Los Angeles sales tax of 2017: All explain in an easy way!
What is the Los Angeles sales tax? Well, it is the tax that is out on a sale or the receipts of a sale. The sales tax Los Angeles does not always come in the headlines, but there were some things like the tampon exemptions, online sales tax, soda taxes, and the marijuana sales did make a place in the news during the year 2016. Moreover, there is something that says that it would come in the news during the year 2017 as well. And here it has already come where there would be new exemptions, new taxes and the trial of the Government to put the sales tax on the internet sales. It might also come with a lot of defendants like the use tax and the sales rate changes.
The article below would let you know about the 2017 use tax and the Los Angeles sales tax. The webinar could also help you learn about the changes. You would have to register for it, and you would get a copy of the Los Angeles sales tax 2017 changes report.
Los Angeles County sales tax: The State sales & use tax
It has been said that the use tax and the state sales tax Los Angeles would have a drop from 7.5% to about 7.25%. This would all be under the 30th proposition. It had raised the rate by 0.25% in the month of December 1st, 2016 for a short period of time. The decrease in the state rate would hit the particular unfinished Los Angeles sales tax debts.
The same is happening in the New Jersey, where there will be a fall in the taxes from 7% to 6.875% from January 2017 and would go lower in the year 2018. This is basically to balance the hike in the sales tax on gas recently. Even in North Carolina, there would be use tax placed for the business that stores personal digital assets or the physical property for any amount of time. This growth in the taxes is due to the Senate Bill 729 ratification.
As the Los Angeles sales tax has a change, the state of Missouri is one place the change in tax might not be there due to the prohibition of the citizen during the tax changes that were about to be held in the year 2015. It would be fascinating to see if the government would do anything to change it this time again.
Los Angeles sales tax 2017: Soda tax
The sales tax on soda has been gradually clearing the nation, and this is because they are high. This came into being when the Navajo Nation in the year of 2014 selected to inflict a greater sales tax on the sugary drinks. The Los Angeles sales tax too is very high when it comes to purchasing cola or any other caffeinated beverages.
Moreover, it was also imposed on the foods that were known to be the unhealthy ones where it had no nutritional value. And the worst thing about it was that the change was implemented in the year 2015 first in Berkeley and California. And after six months it was taken to Vermont then. That is why there is a lot of Los Angeles sales tax for things like pizzas, burgers or anything that the government feels is unhealthy.
Last year, there were about four cities that accepted the sales taxes on soda. And after about two days, the Cook County Council followed the exact same thing. At the beginning of this year, the soda taxes were there in California as well along with Oakland, Colorado, and Boulder. These are a few of the Los Angeles sales tax 2017 changes that have come in place at the beginning of the year. But this is not all that has happened. A lot more is there to it that has been shared below.
Moreover, as the sales law is not only changing but also affecting many states, there would be more states and cities that will accept this soon in the US. And it would be mostly because many have approved of the soda tax that has been implemented in some of the areas just like the Los Angeles sales tax on soda. And to speak about Robert J. Bentley, the Alabama Governor who has been inviting the soda tax since years now, his efforts has been seen in 2017 and would be seen in almost every city in the US soon.
Los Angeles sales tax 2017 changes: Tampons
There was a lot of states in the year 2016 that had passed the tampons tax freedoms, as in the tax on the tampons were no more there. While for Los Angeles sales tax has not been passed yet, there are states like New York that have already come in place. Connecticut would not implement it till 2018. Seeing the changes come in some states, there are chances that the other would implement them soon just like they did it for the soda sales tax. The Los Angeles sales tax on tampons and other women hygiene products would be removed soon hopefully.
Sales tax in Los Angeles for Netflix
The Los Angeles sales tax have been applied to the services with online streaming like the Hulu, HBO Go, and Netflix. Along with California, Pasadena too had this implemented. And these two are not the only ones to have got the tax on these products. It has been in Illinois and Chicago since 2015. Moreover, not all the cities in California has it implemented. Cities like Santa Monica and San Bernardino are being advised to start collecting sales tax for the services of online streaming.
Los Angeles County sales tax for Tobacco
California has not stayed behind for tobacco sales taxes as well. The Los Angeles sales tax was implemented for Tobacco at the beginning of 2017 where all the products like cigarettes and other similar vaping products have taxes on them now. That is any part or component of the tobacco product, or even the accessory has a tax on it. The Los Angeles County sales tax was even put on the nicotine products, where anything that was received or made from nicotine has a tax on it now. Another bad news for the cigarette consumers is that California tends to raise the taxes on these products in the future as well.
So, in all this mess the sales taxes for your business is just going to get tougher. Get help from the Tax Law Los Angeles so that you do not mess up any part of it. Visit https://www.taxlawlosangeles.com/ today!