Personal protective equipment now taxable in Virginia
VIRGINIA – If your company’s still providing workers with masks and other personal protective equipment (PPE) due to COVID-19, those purchases are now taxable.
Here’s why: The temporary sales and use tax exemption for qualified PPE purchases by businesses expired on March 24, 2022.
Since Virginia’s no longer under a state of emergency and all COVID-related legislation has expired or been repealed, the tax exemption is also invalid.
Any PPE purchases made on or before March 23, 2022, still qualify for the exemption, however.
Free Training & Resources
Further Reading
Another April 15 came and went, leaving many of us poorer and grumbling about government spending. For business owners and the CFOs and con...
The Internal Revenue Service has extended corporate, business and individual tax deadlines out to June 17 for San Diego, Detroit and dozens...
Many businesses are hesitant to spend big bucks on capital improvements or new equipment due to inflation, high interest rates and economic...
The last few months of weather’s taken a toll on homes and businesses in many parts of the country. To lighten the load a bit, the IR...
The provision in the 2017 Tax Cuts & Jobs Act calling for a one-time tax on foreign investments survived an appeal to the Supreme Court...
The worst of the COVID-19 shutdown measures and George Floyd riots peaked less than three years ago. But the effects continue to rattle sta...