- Vertex’s 2024 Mid-Year Sales Tax Rates and Rules report highlights the increasing complexity of substate U.S. sales tax rates and rules
- New taxing cities, district taxes, and city-level rate changes are driving this complexity
- It is easier to create new taxing cities and district taxes than to change state sales tax rates
- City rate changes spiked during the first half of the year, with a 67% year-over-year increase
- County and city governments are raising sales tax rates to cope with inflation
- Taxing jurisdictions are also implementing various fees to generate revenue
- Since 2014, there have been thousands of new sales and use taxes implemented and changes made
- The total number of taxing jurisdictions in the U.S. is around 19,000, posing challenges for businesses in compliance
Source: vertexinc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United States"
- Colorado Updates Sales and Use Tax Guidance for Vending Machine Transactions
- Is Pet Food Taxable? How Sales Tax Applies to Pet Food, Prescriptions, and Service Animals
- Horry County Considers 1% Sales Tax Hike to Fund Services, Offer Property Tax Relief
- How the End of the Penny and New Rounding Rules Are Changing Sales Tax Compliance
- State Responses to Penny Shortage and Sales Tax Adjustments
