What 'everyday' items are exempt? In the checkout line at the grocery store, most things will ring up exactly as advertised, meaning they are exempt. Candy and soft drinks are two of the notable exceptions to that, as are (where available) alcoholic beverages and tobacco products. Get our...
Some excise taxes are known as “sin taxes,” in which certain jurisdictions levy a higher tax rate on items such as alcoholic beverages or cigarettes. For example, a federal excise tax adds $1.01 to the cost of a pack of 20 cigarettes. In New York, there is an additional state excise...
This is not a complete list, so bear in mind that some states may exempt other types of items. In addition, to avoid double taxation, many business-to-business purchases are tax-exempt. If a business purchases an item specifically to resell it, they can use a resale certificate to avoid...
This is not a complete list, so bear in mind that some states may exempt other types of items. In addition, to avoid double taxation, many business-to-business purchases are tax-exempt. If a business purchases an item specifically to resell it, they can use a resale certificate to avoid...
Currently in the United States, property tax is a local tax levied on privately owned property. The main category of taxable property includes real property like houses, land, condos, factories and wharfs. Some states also charge property tax for personal items like cars, livestock, boats, RVs...
The OCPA includes the usual items under the umbrella of sensitive data, but also includes data types like an individual’s status as transgender or nonbinary, citizenship or immigration status, and more. Enforcement falls under the state attorney general, with potential fines up to $7,500 per...
As colleges open up pass-fail options due to COVID-19, students should be aware the approach differs by school.
But there are a few complications, according to arecent story in the WSJ. There is even a question of what items can be taxed and where. “Candy bars are taxable in New York, but not in New Jersey. In Texas, large pretzels are tax-exempt baked goods, but small pretzels are taxable ...
a tax-exempt security may be free from all taxes. An in-state resident will usually receive a state and federal tax exemption ongeneral obligation bondsfrom his or her home state. While municipal bonds are the most common references of
The result is an administration that will be better prepared than in 2016 to implement Trump’s priorities soon after the inauguration — especially on core agenda items like trade and tariffs. The Trump transition is formally being led by former Trump Small Business Administration chief Linda ...