Sentences with phrase «percent sales tax for»

You have a flat, 10 percent sales tax for everybody, for every purccase that they make,» explained Funiciello.

Not exact matches

Fourteen percent of our sales are really digital — what does that mean for a country in terms of enhancing our overall competitiveness when you can buy your goods and completely avoid the Canadian tax net?

Forgoing the 6 percent to 10 percent sales tax on items like clothing, school supplies and select electronics can mean big savings for parents, but it also represents an opportunity for small businesses.

Colorado was the first state to legalize adult use in 2012 and its market has been open for only two years, bringing in $ 135 million in taxes from cannabis sales and license fees (up 77 percent from $ 76 million in 2014).

Small businesses in Chicago, for instance, already deal with a sales tax of 9.75 percent.

For the state, it could mean falling short of the $ 44 million to $ 82 million in annual revenue it expected to collect from the 17 percent tax on pot sales.

Perhaps the biggest red flag for businesses is the 9 percent national sales tax Cain is proposing.

Meanwhile, households would still be liable for state and local sales taxes, which currently average 6.5 percent.

In addition, sales tax is a reasonable 4 percent for 2017.

For example, a retailer based in New York that sells a product to a consumer in Chicago must factor in a 1.25 percent Chicago city sales tax, a 1.75 percent Cook County sales tax, the 6.25 percent Illinois sales tax and a 1 percent «special» sales tax.

If the buyer paid sales tax in another state that was equal to Connecticut's rate — 6.35 percent, or 7 percent for cars worth $ 50,000 or more — then the DMV doesn't collect an additional tax.

If no sales tax was paid, Connecticut's DMV collects the full sales tax at 7 percent for luxury vehicles worth $ 50,000 or more.

For example, it has been projected that once you throw in state and local sales taxes, some areas of the country could be facing a combined sales tax as high as 17 percent once the 9 -9-9 plan is implemented.

To woo Amy's Kitchen, the state committed to a credit of 26 percent on income, payroll and sales taxes for 15 years.

Chicago's sales tax rate will hit a whopping 10.25 percent next year, and just in time for Oscar Mayer to move into its new digs in the AON Center near Millennium Park, the Chicago City Council passed the largest property tax increase in modern city history.

Some $ 24 million in cuts are due to a new 2 percent handling fee the state is charging local governments for managing sales tax revenue, a part of the transit agencies» funding, according to the Tribune.

In 1986 lotteries accounted for an average of only 3.3 percent of the total revenue raised by lottery states — far below the amount raised by income and sales taxes.

Talk - show hosts on the club's flagship radio station are bashing it, and some newspaper columnists are railing against the half - percent sales - tax increase, which could generate up to $ 92.5 million for the facility.

For those using the country club, the sales tax will rise 0.5 percent now and another 0.5 percent starting July 1.

In Zimbabwe, income is generated for governments through the 17.5 percent sales tax on imported formula and a 10 percent import duty.

Gov. Charlie Baker is calling for a discussion about lowering the state's 6.25 percent sales tax, but he isn't offering any specifics.

This property has since become one of the world's «premier destination [s] for wealthy foreigners with rubles, yuan, and dollars to hide,» largely due to the tax breaks it receives: the anonymous purchaser of a $ 100 million duplex in that building will need to pay a property tax bill with «an effective rate of 0.017 percent of its sales price.»

In a last - minute scramble to boost revenue, House Democrats in late June suggested pushing the state sales tax to 6.99 percent and allowing towns to tack on another percentage point for food and...

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

Senators approved dozens of bills authorizing localities to charge an extra penny (or more) of sales tax beyond the three percent authorized as of right; Democrats in the Assembly yoked them into an omnibus bill that also extended mayoral control for two years.

In other action, Parete called the legislature into special session for Thursday at 7 p.m. to consider home - rule legislation to extend the 1 percent sales tax through 2015.

The fund comprises one of several dedicated revenue streams created by the sales tax — another being open space preservation, for example — which is one - quarter of one percent, and critics say the choice to use it to close a budget gap violates the terms under which voters agreed to tax themselves.

Observers speculate that Cahill will include election costs in the next 1 percent extension of the sales tax, which comes up for negotiations in October.

Last month, the Ulster County Legislature unanimously approved and the county executive signed a resolution that formally requested the state legislature to extend the county's 1 percent sales tax add - on for another two years, beginning next January.

«If this four percent increase were to go through the entire year, we would have a budget surplus, because we budgeted for less sales tax growth,» Mahoney said.

The property tax accounts for about 40 percent of the city's revenue each year, twice as much as the personal income tax (about 20 percent) or sales tax (roughly 14 percent).

Giambra's proposal includes a 13 percent tax on cannabis for permits and licensing fees plus an additional 7 percent state and local sales tax.

A coalition of Colorado business groups on Friday announced they will collect signatures to try and ask voters in November for a 0.62 percent sales tax increase to raise money for the state's billions of dollars in infrastructure needs.

The city, benefiting from an economy that boosted sales and income tax collections 15 percent since fiscal 2014, on Tuesday is selling $ 1 billion of bonds backed by that revenue to pay for capital projects.

Year - over-year tax collections from the personal income tax and sales tax in 46 states have grown by more than 10 percent from April through June, but revenue on the local level remains stagnate compared to last year, The Rockefeller Institute for Public Policy found.

The city of Yonkers was authorized on Thursday to increase its sales tax by one half of one percent and impose a new occupancy tax for hotel rooms after Gov. Andrew Cuomo approved the home - rule legislation.

He says Bellone planned for a 4.66 percent growth in sales tax, but it will actually be one percent lower.

The legislation captures an infinitesimal six percent of city sales tax, for a one - time need, in order to make desperate repairs to a degraded subway system that serves its residents and businesses.

Sales taxes make up about 40 percent of general fund net revenue for the county; while property taxes produced only 20 percent in 2014.

Every few years, for instance, Erie County must ask the state's permission to raise additional sales tax beyond the «permanent» 3 percent.

In doing so, he taps the fund balance for only about $ 10 million, while penciling in a modest 2.5 percent increase in projected sales - tax revenues.

Sales tax continues to be the biggest source of revenue for the county at an estimated $ 117.6 million, up 2 percent.

• In the post-cap era, transactions for which either no sales tax was paid or the closing was conducted out of state dropped from 21.5 percent in the pre-cap era to an estimated 12.8 percent after the sales tax cap was implemented.

Combined with the existing 4 - percent sales tax, marijuana sales could generate nearly $ 436 million in taxes for the state and $ 336 million for the city, Stringer's office found.

The tax would apply a 2.5 percent property transfer surcharge on home sales of more than $ 2 million, generating $ 336 million and fund affordable housing for the elderly.

Under Giambra's plan the state would institute a 13 percent excise tax, permits and licensing fees for the new industry and a 7 percent state and local sales tax.

Under the usual screaming headlines, the Daily Movement announced that Ways and Means Chairman Gerentine had sent a letter asking Assemblyman Kevin Cahill if he had any conditions for renewal of the county's 1 percent sales - tax extension.

In 2014 - 15, sales - tax revenues accounted for 33 percent of all revenues taken in by Ulster County while the 2017 budget anticipates that 34 percent of all revenues will be derived from sales tax receipts.

She found herself under fire for voting in the Dutchess County Legislature to impose an energy tax that resulted in a short - lived 3.75 percent sales tax being imposed on all residential heating sources.

This creative agreement provides for the city's sales - tax distribution to remain at 11.5 percent and the towns at 3 percent.»