News & Analysis as of

Sales Tax Excise Tax

Frantz Ward LLP

Proposed Senate Bill 86 Seeks to Regulate Hemp Beverages and Intoxicating Hemp Products Differently

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Ohio lawmakers are moving to tighten hemp regulations following Governor Mike DeWine’s call to “regulate intoxicating hemp” and close legal gaps that may allow the marketing and sale of hemp products to minors. Senators Shane...more

Stikeman Elliott LLP

Une dette partiellement recouvrée par le truchement d’une lettre de crédit ne peut faire l‘objet d’un redressement pour créance...

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Dans une décision rendue le 6 septembre 2024, la Cour du Québec (la « Cour »), sous la plume de l’honorable Daniel Bourgeois, a statué que la déduction pour créance irrécouvrable dans le calcul de la taxe nette et prévue à...more

Smith Anderson

North Carolina Tax Legislation Enacted in the 2024 Short Session

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This Alert summarizes all the material amendments to Chapter 105 of the North Carolina General Statutes ratified to date during the General Assembly’s 2024 short session....more

Stikeman Elliott LLP

2024 Federal Budget: Sales and Excise Tax Measures

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On April 16, 2024 (“Budget Day”), the federal government released its annual budget (“Budget 2024”), which includes certain sales and excise tax measures and also confirms the government’s intention to proceed with several...more

Blake, Cassels & Graydon LLP

Énoncé économique de l’automne de 2023 : Présentation de certaines mesures fiscales

Le 21 novembre 2023, la ministre fédérale des Finances (la « ministre ») a publié l’Énoncé économique de l’automne de 2023 (l’« ÉÉA ») du Canada. L’ÉÉA porte principalement sur diverses mesures d’abordabilité à l’intention...more

Stikeman Elliott LLP

2023 Fall Economic Statement: New GST/HST Joint Venture Election

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On November 21, 2023, the Government of Canada released its Fall Economic Statement (“2023 FES”) which includes certain sales and excise tax measures, including draft legislative proposals to implement long-awaited new...more

Blake, Cassels & Graydon LLP

Key Tax Measures in the 2023 Fall Economic Statement

On November 21, 2023, the Minister of Finance (Minister) released Canada’s 2023 Fall Economic Statement (FES). The primary focus of the FES is on affordability measures for Canadians and increasing Canada’s housing stock,...more

Clark Hill PLC

The Cannabis Cure for the Public Pension Crisis

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Pensions are, and have been, an important compensation component for public employees, including teachers, police, fire, and other municipal positions. However, limited funds and riskier investments are threatening pension...more

Holland & Hart LLP

Cannabis Taxation: Where Does the Money Go?

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Cannabis tax revenue remains a central argument for legalization. In the decade since adult-use markets first launched, local, and state governments have allocated billions of dollars in collected cannabis taxes to fund...more

Baker Donelson

SALT Select Developments - March 2023

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State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. In this newsletter edition, we will briefly summarize certain state and local tax (SALT)...more

Rivkin Radler LLP

New York’s “No-Longer-a-Sin” Taxes – Effective? Progressive? Neither?

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Lately I’ve been thinking about the many ways by which members of the public transfer funds to government and the many reasons for which such transfers are made. After all, we’re still in the “season of giving.”...more

Rivkin Radler LLP

NJ Publishes Guidance on Cannabis Sales & Use Tax and Social Equity Excise Fee

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The New Jersey Division of Taxation recently provided guidance on registration and licensing requirements, Social Equity Excise Fees, and the Sales & Use tax applicable to companies operating in the cannabis industry. ...more

Partridge Snow & Hahn LLP

Is the RI Legislature Getting Serious About Legalization?

It appears that political support for legalizing recreational cannabis in Rhode Island may finally be reaching a critical mass. The details of how Rhode Island might go about legalizing recreational cannabis—and not whether...more

Dentons

2020 Legislative Report - Week One

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The second year of the 88th General Assembly convened on Monday. Republicans maintain their majority in both chambers, 53-47 majority in the House and a 32-18 majority in the Senate....more

Harris Beach Murtha PLLC

Connecticut Budget Bill Has Significant Surprises and Changes to Tax Laws

The recent $43.4 billion budget bill passed by the Connecticut General Assembly includes a number of changes to the Connecticut tax laws. The budget will be sent to Governor Ned Lamont who is expected to sign it....more

Eversheds Sutherland (US) LLP

New York Budget Bill passes Legislature

On March 31, 2019, the New York Legislature approved budget legislation for the Fiscal Year 2020 (the “Budget Bill”). Among other things, the Budget Bill codifies the position of the New York State Department of Taxation and...more

Spilman Thomas & Battle, PLLC

The 2019 West Virginia Legislature: VETO AND OTHER UPDATES - Issue 12

The 2019 regular session of the West Virginia Legislature concluded on March 9. During the 60-day session, a total of 1,823 bills were introduced, with only 294 completing the process and actually being presented to Governor...more

Blake, Cassels & Graydon LLP

2019 Federal Budget – Selected Tax Measures

On March 19, 2019, the Minister of Finance introduced Canada’s 2019 federal budget (2019 Budget). The government had already signalled that the primary focus of the 2019 Budget would not be business concerns as those had been...more

Eversheds Sutherland (US) LLP

New York Governor proposes significant tax changes

New York State Governor Andrew Cuomo released his Fiscal Year 2020 budget and accompanying legislation on January 15, 2019 (the Budget Bill). Among other things, the Budget Bill proposes statutory revisions to respond to the...more

Bennett Jones LLP

New GST/HST Rules Enacted for Fund Management Fee Arrangements

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On December 13, 2018, legislation was passed implementing amendments to the Excise Tax Act (Canada) (the “ETA”) first announced in September 2017 affecting GST/HST on management and administrative services provided to private...more

Tucker Arensberg, P.C.

Taxes and Tabs – A New Line on Your Brewery Tab May Be on the Horizon

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One way to know your industry is doing well is when you see the government taking a closer look at how your industry is taxed and how it can expand tax collections from you. Recently, the Pennsylvania Department of Revenue...more

Bennett Jones LLP

No Deemed Trust for Unremitted GST and HST Post-Bankruptcy

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In a unanimous decision issued November 8, 2018, the Supreme Court of Canada granted the appeal of the decision of the Federal Court of Appeal in Canada v Callidus Capital Corp, 2017 FCA 162. Secured creditors who receive...more

Blake, Cassels & Graydon LLP

Just in Time for Legalization, Federal Government Publishes Proposed Cannabis Excise Duty Rates

The federal government recently gave royal assent to the Budget Implementation Bill, 2018, No. 1, which amends the Excise Act, 2001 in order to implement a new framework for the taxation of cannabis. The new rules effectively...more

Dentons

What Landlords Need to Know about Iowa's New Water Service Excise Tax

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Effective July 1, 2018, in the state of Iowa is a new Water Service Excise Tax (“WET”), which was passed as SF 512. Iowa landlords who furnish water in any way to their tenants, as well as other companies that could be deemed...more

Blake, Cassels & Graydon LLP

2018 Federal Budget: Excise Tax on Cannabis

On February 27, 2018, the Minister of Finance introduced Canada’s 2018 Federal Budget (2018 Budget), which looks to implement the excise duty framework for cannabis that was proposed in November 2017 (see our November 2017...more

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