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What about your state sales tax laws?
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<p>[QUOTE="justafarmer, post: 1195252, member: 3926"]If a seller charges a customer sales tax - they seller owes the money to the state. It doesn't matter whether the item sold was exempt from sales tax or not. The reason is the buyer has the right to apply for refund from the state for the erronously charged tax. </p><p><br /></p><p>Many state sales tax codes allow for city and county sales tax charges. A lot of these state codes cap the city and county tax at a specific gross transaction amount. In other words - say you buy 2 ounces of gold for $3100.00 and the city county cap is $1500.00. You owe state, county, city sales tax on the 1st $1500.00 of the sale and just state sales tax on the additional $1600.00 of the sale.[/QUOTE]</p><p><br /></p>
[QUOTE="justafarmer, post: 1195252, member: 3926"]If a seller charges a customer sales tax - they seller owes the money to the state. It doesn't matter whether the item sold was exempt from sales tax or not. The reason is the buyer has the right to apply for refund from the state for the erronously charged tax. Many state sales tax codes allow for city and county sales tax charges. A lot of these state codes cap the city and county tax at a specific gross transaction amount. In other words - say you buy 2 ounces of gold for $3100.00 and the city county cap is $1500.00. You owe state, county, city sales tax on the 1st $1500.00 of the sale and just state sales tax on the additional $1600.00 of the sale.[/QUOTE]
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What about your state sales tax laws?
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