Vendors

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  • Topic: Sales taxes in the United States, Regressive tax, Value added tax
  • Pages : 7 (689 words )
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  • Published : April 10, 2013
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STATE SALES TAX RATES AND VENDOR DISCOUNTS
(January 1, 2013)
STATE
ALABAMA
ALASKA
ARIZONA (9)
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA (2)
IOWA
KANSAS (9)
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA (9)
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH (3)
VERMONT
VIRGINIA (3)
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
DIST. OF COLUMBIA
U. S. MEDIAN

STATE SALES
VENDOR
TAX RATE
RANK
DISCOUNT
MAX/MIN
4.0%
38
5.0%-2.0% (1)
$400/month (max)
------------------------- ----------N/A---------------------------------------6.6% 9
1.0%
$10,000/year (max)
6.0%
16
2.0%
$1,000/month (max)
7.50%
1
None
2.9%
46
2.22% (4)
6.35%
11
None
------------------------------------N/A---------------------------------------6.0% 16
2.5%
$30/report (max)
4.0%
38
3.0%-0.5% (1)
4.0%
38
None
6.0%
16
None (5)
6.25%
11
1.75%
$5/year (min)
7.00%
2
0.73% (2)
6.00%
16
None
6.3%
11
None
6.0%
16
1.75%-1.0% (1)
$1,500/period (max)
4.0%
38
1.1%
5.0%
31
None (5)
6.0%
16
1.2%-0.90% (1)
$500/return (max)
6.25%
11
None
6.0%
16
0.5% (6)
$6/monh (min), $15,000/month (max)
6.875%
7
None
7.0%
2
2.0%
$50/month (max)
4.225%
37
2.0%
------------------------------------N/A----------------------------------------5.5% 28
2.5%
$75/month (max)
6.85%
7
0.25%
------------------------------------N/A----------------------------------------7.0% 2
None
5.125%
30
None
4.0%
38
5.0%
$200/quarter (max)
4.75%
34
None
5.0%
31
1.5%
$93.75/month (max)
5.5%
28
0.75%
4.5%
36
1.0%
2,500/month (max)
------------------------------------N/A----------------------------------------6.0% 16
1.0%
7.0%
2
None
6.0%
16
3.0%-2.0% (1)
$3,100/year (max)
4.0%
38
None
7.0%
2
None
6.25%
11
0.5% (7)
4.7%
34
1.31%
6.0%
16
None (5)
4.0%
38
1.6%-0.8% (8)
6.5%
10
None
6.0%
16
None
5.0%
31
0.5%
$10/period (min)
4.0%
38
None
6.0%
6.0%

16

None
26 states allow vendor discounts

Source: Compiled by FTA from various sources.
(1) In some states, the vendors' discount varies by the amount paid. In AL and SC, the larger discounts apply to the first $100. In GA, the larger discount applies to the first $3,000. In KY, the larger discounts apply to the first $1,000, while MD applies the larger discount to annual collections of $6,000. The lower discounts apply to the remaining collections above these amounts.

(2) Utilities are not permitted to take discount. Collection allowances are 0.73% if total sales tax collected is less than $60,000; 0.53% if total taxes is between $60,000 and $600,000; 0.26% if total sales tax collected is more than $600,000. (3) Rate does not include a statewide local rate of 1.0% in VA and 1.25% in UT. (4) Local option sales tax discount varies from 0% to 3.33%. (5) Vendors are allowed to keep any excess collections prescribed under the bracket system. (6) Vendor discount only applies to the first 4.0% of the tax. A 0.75% discount if paid by the 7th of the month. (7) An additional discount of 1.25% applies for early payment. (8) Discount varies; 1.2% (1.6% for food) of the first $62,500, 0.92% (1.2%) of the amount to $208,000, and 0.6% (0.8%) of the remainder. Applies to the state tax only. No discount allowed on electronically file returns. (9) Sales tax rate in AZ is scheduled to fall to 5.6% on 6/1/13; KS will fall to 5.7% and NV will fall to 6.5% on 7/1/13. FEDERATION OF TAX ADMINISTRATORS -- JANUARY 2013

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