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.
A degree is a certificate awarded by the college or university on the successful completion of studies at a particular level in a stream opted by him. A diploma is a certificate issued by the educational institution to the student for pursuing a particular course from the institution and passing the examination afterwards.