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.
Definition of ACCREDITED INVESTOR. : an investor that qualifies under the Securities Act of 1933 and related Securities and Exchange Commission regulations as one having a minimum specified net worth or being a particular type of company (such as a bank or insurance company). ADVERTISEMENT. an investor that qualifies under the Securities Act of 1933 and related Securities and Exchange Commission regulations as one having a minimum specified net worth or being a particular type of company (such as a bank or insurance company). ADVERTISEMENT.