The Pennsylvania Department of Revenue has issued an update to its Notice of Taxable and Exempt Property. The Commonwealth is required to periodically update this list which addresses different categories of property and provides taxability on an item-by-item basis. The Notice is also incorporated into the Retailer’s Information Guide (REV-717) published by the Department.
The updated Notice provides for tax treatment of new items and/or clarification or changes from prior versions. This year’s version includes the addition of guidance on non-fungible tokens (“NFTs”) which are taxable in Pennsylvania. The changes and clarifications in the notice address treatment of CBD that is vaped, flea-related pet supplies, residential fuel, and specified farming supplies.
The state’s current Retailer’s Information Guide can be accessed here.
The current Notice of Taxable and Exempt Property is available here.
If you have questions on the taxability of goods or services in Pennsylvania or other SALT matters, please contact HBK’s SALT Advisory Group at firstname.lastname@example.org.