"Use Tax" Notice Policy

Opulent Luxury, LLC's Use Tax Notice Policy

"Use Tax Notice: In states where Opulent Luxury, LLC have not collected sales tax, the consumer (shopper) may owe use tax on your purchase. 

What is use tax?

A "use tax" is a self assessed tax imposed on the use, storage, or consumption or taxable goods and services when sales tax was not collected at the point of sale. It is functionally equivalent to sales tax and exists to ensure that out-of-state purchases are taxed at the same rate as local ones.

Key points or charracteristics of Use Tax:

• Complementary nature: Every state that has a general sales tax also imposes a use tax to "level the playing field" for local retailer.
• Responsibility: Unlike sales tax, which the seller (Opulent Luxury, LLC) collects, the buyer (shopper or consumer) is typically responsible for reporting and paying use tax directly to the state.
• Common scenarios: It often applies to online or catalog orders from out-of-state vendors who do not have a physical presence (nexus) in the consumer's or shopper's state.
• Reporting: Individuals usually report "use tax" on their annual state income tax returns, while businesses may file separate use tax returns.

Example 1: A consumer buys a preloved Chanel bag for $1000.00 from out of state and no sales tax is charged. The consumer calculates the local "use tax" (e.g. 7% or $70) and report this amount on their state portal.

Example 2: A California resident purchases a preloved Louis Vuitton bag online from Opulent Luxury, LLC which is a New York vendor and tax was not collected, consumer was not charged. The consumer (shopper) must report this on their tax return to comply with local state regulations.

Use Sales Tax Rates by State (2025-2026)

Use tax rates are almost always identical to the state's sales tax rates. Below are the current statewide rates as of early 2026. Note that local jurisdictions may add their own rates:

** States with no state sales/ use tax: Delaware, Montana, New Hampshire and Oregon

Opulent Luxury LLC, Policy Created: 2/8/2026