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The seller is liable for the real estate transfer tax, although it is not uncommon for an agreement to be reached for the buyer to pay the tax. Some states require that the buyer pay the tax if the seller does not pay it or is exempt from paying it. Some states do not impose a tr...
What are the advantages of sales tax? Sales tax provides a way for the state and local governments to raise revenue for the municipal budget. Sales tax revenue benefits the people of the jurisdiction through public schools, public safety, roads, and public libraries. ...
(slight) exception: In the state of Massachusetts, the first $175 of an item of clothing is tax exempt anyway. So, if a piece of clothing you purchase during Massachusetts Tax-Free Weekend is more than $2,500, the first $175 is not taxable. Keep that in mind when shopping that ...
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This agreement was created to simplify and modernise sales tax administration, which includes the sales tax registration process. Currently, 24 states have passed legislation to conform to the SSUTA: Arkansas, Georgia, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Nebraska, Nevada, New ...
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StateAverage Sales Tax Alabama 9.22% Alaska 1.76% Arizona 8.40% Arkansas 9.51% California 8.68% Colorado 7.72% Connecticut 6.35% Delaware None District of Columbia 6.00% Floria 7.08% Georgia 7.32% Hawaii 4.44% Idaho 6.03% Illinois 8.82% Indiana 7.00% Iowa 6.94% Kansas 8.69% Kentucky 6.00% Louis...