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Purchasers are required to pay sales tax unless they present the seller with certification that the purchase is exempt from tax (exemption certificate). The certificate must be on a form approved by the state. 38 states have approved use of the Multistate Tax Commission 's Uniform Sales and Use Tax Certificate.
Another purpose of Form W-9 is to help the payee avoid backup withholding.The payer must collect withholding taxes on certain reportable payments for the IRS. However, if the payee certifies on the W-9 they are not subject to backup withholding they generally receive the full payment due them from the payer. [2]
In January 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 by a vote of 357-70, which includes provisions impacting Section 42 of the U.S. Tax Code, the law governing LIHTC. The legislation would restore an expired 12.5% allocation increase to each state’s Housing Credit ceiling and ...
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The Streamlined Sales and Use Tax Agreement (SSUTA) [1] focuses on four major requirements for simplification of state and local tax codes: 1) state level administration, 2) uniform tax base, 3) simplified tax rates, and 4) uniform sales sourcing rules.
Private schools are exempt from some parts of Iowa's sweeping new education law governing LGBTQ instruction and "age appropriate" books.
The Iowa Republican caucuses were held on January 15, 2024, the first-in-the-nation nomination contest of the 2024 Republican primaries. Former president Donald Trump won the primary with the largest margin of victory for a non-incumbent in the Iowa caucuses. Trump's overwhelming victory in the state established his position early as the ...
As of September 2024, six ballot measures have been certified to appear on the 2024 general election ballot: Legislatively-referred amendment: Question 1, A legislative-initiated initiative to remove the constitutional status of the Nevada Board of Regents (similar language as State Question 1 in 2022); [148]
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