What is the sales tax rate in Rhode Island?
7%
A. The sales tax is a levy imposed on the retail sale, rental or lease of many goods and services at a rate of 7%. Any sale is a retail sale if the property or service sold will be used and not resold in the regular course of business.
What is the sales tax in Massachusetts?
6.25%
The Massachusetts sales tax is 6.25% of the sales price or rental charge on tangible personal property, including certain telecommunication services sold or rented in Massachusetts. Sales tax is generally collected by the seller.
What is the sales tax rate in Massachusetts for 2020?
Sales tax. The Massachusetts sales tax is 6.25% of the sales price or rental charge of tangible personal property (including gas, electricity, and steam) or certain telecommunications services1 sold or rented in Massachusetts.
Is Rhode Island sales tax free?
Rhode Island imposes a 7 percent sales tax on the sale of most tangible items. However, the state offers exemptions on a range of goods and services, as well as for certain organizations and types of sales. Goods for resale are also exempt from sales tax.
Are taxes higher in Rhode Island or Massachusetts?
Massachusetts ranked 21st among states with the highest tax burden. Other New England states ranked higher than Massachusetts as well, including Vermont at 10.75%; Maine at 10.50%; Connecticut at 10.44% and Rhode Island at 9.69%. Only New Hampshire ranked lower with 6.84%. It ranked 46th.
Is Rhode Island a low tax state?
Like most other states in the Northeast, Rhode Island has both a statewide income tax and sales tax. The highest marginal rate applies to taxpayers earning more than $148,350 for tax year 2020. Those rates are near the national average for state income taxes, and the same is true of the state’s sales tax, which is 7%.
Does Massachusetts have a local sales tax?
Massachusetts has state sales tax of 6.25%, and allows local governments to collect a local option sales tax of up to N/A. There are a total of 336 local tax jurisdictions across the state, collecting an average local tax of N/A.
What is mass state tax rate?
Massachusetts Sales Tax The state sales tax rate in Massachusetts is 6.25%. There are no additional local taxes collected, so 6.25% is the rate you will pay regardless of where you are in the state.
What is Massachusetts state and local sales tax rate?
Massachusetts has state sales tax of 6.25%, and allows local governments to collect a local option sales tax of up to N/A. There are a total of 336 local tax jurisdictions across the state, collecting an average local tax of N/A.
What is not taxed in RI?
Traditional Goods or Services Goods that are subject to sales tax in Rhode Island include physical property, like furniture, home appliances, and motor vehicles. The purchase of prescription medicine, groceries, gasoline, and clothing are tax-exempt.
Does Rhode Island have state tax?
Like most other states in the Northeast, Rhode Island has both a statewide income tax and sales tax. The income tax is progressive tax with rates ranging from 3.75% up to 5.99%.
Do you get credit for Massachusetts sales tax?
If a sales tax rate of less than 6.25% is paid to the other state, the Massachusetts use tax is the difference between the 2 states’ sales tax rates. If a sales or use tax is paid to a state that doesn’t have a reciprocal agreement with Massachusetts, then the sales/use tax credit does not apply.
When do you have to pay sales tax in Massachusetts?
Both returns are due annually by April 15. Individuals may report and pay any Massachusetts use tax due on their personal income tax return (Form 1, Form 1-NR/PY for part-year residents). Taxpayers can self-report (“safe harbor”) an estimated amount of use tax based on their Massachusetts adjusted gross income.
Do you need sales tax resale certificate in Massachusetts?
The seller must be given a Sales Tax Resale Certificate (Form ST-4) and retain it as proof the sale was exempt for the reasons stated on the certificate. Vendors can confirm the validity of their customers’ sales and use tax registration and resale certificates online through MassTaxConnect.
What kind of goods are taxable in Massachusetts?
Taxable items 1 Books and paperbacks 2 Dictionaries and encyclopedias 3 Greeting cards 4 School supplies 5 Stationery and paper goods