For your state and one of its neighbors, find the following sales/use tax rules. Place your data

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For your state and one of its neighbors, find the following sales/use tax rules. Place your data in a chart and e-mail your findings to your professor.

a. What are the requirements for the occasional-sale rule as an exception to the sales/ use tax? Who can use this rule?
b. Describe any exemptions from the sales/use tax base that are allowed for transactions involving groceries, school clothing and supplies, religious goods, and legal services.
c. What is the discount allowed, if any, when a vendor remits sales/use tax to the state in a timely manner?
d. Is manufacturing equipment exempt from the sales/use tax? Medical devices for a clinic? Medical devices for a consumer?
e. Can a vendor use an electronic funds transfer system to remit its sales/use tax collections? If so, when is it required to do so?

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South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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