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MTrac Launches Marijuana Payments Platform For Louisiana

PYMNTS

The state of Louisiana has entered legal marijuana territory with medical cannabis access beginning this week. According to MTrac, its payments platform was developed in cooperation with “the main bank in Louisiana” that plans to provide bank account services to the state’s marijuana-related businesses. Global Payout Inc.

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When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Sales taxes empower governments to maintain critical public services, but they can also make medical essentials too expensive for those who need them. Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions. Sales taxes’ price tags.

Taxes 146
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A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws

PYMNTS

Merchants aiming to sell nationwide must pay attention to how their goods are treated by each state’s tax code. Items considered as exempt medical necessities in some states may be taxed at high rates in others, and businesses cannot afford to be caught by surprise. Around The Next-Gen Sales Tax Wor ld.

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The Strange Spending Trends Around Sales Tax Holidays

PYMNTS

According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. This year 17 states will have sales tax holidays of one form or another — up from 16 last year, but down from the national high of 20 states in 2010. How Tax Holidays Work.

Taxes 101
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Bankers: Are We Accountable?

Jeff For Banks

Banking is an industry that is particularly susceptible to external forces such as interest rates, business and consumer confidence, and the economy (both local and national). It reminds me of Louisiana Senator Russell Long''s quip in the 1950''s. don''t tax you, don''t tax me, tax that fella behind the tree."

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What Goes Up …

Independent Banker

He says building owners must pay utility bills and property taxes even if a prime tenant has vacated, giving underlying stability to the oil industry and their supporting loans. Cloutier adds that the unemployment rate has been as low as 3 percent in some Texas and Louisiana communities. percent expansion last year.

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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

Fortunately for Red River Bank, loan demand is picking up in Louisiana as cities stabilize from the pandemic and businesses reopen. Blake Chatelain, president and CEO of $2.9 billion-asset Red River Bank in Alexandria, La. Plus, continued economic uncertainty has caused many borrowers to be cautious in their growth plans.”.