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In 1997, D.C. Agenda proposed creating a nonprofit, tax-exempt, public-private economic development corporation. [149] The organization, dominated by private developers, would have broad power (including eminent domain and the right to own property) to direct planning and engage in redevelopment of the city's downtown and business corridors.
Nearly all jurisdictions provide numerous categories of goods and services that are exempt from sales tax, or taxed at reduced rates. The purchase of goods for further manufacture or for resale is uniformly exempt from sales tax. Most jurisdictions exempt food sold in grocery stores, prescription medications, and many agricultural supplies.
The Marketplace Fairness Act of 2013 would authorize each member state under the Streamlined Sales and Use Tax Agreement (the multi-state agreement for the administration and collection of sales and use taxes adopted on November 12, 2002) to require all sellers not qualifying for a small-seller exception (applicable to sellers with annual gross ...
While avoiding sales tax all the time is impossible, there are times when you can shop tax-free. Many states offer tax holidays at least once a year. For more great money-saving tips, please sign ...
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.
In the past year, another state sales tax exemption was proposed: feminine hygiene products, including menstrual pads and tampons. Advocates for that proposal argued that those items are medical ...
The items subject to the sales tax exemption may also be restricted by price (e.g., clothing up to $100), but consumers are free to buy unlimited quantities of the included items. As with other sales taxes, visiting residents of non-participating states who purchase tax-free goods (holiday or not) may still have to pay use tax on the goods they ...
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