- 8. Maryland Energy Star Sales Tax Holiday Feb. 15 17, 2014
- 9. North Carolina The annual August Tax-free weekend for back-to-school shopping and November Energy Star sales tax holiday have been eliminated.
- 10. Alabama Severe Weather Preparedness Sales Tax Holiday
- 11. North Carolina There is now an additional 6.75 percent sales tax on tickets for movies, concerts and sporting events and some other entertainment.
- 12. E911 Fees