Kentucky Discusses Application of Sales Tax to Services
Wednesday, January 27th, 2010
Kentucky's legislature is in dialogue over imposing a sales tax on all services performed in the state. While it appears unlikely at this time, consideration of imposing sales tax on services would place Kentucky with a very few states that generally tax services (four at present; Hawaii, New Mexico, South Dakota, and West Virginia).
As states' continue to face budget shortfalls, we have seen a significant increase in dialogue, proposed legislation, and "voter approved" bills to increase tax rates and expand the scope of transactions subject to sales tax.
Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.
TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.
TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.
Please visit TTR on the web at www.ttrus.com or call 866.578.8193.
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