As of July 1st, 2011, there are several changes to the Connecticut sales tax code. The following changes will effect Connecticut jewelers:
- The general sales and use tax rate increases from 6% to 6.35%.
- A tax rate of 7.75% applies to the sale of more than $5,000 of jewelry (per item, real or imitation).
- A tax rate of 7.75% applies to the sale of more than $1,000 (per item, real or imitation) of an article of clothing or footwear intended to be worn on or about the human body (e.g. watches, handbags, wallets).
Be sure to set System Options concerning sales tax as appropriate