Tax & Accounting Blog

Potential Back to School Sales Tax Holiday for Colorado

Potential Back to School Sales Tax Holiday for Colorado

If passed, House Bill 1269 would exempt eligible items from Colorado’s 2.9% sales tax from 3 August to 5 August 2012. Supporters of the bill say it will help struggling families afford school supplies and clothing for the 2012-2013 school year including: Clothes (less than $100 unless noted) Apparel Footwear Sport or recreational equipment School Supplies … Read More

U.S. Sales Tax Burden Eased in 2011, According to Thomson Reuters ONESOURCE Indirect Tax Report

U.S. Sales Tax Burden Eased in 2011, According to Thomson Reuters ONESOURCE Indirect Tax Report

More states, counties and cities reduced their sales tax rates in 2011 than in 2010, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters.  At the same time, fewer new sales taxes were created.  Overall, the average U.S. sales tax rates for states, counties and cities that levy them declined slightly in … Read More