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Sales taxes are imposed only on taxable transfers of goods or services. The tax is computed as the tax rate times the taxable transaction value. Rates vary by state, and by locality within a state. [5] Not all types of transfers are taxable. The tax may be imposed on sales to consumers and to businesses.
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption ...
Form W-4, 2012. Form W-4 (officially, the " Employee's Withholding Allowance Certificate ") [1] is an Internal Revenue Service (IRS) tax form completed by an employee in the United States to indicate his or her tax situation (exemptions, status, etc.) to the employer. The W-4 form tells the employer the correct amount of federal tax to withhold ...
Renewable Energy Certificates (RECs), also known as Green tags, Renewable Energy Credits, Renewable Electricity Certificates, or Tradable Renewable Certificates (TRC s), are tradable, non-tangible energy certificates in the United States that represent proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable ...
This is an attempt to prevent the loss of sales to New Hampshire, which has lower prices and no sales tax. [4] The Maine Department of Public Safety, through the Maine State Police's Liquor and Licensing Division, is responsible for licensing the manufacture, importation, storage, transportation and sale of all liquor. They also administer ...
Backup withholding. In tax administration in the United States, backup withholding is the sending of a portion of a payment (such as a wage) to a tax authority instead of to the payee. This applies to the US IRS and the tax authorities of some states. For the IRS, it applies to some payments reported on Form 1099 which must be submitted to the ...
Solar Renewable Energy Certificate. Solar Renewable Energy Certificates (SRECs) or Solar Renewable Energy Credits, are a form of Renewable Energy Certificate or "green tag" existing in the United States of America. SRECs exist in states that have Renewable Portfolio Standard (RPS) legislation with specific requirements for solar energy, usually ...
Tax increment financing (TIF) is a local public finance tool available to municipal governments in the state of Maine. [1] TIF in the state of Maine refers to a program different from tax increment financing in most states. TIF in Maine refers to a process by which a local government in the state can underwrite their revenues in order to ...