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June 28, 2022
Important Tax Changes Taking Effect July 1
- Taxpayers will report sales and use tax on the same return and will only need one permit for both sales and use tax.
- Taxpayers will either file and pay monthly or annually, depending on the amount of tax collected.
- Monthly returns must be filed and the tax must be paid electronically.
- Semimonthly deposit payments are no longer required.
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NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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