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Provisions of Texas Sales Taxes
from:Unlike some states, Texas has some additional provisions in within Texas sales taxes. For example, Texas sales taxes command a rate of 6.25 percent, however, local governments and use taxes can accommodate another two percent, making the potential tax 8.25 per cent. Medicines, produce, meats, bakery products, and some other food items are exempt from Texas sales taxes, however, Texas also has a use tax that is equal to the sales tax and applies to items bought outside of Texas and brought into the state. Many states allow residents to buy items in other states, and be exempt from taxes, especially if the resident picks up the product in the state of origin. Unfortunately, Texas is not one of those states and still requires a use tax on certain things brought into the state from another state. Items that are exempt use tax are those used in production or post production such as cameras and camera accessories, film, and other similar items. Some items are not qualifying items for exemption even if they are used in motion picture production such as motor vehicles and trailers, director's chairs, hand tools, gas cans, ladders, shipping cases, and battery chargers.
Texas sales taxes can be very complicated when it comes to items that are exempt from use taxes, so if you're not sure, it's always best to ask an accountant or tax advisor. After all, you don't want to eliminate something that is not qualified and end up paying a penalty. It is much simpler to ask your accountant questions about Texas sales taxes so that you know you are doing the right thing. It is also a good idea to always stay informed since laws are subject to change frequently, and you may miss the notification. This is especially true of municipalities that may not have previously had a sales tax and decide to add one. If you are not aware of the change, you will be charging your customers the wrong rate on sales taxes, and thus, you will have to pay the difference when you submit your taxes to the taxing authorities. Though rare, there is also the possibility that a tax will be lowered or eliminated.
Always remember as a business owner to keep up with all of the current tax laws and provisions. Your knowledge of this will allow you to operate your business efficiently and prevent you from overpaying or underpaying on any of your taxes, including Texas sales taxes. The more informed you are, the less likely you are to make an error that is going to cost you a penalty or create a refund that isn't necessary.
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Taxes Sales By State News
Is an Internet sales tax looming? - United Liberty
 Central Florida News 13 | Is an Internet sales tax looming? United Liberty Part of the reason was that each state's tax code was so complex that it became too onerous for out-of-state retailers to deal with. ... Will Internet Sales Tax Become Law? Is an Internet sales tax coming? Adding an Internet sales tax in an election year - you must be kidding |
Tax study default leaves Nevada lawmakers upset - The Associated Press
Tax study default leaves Nevada lawmakers upset The Associated Press ... business profit taxes, the study suggested Nevada impose taxes on food sales and personal income — both of which are banned by the state constitution. ... Tax study default leaves NV lawmakers upset |
Cap'n Crunch (D-MA) - WCVB-TV
 CBS News | Cap'n Crunch (D-MA) WCVB-TV Rhode Island may be the smallest state, but it offers big savings. when it comes to big boats. In 1993, the Ocean State repealed its Boat Sales and Use Tax, ... Kerry says he mishandled furor over yacht taxes Kerry: Yacht story 'our fault' Don't overlook your state use tax |
Massachusetts sale tax holiday passage thrills retailers - MassLive.com
 MassLive.com | Massachusetts sale tax holiday passage thrills retailers MassLive.com BOSTON - State legislators on Friday unveiled an economic-development bill that includes a sales tax holiday for Aug. 14 and 15. Under a sales tax holiday, ... Sales Tax Holiday One Step Closer Lawmakers agree on 3 casinos, 2 racinos Cheers & Jeers |
Back To School Savings: Sales Tax Holidays In Alabama And Florida - NorthEscambia.com
 WKRG-TV | Back To School Savings: Sales Tax Holidays In Alabama And Florida NorthEscambia.com In Florida, the school sales tax holiday will be the following weekend, August 13-15. It will be the first school sales tax holiday in the Sunshine State ... WAFB Channel 9, Baton Rouge, LA |Louisiana sales tax holiday approaches Hopes high for tax holiday Parents rejoice: State to waive sales tax for back-to-school supplies |
Retailers, Shoppers React to No Sales Tax - WTOK
 WWL First News | Retailers, Shoppers React to No Sales Tax WTOK 'No Sales Tax' signs are posted all over stores in Mississippi, because Friday and Saturday, there is no state sales tax being charged on clothing and ... Sales tax holiday spurs business, losses in tax collections Iowa Sales Tax Holiday Aug.6-7 Sales tax holiday Aug. 6-8 |
Retailers gearing up for sales tax holiday - BusinessWeek
Retailers gearing up for sales tax holiday BusinessWeek Since Monday, the stores nixed the state sales tax on any item. "We did it last year, too," said Ladybug's owner Machelle Pitcock. ... |
Proposal To Increase San Diego Sales Tax - KPBS
Proposal To Increase San Diego Sales Tax KPBS SCOTT, AS WE TAKE THE PROGRAM THE CITY COUNCIL IS MEETING TO DETERMINE WHETHER TO PUT THE SALES TAX INCREASE ON THE BALLOT. GIVE US A BRIEF SUMMARY OF WHAT ... Morning Report: Crisis Meeting at City Hall City weighs putting tax on ballot Contra Costa Cities Put Measures To Increase Sales Tax On Ballot |