Sales and Use Tax Concepts

Sales tax as we know it has been around since the 1930s, and adopted in some form by 45 states and the District of Columbia. Today, over 7,500 state and local governments out of a potential 30,000 jurisdictions levy sales tax; and local sales tax is currently authorized in 33 states. Types of sales and use tax and how they are measured Sales tax is a tax on gross receipts from retail sales of products and some services, and is calculated as a percentage of the sales prices. Use tax is a tax…