A group of state government officials, tax software vendors, and businesses who coordinate on sales tax issues remained at odds over how to update its rules following the US government’s decision to end penny production, punting a vote on proposed changes to a meeting later this year.
The disagreement over how to update a definition of “sales price” reflects complications rippling through the sales tax world from the disappearing coin in cash transactions. The Streamlined Sales Tax Governing Board, which administers a 24-state pact to simplify sales tax codes, wrapped up its semiannual meeting in Grand Rapids, Mich. on Thursday. ...