14 days agoMassachusetts Launches Sales Tax Holiday to Boost Local Retailers
The Massachusetts Legislature has approved a sales tax holiday for August 8-9, 2026. This temporary suspension of the 6.25% tax aims to stimulate consumer spending and support local businesses, especially during the back-to-school season. Procurement professionals should prepare for increased demand and adjust inventory strategies accordingly.
14 days agoPennsylvania Proposes Tax Revisions Impacting Data Center Procurement
Pennsylvania lawmakers are considering changes to the state's sales tax exemption for data centers amid a projected $2 billion revenue shortfall. This shift could significantly influence procurement strategies for technology vendors and contractors, altering the cost landscape for future projects in the state.
56 days agoTreasury and IRS Release New Diem Fuel Tax Recovery Regulations
The Department of the Treasury and IRS have enacted new temporary regulations for recovering federal excise tax on dyed fuel. This guidance, applicable to taxpayers who initially paid the tax, outlines eligibility criteria and filing procedures, impacting fuel distributors and contractors involved in excise tax compliance.