use tax

use tax
A tax levied upon the use, storage, or consumption of tangible personal property purchased outside the taxing state or taxing district, being a supplement or complement of a sales tax, imposed to prevent residents of a jurisdiction having a sales tax from making purchases outside the jurisdiction in order to avoid such tax. 47 Am J1st Sales T § 42. The Iowa use tax statute does not impose a tax on the use in Iowa of all personal property, but only such property as was purchased for use in Iowa. Morrison- Knudsen Co. v State Tax Com. 242 Iowa 33, 44 NW2d 449, 41 ALR2d 523.

Ballentine's law dictionary. . 1998.

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  • use tax — n: a tax imposed on the use of personal property and esp. property purchased in another state; specif: a one time tax imposed on the exercise or enjoyment of any right or power over tangible personal property that is incident to the ownership,… …   Law dictionary

  • Use tax — A use tax is a type of excise tax levied in the United States. It is assessed upon otherwise tax free tangible personal property purchased by a resident of the assessing state for use, storage or consumption of goods in that state (not for… …   Wikipedia

  • use tax — /yoohs/ a state tax imposed on goods purchased outside a state for which state sales tax has not been paid. * * *       levy on the use or possession of a commodity. Under the principle that the taxpayer should pay according to the benefits… …   Universalium

  • use tax — noun Etymology: use (I) : a supplement to a retail sales tax designed to reach goods purchased in a state that does not tax them and brought or shipped in to the taxing jurisdiction for use, storage, or consumption * * * /yoohs/ a state tax… …   Useful english dictionary

  • use tax — noun A charge imposed on the use or possession of personal property …   Wiktionary

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  • Sales and use tax — refers to:* Sales tax * Use tax …   Wikipedia

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  • Tax-free shopping — refers to the opportunity for customers to purchase goods or services without paying any tax normally collected at retail, such as sales tax, Goods and Services Tax, value added tax, or consumption tax.Tax free shopping in the United StatesTax… …   Wikipedia

  • Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… …   Wikipedia

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