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The highest sales tax in Washington is on liquor. The spirits sales tax is 20.5% of the value of the product purchased [216] and a $3.7708 per liter spirits liter tax is assessed on spirits sold to consumers. [217] 1 April 2008 saw tax increases in King County (+.001), Kittitas County (+.003), Mason County (+.001), and the city of Union Gap ...
Wholesale sales tax, a tax on sales of wholesale of tangible personal property when in a form packaged and labeled ready for shipment or delivery to final users and consumers; Retail sales tax, a tax on sales of retail of tangible personal property to final consumers and industrial users [3] Gross receipts taxes, levied on all sales of a ...
During his tenure, he created a two-percent sales tax, expanded the Maine Development Commission, and began a long-range highway modernization program financed by a $27 million bond issue. [ 3 ] During Payne's second term as governor, he was accused of accepting a bribe involving the state liquor industry.
A tax-free shopping retailer. Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax.
Nine U.S. states do not levy a broad-based individual income tax. Some of these do tax certain forms of personal income: Alaska – no individual tax but has a state corporate income tax. Alaska has no state sales tax, but lets local governments collect their own sales taxes.
From an entity's perspective, the shift from sales to use tax is the equivalent of shifting from an expense account (profit and loss statement implication) to a liability account (balance sheet implication). To illustrate sales tax, if company XYZ, Inc. purchased $40 of office supplies from an in-state vendor that collected $10 of sales tax:
Tax increment financing in the state of Maine allows a town or city to define, after applying to the state, a certain region or business within its borders as a TIF district. The local tax revenues generated by that district are, one, dedicated to a specific project or economic development fund, and two, are not counted towards the municipality ...
It is the largest bank headquartered in Maine and was founded in 1875. [ 2 ] [ 1 ] On September 10, 2024, it announced that it would acquire Northway Financial Inc. (NFI) [ 3 ] In January 2025, the bank's parent company, Camden National Corporation, announced the completion of the merger of its operations with NFI.