Sales and Use Tax - As of June 30, 2011
Sales Tax 1933; Use Tax 1935
What is Taxed?
Sales of tangible personal property; use or storage of property when sales tax not applicable
Retailers of tangible personal property; purchasers, under certain circumstances
Number of Registrants
1,331,209 representing 1,532,278 business locations. The above number includes 513,215 use tax registrants.
|Tax Rate||10-11 Revenues||Revenue Change from |
|Fund Allocation – How Funds Are Used|
|7.25% (state portion of 8.25% uniform statewide rate) effective 4-09||$29.8 billion||-0.8%||6.00% General Fund effective 4-09
0.50% Local Revenue Fund
|$2.5 billion||+4.8%||0.50% Local Public Safety Fund|
|$1.2 billion||+4.7%||0.25% Fiscal Recovery Fund|
Citation of the Law