Inside Self-Storage

Tax Issues

Maine Self-Storage Owners Continue to Battle Sales Tax

Owners of self-storage and other small businesses in Maine are joining local legislators in attempting to repeal a recent tax-reform law that adds a 5 percent sales tax to their services. ...More
August 4, 2009
Posted in News
Maine Governor Signs Bill That Taxes Self-Storage

Despite the efforts of the local and national self-storage associations, Maine Governor John Baldacci signed a new tax-reform bill last week that applies a 5 percent sales tax to self-storage and several of the state’s services. ...More
June 16, 2009
Posted in News
Illinois Senate Gets Aggressive on Sales Tax Bill

In an aggressive move to pass a bill that will institute a 6 percent sales tax on self-storage and other services in the state, the Illinois Senate has amended House Bill 174 to include the same language as that in Senate Bill 750, which could not move out of the Senate and ...More
June 1, 2009
Posted in News
North Carolina Seeks to Tax Self-Storage

Senators in North Carolina last week revealed a list of new sources for sales-tax revenue that includes self-storage. ...More
April 27, 2009
Posted in News
Bill to Repeal Arkansas Self-Storage Tax Heads to House Floor

A measure that would repeal the Arkansas state tax on mini-warehouses and self-storage services is headed to the House floor for a vote. ...More
March 26, 2009
Posted in News, Legal Issues
Refunds on Self-Storage Sales Tax Available in South Dakota

The South Dakota Legislature has established deadlines for business owners and customers to claim refunds for sales taxes improperly collected on self-storage unit rentals. The refunds are the result of a 2008 decision by the state Supreme Court declaring that self-storage ...More
March 13, 2009
Posted in News
Arkansas Senate Passes Bill to Repeal Self-Storage Tax

The Arkansas Senate voted Monday to repeal the state's tax on mini-warehouses and self-storage services. By a 30-3 vote, the senators approved legislation that would repeal the tax beginning July 1, 2011. ...More
March 9, 2009
Posted in News
Exit Strategies: Best Practices for Selling a Self-Storage Facility

In planning an exit strategy today, self-storage owners will not only be rewarded by operating a better investment in the present term, but will be handsomely rewarded in the future when the property is sold. ...More
February 25, 2009 Jeff Supnick
Posted in Articles, Finance, Real Estate
Self-Storage Sales Tax Reinstated in South Dakota

On Monday, the South Dakota Senate approved a plan to restore the state sales tax on self-storage units. ...More
January 27, 2009
Posted in News
Self Storage Not Taxable Says South Dakota Supreme Court

In a 3-2 decision, the South Dakota Supreme Court has ruled that a business that offers self-storage units for rent is not subject to the state sales tax. ...More
December 30, 2008
Posted in News

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