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2015 T axis Business Use Tax: Should My Business Pay Use Tax on OutofState Purchases? What is the Massachusetts use tax? The use tax is a 6.25 percent tax paid on outofstate or outofcountry purchases
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What is business use tax?
Business use tax is a tax imposed on the use of tangible personal property in a business setting.
Who is required to file business use tax?
Businesses that use tangible personal property for business purposes are required to file business use tax.
How to fill out business use tax?
To fill out business use tax, businesses need to report the use of tangible personal property and calculate the tax owed based on the applicable rates.
What is the purpose of business use tax?
The purpose of business use tax is to generate revenue for the government and ensure that businesses pay taxes on the use of tangible personal property.
What information must be reported on business use tax?
Businesses must report the description of the tangible personal property used, the cost of the property, and the location where the property is used.
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