Tuesday, June 23, 2009

Sales Tax Increase

A silly photo for a serious subject

They say death and taxes are the only sure things in life. Seems kind of cynical, but I don't think we'll see either end anytime soon.

Actually, beginning July 1st, the statewide Sales and Use Tax rate will increase to 6.875%. Many communities also have local Sales and Use Tax that would go on top of this new rate, as well as the .25% Transit Improvement Tax for the Metro Area that was put in place Spring, 2008.

All these different Sales, Use, Transit and Local Taxes can be confusing when it comes to doing shows. What's the best way to know what you should be collecting?

Well the Minnesota Department of Revenue has a way to help. Their website has a very useful tool where you can enter the zip code of show or your home for that matter and it will tell you the correct amount to collect for any size sale. Click here to visit this Sales Tax Rate Calculator. It's just one way our State is helping to make paying taxes easier for us. Thoughtful huh?


ArtisticEdition said...

That Sales Tax Rate Calculator is fantastic! Thanks for sharing. :)


prayer bedes said...

Thanks for the post. I did not know about the increase. (Where have I been?!) So, as of July 1, it will be price times .06875.

Marie said...

Wow, good thing I stopped by. I didn't know about the increase either. Thank you!!!