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However, unlike Maryland and West Virginia consumer use tax forms, the Virginia CU-7 Consumer Use Tax Form does not recognize that it is possible to be under-taxed in another state and so only addresses untaxed items. Unlike Maryland's quarterly filing, Virginia's CU-7 is due annually between January 1 and May 1 or can be filed optionally ...
For example, where a Vermont resident has not paid at least 6% sales tax on property brought in for use in the state, Vermont law requires filing a tax return (Form SU-452 and payment) by the 20th day of the month following non-exempt purchases to avoid a $50 late fee, a 5% penalty per month, to a maximum of 25%, plus statutory interest on the ...
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is often compared to a sales tax ; the difference is that a gross receipts tax is levied upon the seller of goods or services, while a sales tax is nominally levied upon the buyer (although both are ...
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Aug. 30—Electric utility rates in Longmont are expected to be increased by 6.8% in both 2024 and 2025. During its study session Tuesday, the Longmont City Council indicated its support for the ...
In the United States, every state with a sales tax law has a use tax component in that law applying to purchases from out-of-state mail order, catalog and e-commerce vendors, a category also known as "remote sales". [25] As e-commerce sales have grown in recent years, noncompliance with use tax has had a growing impact on state revenues.
Longmont is a home rule municipality located in Boulder and Weld counties, Colorado, United States. Its population was 98,885 as of the 2020 U.S. Census. [9] Longmont is located northeast of the county seat of Boulder. It is named after Longs Peak, a prominent mountain that is clearly visible from the city (mont means "mountain" in French). [10]
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