Vertex’s Latest Tax Rates and Rules Report Highlights a Surge in District Taxes

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GlobeNewswire 2d ago

Vertex’s Latest Tax Rates and Rules Report Highlights a Surge in District Taxes - GlobeNewswire

Quick Summary:

"Now that 2025 is underway, indirect tax leaders must leverage this data to inform and refine their plans – ensuring they are prepared to navigate substantial changes and increased complexities throughout the year.” Key findings from the Vertex 2024 End-of-Year Sales Tax Rates and Rules Report include: Shifting dynamics in local tax structure – Districts are increasingly adopting sales taxes to address specific funding needs, such as public safety and utilities.

The 2024 End-of-Year Report showcases significant changes in the tax landscape, indicating additional complexity in 2025KING OF PRUSSIA, Pa., Jan.29, 2025 (GLOBE NEWSWIRE) -- Vertex Inc.(NASDAQ:VERX) ("Vertex” or the "Company”), a global provider of tax technology solutions, today released the findings of their 2024 U.S.state and local End-of-Year Rates and Rules Report.

It highlights notable growth in district-level tax activity, including an increase in new district taxes and rate changes, as local governments respond to economic pressures and fiscal challenges heading into 2025.