FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R89cRZ76pRgUnDFBeh5WEj8
Label Use Tax Practice
Preferred Label Consumption Tax Practice
Identifier N/A
Alternative Labels

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Definition

Use Tax Practice refers to the application, administration, and enforcement of taxes on the use, storage, or consumption of goods and services that were not subject to sales tax at the time of purchase. These taxes are designed to complement sales taxes and ensure that all taxable transactions are taxed appropriately, even if the purchase occurs out of state or through an online retailer.

Class Relationships

Sub Class Of

Is Defined By

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See Also

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Parent Class Of 0

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Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available