Yes. :( See Information Bulletin #50 for further details.
I am adding just because I was shocked to find the above is entirely correct - sales tax applies to gold there!
Even if it is bought with the expectation of re-sale.
I'm not sure this would be found in any other place in the country.
I have provided a link to the Indiana legal notice identified.
You will pay Indiana sales tax (7%).
NO
The Indiana sales tax rate as of 2012 is 7%.
Is there a sales tax on a service such as alterations on clothing? If any, what type of tax do you pay to the gov't?
Typically sales tax is paid at the point of sale, hence the name. But depending on the state there are exceptions. If you buy goods from outside the state, and do not pay sales tax (internet sales!), you need to remit sales tax to your state. Most of the state income tax forms have a method provided for paying sales tax along with the state income tax.
You will pay Indiana sales tax (7%).
Sales tax is based on where you live. so you pay the sales tax of Indiana, which I believe is 7%
NO
Normally you pay the sales tax in the state you reside in. If you live in Georgia you would not pay sales tax in Indiana, you would pay sales taxes when you registered the car in Georgia.
yes, touche!
I'm not sure about sales tax but you will need to get it assessed and most likely have to pay property tax.
The Indiana sales tax rate as of 2012 is 7%.
If you 1 oz gold from Apmex, in ok., you pay approx $187.00 tax KB.
You generally pay the sales tax where you purchase the vehicle. Sometimes, if it is in another state they are unwilling or unable to collect tax for that state. I would pay the tax at the dealer where you are purchasing it if that's what they say in Indiana. Make sure it is listed on your bill of sale so that when you register the vehicle, you can get credit for the sales tax in your state. If it is wrong, they States should work it out between themselves. If I were you I would call your Tax Commissioner's Office where you live and ask them as well unless you are will to pay sales tax twice.
yes. i am a dealer in indiana and we are required to collect the 7% indiana sales tax and give the customer a tax form stating that we have collected the 7% indiana sales tax. the customer takes the tax form in when regestering the vehicle and payes the difference to their state. for example i sell a car to an illinois resident i collect the 7% and when they regester it in illinois they will pay the difference between the 2.
5 to 5.2% depending on the county you are in.
The general principle of the US sales tax system is that the tax is paid by the end user.If you buy materials to repair your own engine, then you pay sales tax on them.If you buy materials to repair an engine for someone else, you theoretically do not have to pay sales tax, but you would have to collect sales tax from the person you're repairing the engine for and remit that to the state. However, if when you buy the materials, you can't prove that you're a legitimate business who is buying the materials for resale, then you'll have to pay sales tax.