California has issued a supplemental special notice informing taxpayers that fixed price contracts and lease agreements are not exempt from the 1% increase. This is true even if they were entered into before the April 1, 2009 effective date. So,…
Minnesota State Sales and Use Tax Rate Increases July 1, 2009 to 6.875%
Beginning July 1, 2009, the Minnesota sales and use tax rate will increase from 6.5% to 6.875%.
California Increases State Sales and Use Tax Rate
In an effort to resolve the state budget deficit, California will be imposing a 1% temporary increase (from 6.25% to 7.25%) in the state sales and use tax rate, effective April 1, 2009. The 1% increase (specifically dedicated to the…
Utah Sales and Use State and Local Rate Changes
Effective January 1, 2009, Utah’s state sales tax rate increased from 4.65% to 4.70%. The state tax on food sales remained at 3%. Utah County will assessed a new County of the Second Class Airport Highway and Public Transit Tax…
Minnesota To Increase Sales and Use Tax Rate
Voters approved an increase to Minnesota\’s sales and use tax rate from 6.5% to 6.875%. The increase will take effect on July 1, 2009.
Iowa Increases State Sales Tax Rate to 6%
The state sales and use tax rate will increase from 5% to 6%, and the School Local Option Sales Tax (SILO) will cease to exist as a separate tax.
Canada GST/HST Rate Reduction in 2008
Effective January 1, 2008, the GST rate and the federal component of the HST rate was reduced from 6% to 5%. The provincial component of the HST will remain at 8%. This means that the rate of HST is reduced…
North Carolina Combined General Rate Increased
Effective April 1, 2008, the combined general rate of North Carolina sales and use tax is increased from 6.75% to 7%. The combined general rate (to include county rates) applies to the gross receipts derived from providing telecommunications service, ancillary…
Indiana Sales and Use Tax Rate Increased to 7%
Governor Mitch Daniels signed HB 1001 which will increase the state sales and use tax rate from 6% to 7%, effective April 1, 2008. In addition, other provisions added to the new legislation include caps on the following: homeowners’ property…
Maryland Sales and Use Tax increased to 6%
Governor O’Malley signed HB 5 which will increase the state sales and use tax from 5% to 6%, effective January 3, 2008. In addition, other provisions added to the new legislation include: tax holiday provisions, taxes to vending machines sales,…
Utah Decreases State Sales Tax Rate
An omnibus tax reform bill was signed by Utah Governor, Jon Huntsman, Jr., reducing the general state sales tax rate from 4.75% to 4.65%, effective January 1, 2008. In addition, the bill decreases in the sales tax rate for unprepared…
North Carolina’s Sales Tax Rate Increase Permanent, Others to Follow
Effective July 31, 2007, the extension of North Carolina’s temporary 0.25% increase in the state sales and use tax (which was scheduled to expire on August 1, 2007), has been permanently extended. Furthermore, effective October 1, 2008, the general state…
North Carolina Governor Signs Temporary Rate Extension Bill
Governor Mike Easley signed a bill which temporarily extends the 0.25% provisional rate increase until August 1, 2007. Previously, the rate increase was set to expire on June 30, 2007. In addition, all retailers that make a good faith effort…
South Carolina Increases State Rate to 6%
The South Carolina Department of Revenue has issued a change in their state sales and use tax rate. As a result of legislation that was passed last year, the general rate will increase from 5% to 6%, effective June 1,…
Puerto Rico Eliminates Excise Tax and Introduces Sales/Use Tax
Effective November 15, 2006, Puerto Rico’s recently-enacted Law No. 177 formally eliminates its excise tax and replaces it with a general sales and use tax. The law authorizes a 5.5% island-wide and 1.5% local sales and use tax generally applicable…
Canadian Provincial Sales Tax Decrease
The Saskatchewan Government announced the Provincial Sales Tax (PST) will drop from seven to five per cent, effective 28, October, 2006. The Provincial Sales Tax applies to the purchase, importation, or rental of certain goods and services. (http://www.gov.sk.ca/finance/revenue/pst/pst.htm)
Idaho Governor Signs Bill to Raise Sales Tax Rate
On August 31, 2006, Governor James E. Risch signed the Property Tax Relief Act.
New Jersey Sales Tax Rate To Increase
Effective July 15, 2006, the State of New Jersey will increase its sales tax rate by one-percent, from 6% to 7%, as a result of recent budget negotiations. It is expected that half the revenue realized from this increase will…
Canadian GST/HST Rates to Decrease
A proposal to reduce Canada’s Goods and Services Tax (GST) rate from 7% to 6% was approved in the May 2, 2006 Federal Budget. The new rate, effective July 1, 2006, will have no effect on the Goods and Service…
VA Governor and Senate Unveil Tax Increases for New Transportation Plan
Governor Kaine of Virginia released a plan to raise funds for his transportation initiative. The proposal will generate one billion dollars annually through a 2% increase in motor vehicle sales and use tax, a 2.25% increase in the auto insurance…
South Carolina To Increase Sales Tax.
South Carolina General Assembly passed Tax Reform Bill 4449 on February 9, 2006. The bill provides for a property tax exemption on the fair market value of owner-occupied residential property. To offset for potential state revenue losses, the bill imposes…
North Carolina Reduce State Sales Tax Rate DELAYED.
The rate reduction that was scheduled to be effective July 1, 2005 has been delayed.
Chicago Rate Increase 7/1/05
This is just a reminder that the Chicago, IL sales tax rate is increasing to 9% effective 7/1/05.
Effective October 21, 2004, the British Columbia PST rate decreased from 7.5% to 7.0%.
The British Columbia Ministry of Finance announced the above reduction in the Provincial Sales Tax rate.