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H3167.1 ___HOUSE BILL 2429 ___State of Washington65th Legislature 2018 Regular Session Representatives Huggins, Appleton, Global, Santos, and Carleton ACT Relating to sales and use tax exemptions
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How to fill out sales and use tax

01
Gather all necessary sales and purchase records.
02
Determine the tax rate applicable to your business location.
03
Calculate the amount of sales tax owed based on your sales figures.
04
Report and file your sales and use tax return with the appropriate tax authorities.

Who needs sales and use tax?

01
Businesses or individuals who sell goods or services subject to sales tax.
02
Businesses or individuals who make taxable purchases for their business.

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Sales and use tax is a consumption tax imposed on the sale of goods and services. Sales tax is collected by the seller at the time of purchase, while use tax is paid by the purchaser for goods bought outside the state but used within it.
Businesses that sell tangible personal property or certain services are required to file sales and use tax. Additionally, individuals or businesses that purchase taxable items from out-of-state retailers are also responsible for reporting use tax.
To fill out sales and use tax, gather total sales and purchase amounts, categorize the taxable income, apply the proper tax rate, and complete the state-specific sales and use tax return form, detailing the collected taxes and any exempt sales.
The purpose of sales and use tax is to generate revenue for state and local governments to fund public services and infrastructure, while also ensuring that local businesses are not disadvantaged compared to out-of-state competitors.
Information that must be reported includes total sales amount, taxable sales, exemptions claimed, use tax due, and any tax collected on sales. Additionally, taxpayer details such as name, address, and tax identification number are required.
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