Tax & Accounting Blog

Kenai Peninsula Borough Election Nears

Indirect Tax, ONESOURCE, Sales and Use Tax October 6, 2011

 The Kenai Peninsula Borough will ask voters several big questions on October 4th.  The first of which asks: should the seasonal sales tax exemption of non-prepared food items  from borough sales tax continue?  Since January 1, 2009, non-preapared food has been exempted from borough sales tax between September 1 and May 31 each year.  The other big question is: should the borough sales tax be increased from 3.0% to 3.1%, beginning January 1, 2012?  Before the borough would be allowed to collect this tax, there must be agreement with all of the cities within the borough.