Insights & Resources

The IRS recently issued guidance on the procedure to request that a substance be added, or removed, from the list subject to the Superfund excise tax.

The IRS has published Superfund tax rates for 121 taxable substances subject to the tax under section 4671 of the Internal Revenue Code.

Taxpayers subject to the Superfund Excise Tax are reminded that payments should be deposited semi-monthly unless the net liability is less than $2,500 for the quarter.

Colorado has implemented a new "retail delivery fee" that presents an additional compliance challenge in the state's already complex sales and use tax system.

Learn about which states have announced motor fuel tax rate changes effective July 1, 2022, and check back as we will continue to monitor and make updates as needed.

In recent months, a number of states have enacted legislation to temporarily suspend the motor fuels tax. Weaver will monitor these actions and update this post regularly.

In Sirius XM Radio, Inc., v. Hegar, No. 20-0462, the Texas Supreme Court ruled that determination of the apportionment of receipts from services must be "origin-based" rather than "destination-based."

AB 466 allows the California Franchise Tax Board (FTB) to collect and share information on taxpayer reporting of unclaimed property.

Learn about the tax cuts for businesses and individuals as New York is the latest state to provide tax reductions to taxpayers.

In the updated statement on P.L. 86-272, businesses previously protected from paying the state corporate income tax in California or New York could now be liable for these taxes through various internet activities.

Taxpayers will be relieved of underpayment penalties under IRC Section 6656 for failing to make required deposits of the Superfund Tax as issued in Notice 2022-15.