Quantcast

North Pima News

Tuesday, November 5, 2024

Public Notice of Proposed Tax Increase on Certain Classifications

Img 05042020 210703  1000 x 667 pixel

Town of Marana issued the following announcement on Aug. 18.

The Marana Town Council may consider approving a ½% tax rate increase to the following transaction privilege tax classifications for the purpose of funding certain infrastructure and municipal building projects, such as the Multi-generational Community Center and Aquatic Center at a public meeting on Tuesday, October 19, 2021:

Classification

Tax Code Section

Business Code

Current Tax Rate

Proposed Tax Rate

Amusements

410

012

2.00%

2.50%

Job Printing

425

010

2.00%

2.50%

Manufactured Buildings

427

027

2.00%

2.50%

Timbering and Other Extraction

430

020

2.00%

2.50%

Publication

435

009

2.00%

2.50%

Hotels

444

044

2.00%

2.50%

Commercial Rental, Leasing, & Licensing for Use

445

213

2.00%

2.50%

Rental Occupancy

445

040

2.00%

2.50%

Rental, Leasing, & Licensing for Use of TPP

450

214

2.00%

2.50%

Restaurants and Bars

455

011

2.00%

2.50%

Retail Sales

460

017

2.00%

2.50%

Communications

470

005

4.00%

4.50%

Transporting

475

006

2.00%

2.50%

Utilities

480

004

4.00%

4.50%

Use Tax Purchases

610

029

2.00%

2.50%

The above suggested changes will impact the general public and commercial businesses who participate in the activities covered by the classifications shown above.  

Based on fiscal year 2019-2020 collections of $26.9 million for the above tax classifications, the Town anticipates annual revenues to increase by an estimated $6.25 million in the first full year of collections after the proposed increase.  Click here to read a schedule of the proposed increased tax that includes the amount of the tax and data supporting the new increase.

All funding related to this increase will be deposited in a separate, special revenue fund dedicated for the purposes designated by Council, as stated above.

Original source can be found here.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS