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Washington Initiative 732 (I-732) was a ballot initiative in 2016 to levy a carbon tax in the State of Washington, and simultaneously reduce the state sales tax. It was rejected 59.3% to 40.7%. [ 1 ] The measure appeared on the November 2016 ballot . [ 2 ]
The Washington State Liquor and Cannabis ... a 1.75l bottle of whiskey with a shelf price of $15.99 will have $3.28 in sales tax and $6.60 in liter taxes added at the ...
In November 2019, Ohio became the 12th US state to repeal the pink or tampon tax. [59] Both Representatives Greta Johnson and Brigid Kelly introduced the bills for years and finally became law in November 2019 – that would exempt feminine menstrual products from the state's sales tax. [85]
In actuality, they are simply subject to the normal state sales tax rate in states where they are not tax exempt. Such tax exempt consumer products vary from state to state, but are usually limited to food, prescription drugs, and more rarely, clothing. [10]
For example, Washington state does not have an income tax but levies a B&O (business and occupation tax) which is arguably a larger burden because the B&O tax is calculated as a percentage of revenue rather than a percentage of net income, like the corporate income tax. This means even loss-making enterprises are required to pay the tax.
Following $67.5 million in sales/excise tax revenue during the first full year of legal sales along with a change in the regulatory tax structure to a single 37% retail rate, the state's Economic and Revenue Forecast Council estimated in 2015 that annual marijuana tax revenues would rise several-fold, reaching $369 million by the 2019 fiscal year.
Washington's state base sales tax is 6.5%, which is combined with a local sales tax that varies by locality. The combined state and local retail sales tax rates increase the taxes paid by consumers, depending on the variable local sales tax rates, generally between 7.5% and 10%. [ 184 ]
The Streamlined Sales and Use Tax Agreement (SSUTA) [1] focuses on four major requirements for simplification of state and local tax codes: 1) state level administration, 2) uniform tax base, 3) simplified tax rates, and 4) uniform sales sourcing rules.