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 instructor.

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?

f. Has the state joined the Streamlined Sales Tax Project? If yes, what is the effective date?

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Related Book For  answer-question

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

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

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