Sales Tax Rates Hit All Time High

Wednesday, March 10, 2010

The average sales tax rate in the US is now north of 8.5%.

In addition to increased rates, in 2009 states reduced lookback periods for refunds, enacted legislation to increase the number of services that are subject to sales tax, and suspended many exemptions.

The following states increased their sales tax rates: District of Columbia & North Carolina - over 600 local rates were increased in 2009.

TRANSACTION TAX NEWS

• 05.16.12 Alabama Enacts Sales Tax Exemption for...

  Alabama Governor Bob Riley recently signed House Bill 307 into...

• 05.11.12 Taxability of Wisconsin Clarifies Tax...

  The Wisconsin Department of Revenue recently published a tax...

• 05.10.12 Tangible Personal Property Sold to Inmates...

  By enacting House Bill No. 4658, Michigan has eliminated its sales...

• 05.10.12 Certain Pasteurization Devices Exempt from...

  The Missouri Department of Revenue recently issued a letter ruling...

• 05.07.12 Glucose Strips Are Subject to Tax in Alabama

  The Administrative Law Division of the Alabama Department of...

• 05.03.12 Alabama to Hold Sales Tax Holiday for Severe...

  On the recommendation of the Tornado Recovery Action Council, the...