Definition of «sale tax receipts»

Sales tax receipts are documents that provide evidence of payment for goods or services purchased, and which also show the amount of sales tax paid. Sales tax is a form of consumption tax charged on goods and services sold in a particular jurisdiction. The money collected from sales tax goes to the government to help fund various public programs and services. When an individual makes a purchase that incurs sales tax, they are usually given a receipt showing the amount of tax paid along with the total cost of the item or service purchased. Sales tax receipts may also be used for business expense deductions on income tax returns.

Sentences with «sale tax receipts»

  • They say by then the state will know how much money would have come in from quarterly income tax receipts and the holiday sales tax receipts. (wshu.org)
  • From 2008 to last year, sales tax receipts increased only 1.7 percent. (hudsonvalleyone.com)
  • The report from that weak sales tax receipts are a «credit negative» for upstate counties due to their dependence on the revenue for their operating budgets. (nystateofpolitics.com)
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