Sales and Use Tax - As of June 30, 2011
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 applicable
Who Pays?
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 09-10 | 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