Sentences with phrase «percent sales tax rate»

Of the county's 8.75 percent sales tax rate, 4 percent goes to the state, and the remaining 4.75 percent is divided up among the county and its cities, towns and villages using a formula that depends on various factors including where the purchases are made.

Not exact matches

Pfizer posted slightly higher sales and a 14 percent jump in profit in the first quarter, thanks to lower restructuring costs and a much - lower tax rate, but its revenue still missed Wall Street expectations.

Both Washington and Colorado are charging a 25 percent tax on pot sales, with even higher rates in some municipalities.

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.

Chafee has a mixed economic record in Rhode Island, raising its sales tax to reduce its budget deficit, and decreasing the state's corporate tax rate to seven percent from nine percent.

Non-GAAP EPS increased 10 percent to $ 3.47 driven by higher product sales, a lower tax rate and lower weighted - average shares outstanding.

GAAP earnings per share (EPS) increased 16 percent to $ 3.25 driven by higher product sales, a lower tax rate and lower weighted - average shares outstanding.

Lottery winners in 2018 also face a different set of tax circumstances that may affect their final tax bill, including a slightly reduced top tax rate (37 percent, versus 39.6 percent in 2017), and a capping of paid state and local income, sales and property taxes at $ 10,000 as an itemized deduction.

Kansas has the eighth - highest sales tax paid because of its 8.68 percent tax rate.

These consist of the existing 2.9 percent state sales tax (plus local taxes), an additional 10 percent state tax on retail marijuana sales, and a 15 percent excise tax on the «average market rate» of wholesale marijuana.

However, Tennessee has the third - highest sales tax paid, on average, because of its high sales tax rate of 9.46 percent.

A 1 percentage point reduction in tax rates increases investment by 4.7 percent of installed capital, increases payouts by 0.3 percent of sales, and decreases debt by 5.3 percent of total assets.

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.

Gross margin of 61.9 percent came in ahead of the 59.7 percent the analyst expected due to a favorable mix of higher - margin datacenter segment sales, while a lower - than - expected tax rate also helped the company report an earnings beat.

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.

While Manhattan condo developers pay the top 39.6 - percent rate on apartment - sale profits, rental developers usually pay the 20 - percent capital gains rate (which would not be reduced in the new tax plan).

While differences remain in several areas, creditors want Greece to raise the equivalent of 1 percent of gross domestic product more from VAT in 2016 and this could be achieved by raising sales tax on catering to a rate of 23 percent from 13 percent, the two EU officials said.

Suggesting the village, perhaps, doesn't do enough to capitalize, Holland mused that Frankfort ought to advertise its low rate via billboard in Orland Park, where shoppers pay 8.75 percent sales tax.

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.»

They included measures that would let White Plains increase its sales tax by.25 percent, Franklin County impose a hotel tax of 5 percent, and Cortland and Broome Counties keep their current sales tax rates.

«What we're talking about is potentially a 25 percent reduction in sales taxes [the difference between a 3 percent and 4 percent rate] paid by Ulster County residents and all those tourists the executive says are flooding into the county,» he said.

The 5 percent surplus will be spread among 41 cities, towns and villages, deemed a credit positive by Moody's, the credit rating agency which released a report on the sales tax revenue.

In what was perhaps the biggest budget surprise, Murphy called for restoring the sales tax rate to seven percent from the current 6.625 percent, which he says would raise around $ 546 million in revenue.

Our nation - leading state sales tax rate of 7.25 percent went up to 7.5 percent.

Lawmakers want to cap the local sales tax rate to 2.5 percent.

Sen. David Argall, R - Schuylkill, will introduce the leading proposal, which would increase the income tax rate by 60 percent and hike the state sales tax rate by 17 percent while applying it to a wider range of goods and services, such as groceries, clothing, basic TV and funeral services.

As an example, the IPA writes, «In Kenya, a 16 - percent VAT (value added tax) rate imposed in 2013 has caused nationwide book sales to fall 35 percent, driven down public school performances, and ushered in an era in which pirated textbooks now outsell their legitimate counterparts.»

Although New York's base sales tax rate appears reasonable at 4 percent, the regional adjustments bring it in line with some of the highest sales tax rates in the country.

Some upstate counties and cities have rates as low as 7 percent combined while New York City has a combined sales tax rate of 8.875 percent, which includes the 4 percent state sales tax, three - eighths percent Metropolitan Commuter Transportation District sales tax and 4.5 percent city sales tax.

The maximum capital gains tax rate of 20 percent applies generally to the sale of REIT stock.

However, gains on the sale of collectibles (e.g., antiques, works of art and stamps) are taxed at a maximum rate of 28 percent.

If you fall under the law's requirements, you'll have to pay 23.8 percent in federal income taxes on your home - sale profits over and above the $ 250,000 / $ 500,000 exclusion rather than the 20 percent rate that you'd otherwise face.

Ultra-low sulfur diesel had a lower tax rate than regular diesel, which caused its share of domestic diesel sales to jump from 5 percent in July 1998 to 43 percent in February 1999; by the end of 1999, the nation had completely converted to ultra-low sulfur diesel.

If they hold the property for a year or more before selling, sale proceeds are considered long - term capital gains and are taxed at a 15 percent rate.

Existing - home sales1, which are completed transactions that include single - family, townhomes, condominiums and co-ops, fell 3.8 percent to a seasonally adjusted annual rate of 4.81 million in May from a downwardly revised 5.00 million in April, and are 15.3 percent below a 5.68 million pace in May 2010 when sales were surging to beat the deadline for the home buyer tax credit.

Change the tax rate of gain on sale of real property that represents depreciation recapture from the current - law rate of 25 percent to ordinary income tax rates.

A stock sale is considered a personal transaction subject to a 20 percent personal capital gains tax, whereas the sale of assets would be attributed to the corporation and would be taxed at the corporate rate, which is often higher.

The maximum capital gains tax rate of 20 percent applies generally to the sale of REIT stock.

Under existing law, a party desiring to redeem property sold to the state for unpaid taxes is required to pay the amount for which the property was sold, the amount of all taxes due on the property since the date of sale, plus interest at a rate of 12 percent.

Business Tax Items • Permanently extends the 2001/2003 tax rates for adjusted gross income levels under $ 450,000 ($ 400,000 single); good for small business and home builders, 80 % of whom are pass - thru entities who pay taxes on the individual side of the code • Permanently extends the Alternative Minimum patch; again, good for small business owners who are frequently at risk of paying AMT • Permanently sets the parameters of the estate tax; positive for family - owned construction firms; codifies the 2010 $ 5 million exemption amount (indexed to inflation) and a 40 percent estate tax rate • Extends present law section 179 small business expensing through the end of 2013; offers cash flow and administrative cost benefits for small firms • Extends the section 45L new energy - efficient home tax credit through the end of 2013; allows a $ 2,000 tax credit for the construction of for sale and for - lease energy - efficient homes in buildings with fewer than three floors above grTax Items • Permanently extends the 2001/2003 tax rates for adjusted gross income levels under $ 450,000 ($ 400,000 single); good for small business and home builders, 80 % of whom are pass - thru entities who pay taxes on the individual side of the code • Permanently extends the Alternative Minimum patch; again, good for small business owners who are frequently at risk of paying AMT • Permanently sets the parameters of the estate tax; positive for family - owned construction firms; codifies the 2010 $ 5 million exemption amount (indexed to inflation) and a 40 percent estate tax rate • Extends present law section 179 small business expensing through the end of 2013; offers cash flow and administrative cost benefits for small firms • Extends the section 45L new energy - efficient home tax credit through the end of 2013; allows a $ 2,000 tax credit for the construction of for sale and for - lease energy - efficient homes in buildings with fewer than three floors above grtax rates for adjusted gross income levels under $ 450,000 ($ 400,000 single); good for small business and home builders, 80 % of whom are pass - thru entities who pay taxes on the individual side of the code • Permanently extends the Alternative Minimum patch; again, good for small business owners who are frequently at risk of paying AMT • Permanently sets the parameters of the estate tax; positive for family - owned construction firms; codifies the 2010 $ 5 million exemption amount (indexed to inflation) and a 40 percent estate tax rate • Extends present law section 179 small business expensing through the end of 2013; offers cash flow and administrative cost benefits for small firms • Extends the section 45L new energy - efficient home tax credit through the end of 2013; allows a $ 2,000 tax credit for the construction of for sale and for - lease energy - efficient homes in buildings with fewer than three floors above grtax; positive for family - owned construction firms; codifies the 2010 $ 5 million exemption amount (indexed to inflation) and a 40 percent estate tax rate • Extends present law section 179 small business expensing through the end of 2013; offers cash flow and administrative cost benefits for small firms • Extends the section 45L new energy - efficient home tax credit through the end of 2013; allows a $ 2,000 tax credit for the construction of for sale and for - lease energy - efficient homes in buildings with fewer than three floors above grtax rate • Extends present law section 179 small business expensing through the end of 2013; offers cash flow and administrative cost benefits for small firms • Extends the section 45L new energy - efficient home tax credit through the end of 2013; allows a $ 2,000 tax credit for the construction of for sale and for - lease energy - efficient homes in buildings with fewer than three floors above grtax credit through the end of 2013; allows a $ 2,000 tax credit for the construction of for sale and for - lease energy - efficient homes in buildings with fewer than three floors above grtax credit for the construction of for sale and for - lease energy - efficient homes in buildings with fewer than three floors above grade

He says Hatch's bill would have a positive impact on real estate sales by ending the stagnation brought on in part by a 28 percent capital gains tax rate.

Additionally, when a real estate investment is sold, the gain on the sale is taxed at a 15 percent rate, depending on the investor's adjusted gross income.

After the Federal home buyer tax credit expired at the end of April 2010, sales slowed throughout the country in summer and fall 2010 (ii)-- even though mortgage rates remained low, and dropped below 4 percent in the fall.