ARCHIVED Bulletin: Sales Tax Rate Change Effective July 1, 2012 (Posted June 27, 2012)
On July 1, 2012, the Santa Clara County sales tax rate will increase from 8.25% to 8.375%. The new tax rate will be automatically reflected on taxable requisitions and purchase orders created on or after July 1, 2012 and on Purchasing Card transactions posted on or after July 1, 2012.
For requisitions/purchase orders created before July 1, 2012 with taxable goods invoiced after July 1, 2012:
Stanford must pay the new tax rate of 8.375% for goods invoiced after July 1, 2012 even though the purchase requisition / purchase order reflects the old tax rate of 8.25%. Accounts Payable will pay the invoice at the new tax rate based on the date of the invoice. There is no need for you to update the purchase order or invoice.
- Contact the Financial Support Center (3-2772).