sales tax

sales tax
sales tax n: a tax levied on the sale of goods and services that is usu. calculated as a percentage of the purchase price and collected by the seller

Merriam-Webster’s Dictionary of Law. . 1996.

sales tax
n.
A tax paid on purchased goods, usually a percentage of the cost of an item, collected by the seller on behalf of the government.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


sales tax
A state or local tax imposed on sales of retail products based on a percentage of the price.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


sales tax
A state or local-level tax on the retail sale of specified property or services. It is a percentage of the cost of such. Generally, the purchaser pays the tax but the seller collects it as an agent for the government. Various taxing jurisdictions allow exemptions for purchases of specified items, including certain foods, services, and manufacturing equipment. If the purchaser and seller are in different states, a use tax usually applies.

Dictionary from West's Encyclopedia of American Law. 2005.


sales tax
A state or local-level tax on the retail sale of specified property or services. It is a percentage of the cost of such. Generally, the purchaser pays the tax but the seller collects it as an agent for the government. Various taxing jurisdictions allow exemptions for purchases of specified items, including certain foods, services, and manufacturing equipment. If the purchaser and seller are in different states, a use tax usually applies.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • Sales tax — (s[=a]lz t[a^]ks), n. [Sales + tax.] a tax imposed upon the retail sale of goods or the sale of services, usually collected by the seller at the time of purchase; it is typically calculated as a percentage of the price of the object sold, being… …   The Collaborative International Dictionary of English

  • sales tax — ☆ sales tax n. a tax on sales, usually levied as a percentage of, and added to, the price paid by the consumer …   English World dictionary

  • sales tax — n [U and C] a tax that you have to pay in addition to the cost of something you are buying →↑VAT …   Dictionary of contemporary English

  • sales tax — sales ,tax noun count or uncount * a tax that is added to the basic price of something you buy …   Usage of the words and phrases in modern English

  • sales tax — sales taxes N VAR The sales tax on things that you buy is the amount of money that you pay to the national government, or, in the United States, to the local or state government …   English dictionary

  • sales tax — sales′ tax n. bus a tax on a purchase, added to the total sale …   From formal English to slang

  • Sales tax — Cash register receipt showing sales tax …   Wikipedia

  • sales tax — a tax on receipts from sales, usually added to the selling price by the seller. [1920 25] * * * Levy imposed on the sale of goods and services. A sales tax on the manufacture, purchase, sale, or consumption of a specific commodity is known as an… …   Universalium

  • sales tax — noun a tax based on the cost of the item purchased and collected directly from the buyer (Freq. 1) • Syn: ↑nuisance tax • Hypernyms: ↑excise, ↑excise tax * * * noun : a tax on the privilege or freedom of making sales of tangible personal property …   Useful english dictionary

  • sales tax — A percentage tax on the selling price of goods and services. Bloomberg Financial Dictionary * * * sales tax sales tax ➔ tax1 * * * sales tax UK US noun [C or U] COMMERCE, TAX ► in some countries and in some US states, a tax that you pay when you… …   Financial and business terms

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