Sales Tax Exemptions Sale Tax Exemption Means That A Sales Transaction Is Not Subject To Sales Tax SGC 409100 28 Separate Categories of Sales Tax Exemptions in Sitka General Code In 2014 only 405 of all reported sales transactions in Sitka were taxed 595 of all reported sales tr ID: 479367
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Sales Tax ExemptionsSlide2
Sales Tax Exemptions
“Sale Tax Exemption” Means That A Sales Transaction Is Not Subject To Sales Tax (SGC 4.09.100)
28 Separate Categories of Sales Tax Exemptions in Sitka General Code
In 2014, only 40.5% of all reported sales transactions in Sitka were taxed. 59.5% of all reported sales transactions were exempt from sales taxation. These percentages DO NOT include unreported sales, such as internet sales. Thus, the actual percentage of sales transaction with a nexus in Sitka is less than 40%.Slide3
Sales Tax Exemptions
The dollar amount of tax exempt sales in Sitka in 2014
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$191,377,280. The value of foregone taxes due to these exemptions, at an average sales tax of 5.5%, was approximately $10,525,000.
The CBS tracks sales tax exemption data by both industry segment, and, exemption category. Statistics are compiled on 8 industry segments
The industry segment with the greatest amount of exempt sales is construction, comprising over $85 million in non-taxes business activity, and foregone taxes of approximately $4,684,628.Slide4
Sales Tax Exemptions
The sales tax exemption category with the greatest amount of exempt sales is sales to government, comprising over $54 million in non-taxes business activity, and foregone taxes of approximately $2,970,000.
The combination of industry segment and sales tax exemption category with the largest amount of exempt sales is construction/sales to government, comprising over $38 million in non-taxed business activity, and foregone taxes of approximately $2,126,000. Second is construction/wholesale to retail, comprising over $21 million in non-taxed business activity, and foregone taxes of approximately $1,180,000.Slide5Slide6Slide7