Use tax definition

Use tax means a nonrecurring tax, other than a sales tax, which (a) is imposed on or with respect to the exercise or enjoyment of any right or power over tangible personal property incident to the ownership, possession or custody of that property or the leasing of that property from another including any consumption, keeping, retention, or other use of tangible personal property and (b) is complementary to a sales tax.
Use tax means the tax levied under subchapter III of this chapter for which the retailer collects and remits tax to the department.
Use tax means a nonrecurring tax, other than a sales tax, which

Examples of Use tax in a sentence

Section 50-12 prohibits a person from entering into a contract with a State agency if it, or any affiliate, has failed to collect and remit Illinois Use Tax on all sales of tangible personal property into the State of Illinois in accordance with the provisions of the Illinois Use Tax Act.

Enter total child and dependent care expenses entered on Form 2441,Use Tax Calculation WorksheetCall 502-564-5170 for assistance.1. Purchases of $0 to $1,000 x 6 percent (.06)OR Use Tax Table Amount $2.

Total Use Tax Due (add lines 1 and2)$Report this amount on Form 740 or 740-NP, Line 27; or 740-EZ, Line 9.Line 3 c.

Sales and Use Tax Bulletin 2019-01 lowered the threshold for collecting tax under the Department of Revenue’s application of the U.S. Supreme Court’s decision in South Dakota v.

In 1950, Sales and Use Tax comprised almost 60 percent of all state revenues; today, it accounts for about 25 percent.


More Definitions of Use tax

Use tax means the tax paid or required to be paid by a consumer for using, storing, distributing or otherwise consuming tangible personal property or taxable services inside the City.
Use tax means the tax levied under the use tax act.
Use tax means the tax levied under the use tax act, 1937 PA 94, MCL 205.91 to 205.111.
Use tax refers to the tax imposed upon the use, consumption, distribution, and storage as herein defined.
Use tax means the tax imposed under ss. 77.53 and 77.71 (2), (3), (4), and (5).
Use tax means the tax levied under subchapter III of
Use tax means the tax imposed by s. 77.53.