- Vertex’s 2025 Mid-Year Report shows over 400 changes to U.S. sales tax rates and rules, increasing compliance complexity for businesses.
- There was a 24 percent increase in sales tax rate changes compared to the first half of 2024.
- Most updates come from local jurisdictions, with only one state, Louisiana, raising its sales tax rate this year.
- Economic factors like inflation, trade disruptions, and consumer spending affect tax policy changes.
- Federal tax policy uncertainty, including tariffs and federal funding, influences these changes.
- Local jurisdictions adjust tax policies to support essential services.
- Louisiana increased its sales tax rate from 4.55 percent to 5 percent.
- County rate changes rose by 42 percent, and district rate changes increased by 23 percent.
- New taxing jurisdictions saw significant growth, with new counties, cities, and district taxes increasing.
- City sales tax rate increases outnumbered decreases by a ratio of 6 to 1.
Source: fox2now.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.
