Beginning January 1, 2008, local tax caps on single transactions will no longer apply when retailers collect city and county sales and use taxes. Since the caps no longer apply, retailers will collect the full amount of state, city, and county taxes on all transactions.
acÂ·credÂ·iÂ·taÂ·tion. (É-krÄdâ²Ä­-tÄâ²shÉn) n. The act of accrediting or the state of being accredited, especially the granting of approval to an institution of learning by an official review board after the school has met specific requirements.
Accredited investors (AI) are classified according to net worth and income. As defined in Section 4A of the Securities and Futures Act (Chapter 289), an accredited investor means. (i) an individual â. (A) whose net personal assets exceed in value S$2 million (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount; or.