Sales Tax

Are in-game sales taxable transactions? In essence, the user/gamer is trading real money for a digital product. While that product may not exist outside of the game, it is a transaction that has value. In fact, it's a billion dollar industry, and one that has gone untaxed even by states and other jurisdictions that likely already have the legal authority to tax the transactions.

The group Americans for Fair Taxation has released a copy of a written statement sent to the U.S. House Committee on Ways and Means, by AFFT Co-founder and Chairman Leo Linbeck, Jr.

An indicator of economic growth in Illinois has declined for the month of February.

Fortunately, the experts at Avalara have put together the "Retailer's Guide to Sales Tax Holidays in 2013," a comprehensive list of tax exempt items and dates across the country.

Representatives of conservation, hunting, wildlife, parks and environmental groups told lawmakers Tuesday Iowa's natural resources are in such need of upgrading and protecting that the state should boost its sales tax to raise $150 million for that effort.

When it comes to creating a services tax, the Legislature could cast a wide net, taxing nearly every service at a lower rate and reducing the sales tax on goods in the process -- a Republican idea.

Not a new tax. A bipartisan group of U.S. Senators hope to accomplish is the passing of a bill that would better enable states to collect taxes on transactions.

A new online resource center has been launched to help Ohio businesses and individuals stay apprised of the significant tax changes and financial implications proposed by Ohio Governor John Kasich's biennial budget bill (House Bill 59).