Are you ready to light up the sky this Fourth of July? For many Americans, Independence Day is celebrated with family, friends, backyard cookouts and most of all … fireworks!
Items detonated or burned to produce a visible or audible effect are considered fireworks. These items may include:
- Roman candles
- Missile-type rockets
- Wire sparklers
Businesses selling fireworks in Indiana must collect a 5% Fireworks Public Safety Fee in addition to Indiana’s 7% sales tax.
The Fireworks Public Safety Fee was passed into law during the 2006 session of the Indiana General Assembly and became effective for all transactions occurring in Indiana after May 31, 2006. Your Somerset Advisor can advise you on the requirements of collecting this public safety fee.