Important Notice: Sale or Renewal of a Service Contract for Tangible Personal Property Changes

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This document serves as notice that effective March 1, 2016, the sales price of or the gross receipts derived from the sale or the renewal of a service contract sold at retail on or after March 1, 2016, is subject to the general 4.75% State, applicable local, and applicable transit rates of sales and use tax, regardless of whether the tangible personal property covered in the service contract becomes a part of or is affixed to real property.