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

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

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  • 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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