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.
Specialized accreditation, also known as programmatic accreditation, is awarded to specific programs or departments within a college or university. For some programs it is a necessity in order to practice in your chosen field.