Taking quick action, the Legislature has approved a bill authorizing a sales tax holiday for the weekend of August 13-14. The Governor's office has already said he will sign the bill, probably early next week.
The terms and conditions for the holiday will be identical to those of previous holidays; Technical Information Release 10-10 from last year's holiday will get a quick rewrite to make it work for this year.
DOR's preliminary estimate is that taxpayers will save about $20.5 million over the two days.
The holiday began as a one-day event 2004, and has been held annually since then with the exception of the summer of 2009, which was the same time the sales tax increased from 5 percent to the current 6.25 percent. The savings to taxpayers have been estimated as follows: 2004, $10.1 million; 2005, $15.4 million; 2006, $16.9 million; 2007, $15.9 million; 2008, $14.9 million; and 2010, $19.9 million (first time holiday was held with sales tax rate set at 6.25 percent).
DOR Ruling Favorable in First Circuit Judgment posted on Mar 17
The United States Court of Appeals for the First Circuit issued judgments in the Department of Revenue’s (DOR) favor last month, finding that taxpayers in Bankruptcy proceedings cannot discharge late filed tax returns. The court consolidated two similar cases brought before them involving a total …Continue Reading DOR Ruling Favorable in First Circuit Judgment
Five Reasons to E-File with DOR’s WebFile for Income posted on Feb 24
With Tax season well under way; DOR would like to help you make the decision to E-File with WebFile for Income this year. We know, “I’m not computer savvy” or “What about the safety of my information” has been said many times before, but we’d …Continue Reading Five Reasons to E-File with DOR’s WebFile for Income
Class in Session at DOR University posted on Jan 20
Looking to educate yourself this tax season? Want to learn more about tax options, or DOR-related issues? All this can be achieved at DOR University, the Department of Revenue’s free online e-learning module. DOR University, created to offer free tax education to the public and …Continue Reading Class in Session at DOR University