November Sales and Use Tax Rate Changes

 

Only one state made a local sales tax rate change effective November 1st.

TENNESSEE
STATE ZIP LOCAL COUNTY RATE CHANGE TOTAL RATE
TN 37307 Benton Polk 0.00 9.75
TN 37317 county-wide Polk 2.75 9.75

The sales tax is Tennessee’s principal source of state tax revenue accounting for approximately 60% of all tax collections. The sales tax is comprised of two parts, a state portion and a local portion. The general state tax rate is 7%. The local tax rate varies by county and/or city.


Did you know…?

  • There are five states that do not have statewide sales taxes:  Alaska, Delaware, Montana, New Hampshire, and Oregon.  But Alaska allows local jurisdictions to charge local sales tax.
  • Local sales taxes are collected in 38 states. In some cases, they can exceed the state rates.


“LOCAL” Sales Tax Rates

There are over 11,000 standard sales tax jurisdictions in the United States in 2020.  Each jurisdiction has a distinct aggregate sales tax rate based on a unique combination of factors, including sales taxes levied by taxing authorities at the state, county, city, and district levels.

But not all states have the same number of jurisdictions.

New Jersey, despite having hundreds of municipalities, has just two sales tax jurisdictions, while Texas has over 1,600. But having fewer jurisdictions doesn’t always translate to less complexity, as states and localities have their own laws and practices for sales tax administration, audits, enforcement, and notices of rate changes.


Is it any wonder you Need Help with Sales Tax?

A COMPLETE SOLUTION from our friends at TaxConnex

TaxConnex™ offers a complete sales and use tax solution. Anything you would ask an employee to do related to sales tax, we do – nexus evaluation, taxability determination, audit assistance, exemption certificate management, registrations, return preparation and filing, etc.  It’s all in there.

 

taxconnex logo

logo_header

 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.