Sales tax was a deduction until the 1986 Tax Reform Act “simplified” the tax system.

For tax years beginning in 2004 and 2005, the American Jobs Creation Act of 2004, recently passed by Congress, allows taxpayers to elect to take state and local general sales and use taxes as an ...

It can be hard for Ohio businesses to understand their sales tax obligations because of a lack of clarity as to what’s taxable and what’s exempt. That uncertainty can mean paying much more than needed ...

A consumption tax on the sale of goods and services that states and local governments impose when you purchase certain taxable goods and services. A taxable sale includes any transaction in which ...

Both sales tax and GST are indirect taxes, meaning they are charged on transactions (purchases) instead of income, and the cost is ultimately paid by the person who buys the final product. The ...

Sales Tax on University Purchases. Purchases by Purdue University may be made in Indiana without payment of otherwise applicable Indiana State Gross Retail Sales Tax, where the purchased good or ...