Wondering about sales tax when renting equipment on our platform? Here's a clear breakdown to guide you through!
When Do You Pay Sales Tax?
If you're renting equipment from an owner based in a state that follows the Marketplace Facilitator regulations, sales tax will be applied to your transaction.
Why Is This Tax Applied?
The Supreme Court case, South Dakota v. Wayfair, Inc., has made it possible for states to impose taxes on online sales and rentals through ShareGrid or any e-commerce platform. This rule:
Applies whether the item is new or used.
Covers both purchases and rentals.
Isn't optional – ShareGrid, like other online platforms, must adhere to this.
How Can I Check the Tax Amount?
Want a heads up on how much tax you’ll be paying? Simply:
Add your desired equipment to the shopping cart.
Before finalizing your rental, you'll see an estimated tax amount displayed. This gives you a clear picture of your total rental cost.
Staying informed helps make your rental process smoother! If you've got more questions, don't hesitate to ask. We're here to help!
DISCLOSURE: This communication is on behalf of ShareGrid Platforms, LLC or its affiliates (“ShareGrid”). This communication is for informational purposes only and contains general information only. ShareGrid is not rendering legal, financial, accounting, business, tax, or other professional advice or services by means of this communication. This communication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your interests. You should consult a qualified professional advisor. ShareGrid does not assume any liability for reliance on the information provided herein.