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Additionally, local taxing authorities can impose their own sales tax. Currently, the majority of Utah's aggregate sales taxes are in the range of 6.1 – 8.35%. Utah has a 16.350% sales tax on rental cars in Salt Lake City. [197] The sales tax on food and food ingredients is 3.0% statewide.
As of 2018, Section 1031 can only be used in connection with sales of real property. Prior to the 2018 tax law changes, exchanges of personal property could qualify under Section 1031. Exchanges of shares of corporate stock in different companies did not qualify.
The Illinois Department of Revenue has increased in size in line with the creation of new taxes within the state and the expansion of existing taxes. A gasoline tax was enacted in Illinois in 1927, the sales tax was enacted in 1933; the state income tax was enacted in 1969, and the first lottery tickets were sold in 1974 in the state capital of ...
The vast majority of the taxes collected in Florida comes from the sales tax. Florida has a sales tax that you pay when you buy most goods and some services. The sales tax rate can vary depending ...
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The average effective sales tax for different income groups of the combined 50 States (2007) [81] There is no federal sales or use tax in the United States. All but five states impose sales and use taxes on retail sale, lease and rental of many goods, as well as some services.
If you're an Illinois resident or business owner, you have until April 18, 2023, to file your Illinois state income taxes. If you're expecting a refund this year, this quick guide explains how to...
Wholesale sales tax, a tax on sales of wholesale of tangible personal property when in a form packaged and labeled ready for shipment or delivery to final users and consumers; Retail sales tax, a tax on sales of retail of tangible personal property to final consumers and industrial users [3] Gross receipts taxes, levied on all sales of a ...