What are the requirements for the occasional-sale rule

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Reference no: EM132664202

Problem - For your state and one of its neighbors, find the following sales/use tax rules. Place your data in a chart, and e-mail your findings to your instructor.

a. What are the requirements for the occasional-sale rule as an exception to the sales/use tax? Who can use this rule?

b. Describe any exemptions from the sales/use tax base that are allowed for transactions involving groceries, school clothing and supplies, religious goods, and legal services.

c. What is the discount allowed, if any, when a vendor remits sales/use tax to the state in a timely manner?

d. Is manufacturing equipment exempt from the sales/use tax? Medical devices for a clinic? Medical devices for a consumer?

e. Can a vendor use an electronic funds transfer system to remit its sales/use tax collections? If so, when is it required to do so?

f. Has the state joined the Streamlined Sales Tax Project? If yes, what is the effective date?

Reference no: EM132664202

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