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Sales Tax

Mississippi Sales and Use Taxes Reminder about wholesale purchases of alcoholic beverages in Mississippi

Mississippi Sales and Use Taxes Reminder about wholesale purchases of alcoholic beverages in Mississippi The Mississippi Department of Revenue has released a notice regarding L. 2022, S2844, effective 07/01/2022 (reported in State Tax Update , 04/26/2022), which removed the sales tax on the wholesale purchase of alcoholic beverages. The notice explains that…
Ansari Law Firm
September 1, 2022
Sales Tax

Maryland Partnerships Maryland enterprise zone program

Maryland Partnerships Maryland enterprise zone program L. 2022, H478 (c. 732), effective 06/01/2022 and applicable to all taxable years beginning after 12/31/2021, amends the Maryland enterprise zone program. “Focus area employee” means an individual who earns at least 120% of the state minimum wage (previously, 150% of the federal minimum wage). “Qualified employee” means an…
Ansari Law Firm
September 1, 2022
Sales Tax

Maryland Property Tax Business personal property exemption

Maryland Property Tax Business personal property exemption The Maryland State Department of Assessments and Taxation (SDAT) alerts taxpayers of the increase in the exemption from personal property assessment for all Maryland businesses from $2,500 to $20,000 due to recently enacted legislation (as reported in State Tax Update , 05/19/2022). The SDAT will automatically adjust assessments of…
Ansari Law Firm
September 1, 2022
Sales Tax

Maryland Property Tax Baltimore City annual property tax.

Maryland—Property Tax—Baltimore City annual property tax. Effective June 23, 2022, the City of Baltimore has enacted Ordinance No. 22-143, Council Bill No. 22-0236, which imposes an annual tax on all property in the City of Baltimore, except property exempt by law, for the period July 1, 2022 through June 30,…
Ansari Law Firm
September 1, 2022
Sales Tax

Maryland Insurance Companies Taxes Maryland insurance company exemption

Maryland Insurance Companies Taxes Maryland insurance company exemption The Maryland Court of Special Appeals has affirmed the Maryland Tax Court ruling that a Vermont licensed insurance company is exempt from Maryland corporate income tax. In Maryland, Title 4 of the Insurance Article provides that an insurance premium tax is imposed on unauthorized insurers in lieu of all other…
Ansari Law Firm
September 1, 2022

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