Sentences with phrase «local sales tax based»

Not exact matches

So if we assume a 9 % California sales tax on an inclusive basis (to match the 25 % VAT), that still leaves 6 % to pay local income taxes.

Moody's also expects the host municipalities to see increases in local property tax bases driven by the new construction and the growth in sales revenue

Another approach which is used in U.S. state and local taxation by virtue of an interstate compact, is to have entities (or consolidated groups of corporations) prepare one tax return for the entire world and then to allocate pro-rata percentages of that global return to different jurisdictions based upon a handful of factors that are relatively hard to manipulate and bear a meaningful relationship to where income is earned such as sales, employment and the location of physical assets.

Walker's bill would exempt construction materials from the state and local sales tax and hand the company up to $ 2.85 billion in tax credits based on the number on the number of jobs generated.

The base price of the Porsche 911 GT3 R is 279,000 euros plus local sales tax / VAT.

To do so, would I list the tax as «Vehicle and Personal Property Tax» where value - based registration taxes go (1040 Schedule A line 7) or «State and Local Sales Tax» (1040 Schedule A line tax as «Vehicle and Personal Property Tax» where value - based registration taxes go (1040 Schedule A line 7) or «State and Local Sales Tax» (1040 Schedule A line Tax» where value - based registration taxes go (1040 Schedule A line 7) or «State and Local Sales Tax» (1040 Schedule A line Tax» (1040 Schedule A line 5)?

The IRS allows you to either (1) use your actual sales taxes (as documented by keeping receipts) OR (2) use a table based approach where you lookup a spending amount by income level, and then apply your state / local rate to get an imputed amount of sales tax to deduct.

The IRS has tables that show how much residents of various states can deduct, based on their income and state and local sales tax rates.

For the avoidance of doubt, Gross Revenues shall (A) exclude monies received from any source other than the sale of electric energy and capacity, including, without limitation, any of the following: (i) any federal, state, county or local tax benefits, grants or credits or allowances related to, derived from, or granted to the Wind Energy Project or Grantee, including, but not limited to, investment or production tax credits, or property or sales tax exemptions, (ii) proceeds from financing activities, sales, assignments, partial assignments, contracts (other than the power purchase agreement) or other dispositions of or related to the Wind Energy Project (such as damages for breach of contract or liquidated damages for delays in project completion or failures in equipment performance), (iii) amounts received as reimbursements or compensation for wheeling costs or other electricity transmission or delivery costs, and (iv) any proceeds received by Grantee as a result of damage or casualty to the Wind Energy Project, or any portion thereof and (B) include any revenues derived from Grantee's sale of carbon dioxide trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags, tradable renewable credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any voluntary registry, association or market - based exchange.

The bill would help states and local governments collect much - needed revenue and level the playing field for community - based businesses by allowing states to enforce sales taxes on goods sold to their citizens from out of state.

In general, transfer taxes listed under § 1026.37 (g)(1) are State and local government fees on mortgages and home sales that are based on the loan amount or sales price, while recording fees are State and local government fees for recording the loan and title documents.