Sales and Use Tax
Year Started
Sales Tax 1933; Use Tax 1935
What is Taxed?
Sales of tangible personal property; use or storage of property when sales tax not paid
Who Pays?
Retailers of tangible personal property; purchasers, under certain circumstances
Number of Registrants
1,046,253 representing 1,245,430 business locations as of June 30, 2010. The above number includes 224,244 use tax registrants.
| Tax Rate | 09-10 Revenues | Revenue Change from 08-09 | Fund Allocation – How Funds Are Used |
|---|---|---|---|
| 7.25% (state portion of 8.25% uniform statewide rate) effective 4-09 | $30.0 billion | +8.3% | 6.00% General Fund effective 4-09 0.50% Local Revenue Fund |
| $2.3 billion | -3.8% | 0.50% Local Public Safety Fund | |
| $1.2 billion | -6.2% | 0.25% Fiscal Recovery Fund |
Citation of the Law