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Local rates vary based on an individual's location at the point of purchase and can total up to 3.1% for a combined rate of 9.6%. [209] In addition, due to the large number of Native American reservations located within the state, sales-tax rates, if any, can vary based on state treaties with each nation. [210] [211]
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Conversely, not all cuts in VAT are passed on in lower prices. VAT consequently leads to a deadweight loss if cutting prices pushes a business below the margin of profitability. The effect can be seen when VAT is cut or abolished. Sweden reduced VAT on restaurant meals from 25% to 12.5%, creating 11,000 additional jobs. [20]
A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuel tax receipts are often dedicated or hypothecated to transportation projects, in which case the fuel tax can be considered a user ...
The cut is the fifth income tax reduction under Gov. Mike Parson, who in announcing the cut earlier this year touted the state's economy, which he said added 70,000 jobs in 2024 and ranks "first ...
Alabama Gas Corporation, known as Alagasco, was the largest natural gas utility in the north and central part of Alabama. It was headquartered in Birmingham and at its peak provided natural gas energy to 460,000 homes and businesses. In 2014, Energen Corporation sold Alagasco to The Laclede Group of St. Louis.