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Home / Services / Calculators / Newsletter / Archives Sales Tax Effective July 1, 2003, the Sales Tax has been increased by 1%. This means that taxpayers in Cuyahoga County will be paying 8%, Portage County will be paying 7.25%, Lake, Lorain, and Summit Counties will be paying 6.75%, and Geauga and Medina Counties will be paying 6.5% This increase is supposed to be eliminated on July 1, 2005. Would you care to bet it will be eliminated at that time? Many new types of transactions will be subject to Sale Tax effectively August 1, 2003. Laundry and Dry Cleaning Services are now subject to Sales Tax (this does not include self-service facilities such as Laundromats.) Satellite Broadcasting Services including all services and charges are now subject to Sales Tax. Personal Care Services including skin care, application of cosmetics, manicuring, pedicuring, hair removal, tattooing, body piercing, tanning, massage, and other similar services, (but not cutting, coloring, or styling of and individual's hair) are now subject to Sales Tax. The transportation of persons by motor vehicles or aircraft, when the trip begins and ends in Ohio is now subject to Sales Tax. This does not include ambulances or public transit busses. Motor Vehicle Towing Services including the towing of wrecked, disabled, or illegally parked motor vehicles are now subject to Sales Tax. Snow Removal Services by mechanized means and now subject to Sales Tax. The Storage of Tangible Personal Property (except the storage of inventory held for sale by businesses) is now subject to Sales Tax. Effective January 1, 2004, Telecommunications services that is billed to persons by telephone companies will be subject to Sales Tax. Vendors will now receive a 1.1% discount for timely filing Sale Tax returns until July 1, 2005. Vendors who have a bad debt that has been uncollectible for at least six months may deduct this debt from the taxable sales and reduce the Sales Tax due.
(July, 2003 Newsletter)
James E. Newland, CPA 939 Center Road Eastlake, Ohio 44095 440-951-9799 |
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