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Indiana imposes a 7% sales tax on most transactions. [6] City governments in the state are also permitted to impose sales taxes. Notable exceptions to the state sales tax are food and prescription drugs. The sales tax is set entirely at the state level, although some of its proceeds are used to fund local government.
The commission has developed a Uniform Sales and Use Tax Exemption Certificate used by most states. The Multistate Tax Compact [3] provides that the MTC may conduct audits of taxpayers on behalf of those states specifically authorizing such action. The Compact also provides definitions of terms that may be used by states in writing their tax laws.
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 ...
Today's NYT Connections puzzle for Sunday, December 15, 2024The New York Times
If someone sells less than $4 million in annual sales, they do not have to collect or pay sales tax on out-of-state sales. Ohio Sales Tax Resale Certificate Example: If living in Ohio and selling or shipping something to someone else in Ohio, then one must collect and pay sales tax to the State of Ohio. But if selling the same item to someone ...
With a government shutdown narrowly avoided late Friday into Saturday morning, the House and Senate sent a funding bill to President Joe Biden's desk. An initial bipartisan deal was tanked earlier ...
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