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

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.