In this week’s issue of the Bloomberg BNA Weekly State Tax Report, Jim Marty and Marc A. Rubin, both with BridgeWest CPAs and Consultants, LLC, examine the complex web of the various marijuana sales and income taxes in Colorado.
The authors also provide a brief history of legal marijuana in Colorado to help readers understand the current status of taxation of the substance in Colorado.
The article can be read in its entirety here.
Some notable developments from the State Tax Developments Tracker–Bloomberg BNA’s new tool for monitoring important developments in all the states:
California State Board of Equalization Issues Publication on Sales and Use Taxability of Nonprofit Organization
Colorado Department of Revenue Publishes Bulletin on Donated Alcohol for Non-Profit/Charitable Events
South Carolina Department of Revenue Publishes Public Draft of Internal Appeals Process and Procedure
For more information about this and other state tax issues, sign up for a free trial of the Bloomberg BNA Premier State Tax Library.
In other developments…
How High Are Property Taxes in Your State?, by the Tax Foundation
In Chicago, Taxing the Cloud Will Wait (Mostly) Until 2016, by McDermott Will & Emery
FTB Releases Plans for May Department Stores Interest Computation Adjustments, by Morrison & Foerster LLP
Compiled by Priya D. Nair
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