This session will review the history of and basis for the use tax. It will review the unique problems created by interstate transactions, local taxes and taxing jurisdictions competing to tax the same transactions.
After attending the session, the participant will be able to:
- Recognize the constituents of a use tax;
- Describe the historic context for enactment of use taxes by state and local jurisdictions;
- Analyze the complementary relationship between the use tax and the sales tax;
- Advise taxpayers on unique use tax issues created by various taxable events, including the sale versus the use of tangible personal property, interstate transactions, and local tax problems.
J. Whitney Compton, Barnwell Consulting LLC
Christi Mondrik, Mondrik & Associates