Sentences with phrase «only local sales tax»

Not exact matches

And, while this legislative change relates only to the granting of State sales tax exemptions it should motivate IDAs to revisit and strengthen their own policies pertaining to the granting of local sales tax exemptions,» the report states.

«The local tax extender will affect hundreds of thousands of middle and working class consumers who will pay the local sales tax over and over, which will only raise approximately 161.8 million,» said Sen. Avella.

Only one county in New York saw a year - over-year decrease in local sales - tax revenue.

Local sales tax collections across New York State only grew 1.7 % in the first 6 months of 2016, according to a report released today by State Comptroller Tom DiNapoli.

You can only deduct 1 of the 2 from state, local income taxes OR sales taxes.

Taxpayers who are still able to itemize deductions will only be able to deduct up to a limit of $ 10,000 of combined state and local income taxes and property taxes (or sales tax) paid.

In order to do so you can only deduct state and local sales taxes instead of income taxes on Form 1040, Schedule A.

Prices are in New Zealand dollars and include 15 % GST (local sales tax) Click here for an online currency converter to convert prices to your own currency (approximate only)

The legislation passed by the Senate included changes to the exemption for gains from the sale of a primary residence, elimination of the deduction for state and local income or sales taxes, a cap on the deduction for real property taxes, elimination of the deduction of interest on home equity loans (unless the proceeds of such loans were used to substantially improve the residence), restrictions on the deduction for moving expenses to only active duty military, and restrictions on the deduction for personal casualty losses to Presidentially declared disasters.