Marketplace Fairness Act: TTR Provides Uniform Sales and Use Tax Matrix Solution for All States
Monday, May 20th, 2013
(McMinnville, OR, May 20, 2013) - TTR, the industry leader in providing accurate, current, supported and easy to find sales and use tax answers, has just released the first ever Uniform Sales & Use Tax Matrix ("UTM"). Now, and for the first time, any professional may download a Uniform Sales & Use Tax Matrix for any and all states.
Marketplace Fairness Act
The Marketplace Fairness Act of 2013 requires, in part, that certain states provide "information indicating the taxability of products and services along with any product and service exemption from sales and use tax in the State." TTR's Uniform Tax Matrix is the answer to this requirement.
How did TTR do this?
TTR is already working with several state tax agencies toward the larger goal of simplifying sales and use tax answers nationally. With input from state tax agencies and corporate clients, TTR created a Uniform Tax Matrix ("UTM"). TTR started with a list of common products and services across several industries. Then TTR reviewed every Streamlined Sales and Use Tax Agreement Tax Matrix. TTR then created a Uniform Tax Matrix, containing a standard list of products and services with associated taxability along with specific exemptions from sales and use tax in each state.
TTR's Uniform Tax Matrix is just a small piece of TTR's website. The Uniform Tax Matrix contains just under 300 products and services spanning multiple industries.
This is a fraction of the full TTR website.
TTR currently has thousands of products and services covering over 5 million sales and use tax answers across over 20 industries in all states.
Where do I get the Uniform Tax Matrix?
The DEMO version of the UTM is available now. All states will be available before the end of May, 2013. Please visit TTR at www.ttrus.com and take a look for yourself. Visit the "RESOURCES" page located at www.ttrus.com/resources.php to access a Free Uniform Sales & Use Tax Matrix for every state.
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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