Get CO Sales/Use Tax Return - City of Louisville

A use tax is supposed to protect in-state retailers against unfair competition from out-of-state sellers that aren't required to collect tax. It is also enacted to ensure that all of a state's residents help fund state and local programs and services, regardless of where they shop.

Use tax is a sales tax on purchases made outside one's state of residence for taxable items that will be used, stored or consumed in one's state of residence and on which no tax was collected in the state of purchase.

Sales tax is generally added to the sales price and is charged to the purchaser. ... In Seller Privilege Tax states, the seller is primarily liable for the tax. The seller must pay the tax whether or not the tax is collected from the purchaser. The tax is generally imposed on the privilege of doing business in the state.

Simply put: sales tax is collected by the merchant on taxable items they sell; consumers' use tax is paid by the buyer on taxable items they purchase. The rate for use tax is generally the same as sales tax and is based on the rate for the tax jurisdiction where the item was received or consumed.

California: Use tax must be reported on income tax returns. California taxpayers owe consumer use tax on purchases of taxable goods or services for storage, use, or other consumption in California when the seller didn't collect sales tax at checkout.

Anyone who buys tangible personal property from out-of-state and brings it into South Carolina is responsible for paying a use tax of 6% on the sales price of the property. Businesses that regularly make non-taxed purchases from out of state report and pay the use tax on their monthly sales and use tax return.

What Is the Purpose of Sales Tax? A sales tax is a levy or special fee charged on products and services by retailers and service providers on any monies collected from sales. Sales tax includes state, county and local taxes, and in most cases, constitutes a certain percentage of cost passed onto the consumer.

The Short Answer: Sales tax is a tax on retail purchases. It is used to pay for state and local budget items like schools, roads and fire departments. The Detailed Answer: Sales tax is a consumption tax, and is generally charged on the sale of products from retailers to individual consumers.

Sales Tax - Evidence of Advantages They found that per dollar collected, corporate income taxes did $1.55 in damage to the economy. Income taxes were somewhat more efficient in only doing $0.56 worth of damage per dollar collected.

Most state and local sales tax revenue goes to general government expenditures because it's added to the general fund, along with money from other sources, such as licensing fees and income taxes. For example, 84 percent of Oklahoma's sales tax goes to its general fund.

Look for a company that has no physical address in the state where you live. You will avoid paying sales tax when shopping online only if your purchases qualify as "out of state." You may be able to find the physical address of a store by visiting their website or by checking the shipping page.

The combined sales tax rate for Louisville, CO is 8.635%. This is the total of state, county and city sales tax rates. The Colorado state sales tax rate is currently 2.9%. The Boulder County sales tax rate is 0.985%.

The City of Louisville imposes a local tax of 2.0% on individuals 16 yrs of age and over on all income earned while residing in and/or working within the city limits, with a credit of 60% up to Louisville's Income Tax rate (2%) for taxes paid to other municipalities.

The combined sales tax rate for Louisville, KY is 6%. This is the total of state, county and city sales tax rates. The Kentucky state sales tax rate is currently 6%. The Jefferson County sales tax rate is 0%.

The tax rate is determined by where the employee lives. For employees who work in Louisville Metro, but live outside of Louisville Metro, the occupational fee/tax rate is 1.45% (.0145). For employees who both work and live in Louisville Metro, the occupational fee/tax rate is 2.2% (.0220).