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Minutes from the October 20, 2011 PERS Board meeting detailing discussions on group insurance updates, retirement updates, deferred compensation, and miscellaneous items.
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What is sales and use tax?
Sales and use tax is a tax imposed on the sale, purchase, lease, or use of tangible personal property or specific services. It is generally collected by businesses from their customers and then remitted to the taxing authority.
Who is required to file sales and use tax?
Businesses that sell taxable goods or services are generally required to file sales and use tax returns. The specific requirements vary depending on the jurisdiction and the amount of sales made.
How to fill out sales and use tax?
To fill out sales and use tax, businesses need to gather information about their sales and purchases during a specific reporting period. This information typically includes the total sales made, the amount of taxable sales, and any applicable exemptions or deductions. The form provided by the taxing authority must be completed accurately and submitted along with any required payments.
What is the purpose of sales and use tax?
The purpose of sales and use tax is to generate revenue for the government. It is used to fund various public services and programs, such as education, healthcare, infrastructure, and public safety.
What information must be reported on sales and use tax?
The specific information that must be reported on sales and use tax returns may vary by jurisdiction. Generally, businesses are required to report their total sales, taxable sales, exemptions claimed, and any applicable deductions or credits.
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