Sentences with phrase «percent sales tax levied»

Of the total 8 percent sales tax levied in Ulster County, the state keeps half.

Colorado currently charges a 15 percent excise tax rate, in addition to the 2.9 percent sales tax levied on all sales in the state.

Not exact matches

Doug Mataconis, a political blogger, writes that Cain is «either blind or idiotic to ignore the impact that a combined federal and state sales tax would have in jurisdictions that already do have a sales tax, and the impact that a combined levy approaching 20 percent on the sale of goods would have on the middle class, and on small businesses.»

Over the weekend, the Middle East Monitor reported that the country's new budget would increase the VAT by two percent and levy new taxes on the sale of old cars and homes.

With the 2 percent limit on local property - tax levies in place, Comptroller Tom DiNapoli said that local governments may need to rely more on sales tax revenue to balance their ledgers.

In general, business pays about forty percent of all sales tax levies in the state, and the Executive Budget proposes a number of sales tax changes that will impact both the providers of these services, as well and business and residential customers of those services.

Was Cahill being serious or just mischievous in suggesting last week that Hein's ability to balance the budget, cut the tax levy and fund millions in new programs could indicate the 1 percent sales tax extension might not be necessary?

The accord stems from what environmental advocates have called a «raiding» of a portion of the Drinking Water Protection Program, a quarter - percent sales tax that Suffolk voters have chosen to levy upon themselves through the year 2030.

In addition, in the event that the county's authority to levy the existing one percent sales - tax is not renewed by the state, the city and towns will share that impact with the county in a 40/60 split.

The deal puts a further onus on the city - and - town shares should the 1 percent extension to the three percent sales tax the county is allowed to levy, an extension that must be renewed by the state every two years, not get state approval.

In addition, in the event that the county's authority to levy the existing 1 percent sales - tax [surtax] is not renewed by the state, the city and towns will share that impact with the county in a 40/60 split.

(Ulster County is technically authorized to levy a 3 percent sales tax alongside the state's 4 percent; the 1 percent extension was first enacted in 1993 and reauthorized by the legislature every other year.)

A report released by the city Independent Budget Office has raised questions about the potential effects of the so - called «mansion tax,» a proposed part of Mayor Bill de Blasio's affordable housing strategy that would levy a 2.5 percent surcharge on the sale price over a threshold of $ 2 million for residential properties.

The tax was a 10 percent levy on the profits from the sale of million - dollar commercial properties.

First, the bad news: The IRS levies a capital gains tax of up to 15 percent, depending on your tax bracket, on the profitable sale of investment property.