What happened to the cap on local taxes? Why does full local sales tax apply to purchases?
As of January 1, 2008, local tax caps on single transactions no longer apply except for sales of motor vehicles licensed for highway use, aircraft, watercraft and manufactured housing. Sellers will collect state, city and county taxes at their full rate on the invoice total for all other types of merchandise and sales of services.
Related Questions
- How much time do I have to request my rebates of additional local taxes paid on my eligible business purchases?
- How will the reduction of tariffs and taxes on insecticide-treated bednets affect household purchases?
- What happened to the cap on local taxes? Why does full local sales tax apply to purchases?
