It's summertime and many folks turn to tanning beds and salons for a little sun-kissed color, but coming July 1st, there will be an additional 10% tax on those indoor rays. 

The IRS recently issued regulations outlining the 10% excise tax on indoor tanning services, and published these regulations in the Federal Register.

In short, indoor tanning service providers will collect the 10% tax at the time of purchase, and then pay these amounts to the government quarterly with IRS Form 720, Quarterly Federal Excise Tax Return.

This tax, however, does not apply to all services.  Phototherapy services from a licensed medical professional on his or her premises, and certain physical fitness facilities offering tanning services without an additional fee, will not be subject to the Tanning Services Tax.

For more detailed information on this new tax effective July 1st, please see the IRS Frequently Asked Questions page.

The IRS, and Treasury Department welcome your comments on this issue.