Tax & Accounting Blog

May Sales & Use Changes

Indirect Tax, ONESOURCE, Sales and Use Tax May 7, 2012

The middle month of Q2 2012 brings only a few changes. We are expecting quite a bit of new levies and changes effective Q3 with state legislative sessions picking up steam. Some of the changes effective in May include:

New Levies

Illinois: Burr Ridge 1.0% (food & beverage)

Rate Changes

Alabama: Cullman County 4.5%
Tennessee: Gibson County 2.75%; Humboldt 0%; Kenton (within Gibson County) 0%; Medina 0%; Milan 0%; Trenton 0%
Virginia: Petersburg 6.0% (food & beverage)

Sales Tax Holiday

Petersburg, Alaska: May 2012 on purchases of all tangible personal property and services, however rental transactions longer than 1 day are not included.
Louisiana: 26 May 2012 through 27 May 2012 on qualified purchases of hurricane preparedness supplies.
Texas: 26 May 2012 through 28 May 2012 on qualified purchases of Energy Star appliances.
Virginia: 25 May 2012 through 31 May 2012 on qualified purchases of hurricane preparedness supplies.

Please be sure to check your state revenue sites to stay up to date.