Trends Around the 2020 Sales Tax Changes and Local Tax Rates

Sales tax rate changes ― the 2020 mid-year report

Vertex consistently tracks sales tax rates and rules. The collected data is then used to produce mid-year and end-of-year reports with 10 years of data. This infographic outlines all 327 standard sales tax rate changes for the first half of 2020, including statistics about new or updated sales and use taxes, increases in county tax changes, new district taxes, and new city taxes:

2020 sales tax changes and revenue

As of mid-year 2020 there were 6,066 new or updated sales and use tax rates in the last 10 years, an average of 577 per year. In the first six months of 2020 alone, 140 of 150 rate changes were increases.

Tax revenue in the first half of 2020 accounts for 41% or more of the state’s revenue in Washington, Nevada, and Louisiana.

As companies set out to make up for lost revenue due to COVID-19, these trends can provide insights into the unique challenges they may face as they prepare to meet the future.