Sales and use tax

Community News

Towards a Uniform National Sales Tax System

The nationwide effort to create a uniform sales tax system is under way and gaining steam, as 13 states, so far are cooperating to create a streamlined collection process.The Streamlined Sales and Use Tax Agreement is a multi-state initiative meant to simplify the varying sales tax laws for businesses that sell their products in multiple states.Forty-four states agreed, in November 2002, to participate in the program. The agreement officially took effect last October, when the 13 states became full members.
Tax

Progress in Voluntary Internet Sales Tax Program

The Streamlined Sales Tax Project (SSTP) is moving toward a milestone. SSTP is an effort to merge all the differing methods of assessing and collecting taxes from sales made via the Internet into one certified national program. Toward that goal, the voluntary program should begin certifying the first states as members by the end of June. Twelve or thirteen states are expected to become full project members by the June 30th. Another six or seven are expected to join the program soon after that.
Tax

Average Combined Sales Tax Rate Reaches Record Level

The 2004 Sales Tax Rate Report released by Vertex Inc., shows the average sales tax rate in 2004 reached a record high of 8.587 percent, up from 8.5336 percent in 2003. This increase completes a four- year upward trend in the average sales tax rate that began in 1999 when the average rate was 8.231 percent."Local jurisdictions continue to function with less federal and state funding and look to sales tax rate increases as one method to help fill the gap for local program financing," says Diana DiBello, Director of Tax at Vertex.
Tax

Complete Analysis of the Working Families Tax Relief Act of 2004 Available

RIA, a Thomson business and the premier provider of technology and information to tax professionals in accounting firms, corporations, law firms and the public sector, announces the availability of RIA’s Complete Analysis of the Working Families Tax Relief Act of 2004 on Checkpoint, the integrated solution for online tax and accounting information.The Working Families Tax Relief Act of 2004, about to be signed into law, includes a number of tax breaks for individuals and their families, as well as business.

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