use tax
Noun
Meaning
English Wikipedia has an article on:use taxWikipedia
use tax (plural use taxes)
(US) A charge imposed on the use or possession of personal property
Synonyms
Examples
A use tax is imposed on the buyer at the same rate as the sales tax.
In addition to the state tax, some Nebraska cities assess a city sales and use tax, in 0.5% increments, up to a maximum of 1.5%.
Personal use tax credits are tax credits given to individual taxpayers for education expenditures made on behalf of their own children.
Quill Corp. v. North Dakota and National Bellas Hess v. Illinois both prohibit states from imposing a sales and use tax collection obligation on out of state sellers with no nexus in the state.
Sales and use tax is calculated as the purchase price times the appropriate tax rate.
The buyer pays the use tax when the seller fails to collect the sales tax or the items are purchased from a source where no tax is collected.