Wednesday, October 07, 2009

Sales and Use Tax News Links

North Carolina did a last minute increase to the tax rate, but they haven't gotten the revised forms to retailers. So retailers may not be charging the right tax and may not remit the right tax. This is a frequently a problem with fast tax changes - there's sometimes not enough time for retailers to implement the change. And they may not even know about it in time. And whose fault is that?

So, is the sale of marijuana taxable? In Colorado, which allows medical marijuana, the question is whether it's medicine or an herbal supplement.

Felony watch: Jeweler didn't collect sales tax for over 3 years totaling $102,729, and has to pay $207,926. jckonline

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