UPDATES IN WASHINGTON, DC, MARYLAND AND VIRGINIABondBeebe
Billy Thomas, CPA
District of Columbia: Reports have shown that E-filing your return typically results in a quicker refund. Now DC is allowing individual taxpayers the opportunity to track his or her refund online. Follow the link to check your refund status: Refund Status Inquiry
Maryland: The Comptroller of Maryland has announced a ‘Tax Free’ Weekend. Well tax-free for those individuals and entities purchasing qualified energy efficient equipment. Qualified energy efficient equipment includes equipment with the ‘energy star’ product seal (refrigerators, heat pumps, furnaces, air conditioners, etc.). Purchases of ‘energy star’ products between February 19, 2011 through February 21, 2011 will NOT be subject to the 6% sales tax.
Virginia: Similar to Maryland, Virginia will have a qualified energy efficient equipment sales tax holiday between October 7, 2011 and October 10, 2011. Conversely, purchases of this nature will only be exempt from sales tax if the equipment is purchased for noncommercial home or personal use.
In addition, Virginia is following suit with the federal government. Virginia has again passed legislation for Fixed Date Conformity through 2010. Fixed Date Conformity simply means in general, the Commonwealth will comply with the current federal tax code.