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Saturday, November 23, 2024

Public Notice of Proposed Tax Increase on Certain Classifications

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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.

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