Sentences with phrase «if sales tax revenues»

They also say the proposal does not tell voters that the bonds will be paid through higher local property taxes if sales tax revenues are insufficient.

Not exact matches

If all states legalized cannabis sales, the reduced drug enforcement costs and higher tax revenues would be worth more than $ 17 billion to them, a 2010 Cato Institute study revealed.

Though most states theoretically require consumers to track and pay sales tax on purchases even if the tax isn't collected by the vendor, that rule has gone largely unenforced, leading to billions in lost revenue for cities and states.

If cryptocurrency gains acceptance as a means of exchange, it's sure to raise the ire of governments hungry for revenue from sales taxes.

By deducting the drug's operating costs, taxes, net investment and working capital requirements from its sales revenues, you arrive at the amount of free cash flow generated by the drug if it becomes commercial.

We could be on the cusp of conservative reforms that would rival all of the domestic policy achievements of the 1980s and 1990s if some conservatives would stop trying to relive the Kemp - Roth tax cuts or else engaging in hopeless struggles to get the public to support flat taxes or national sales taxes that would either raise taxes on the middle - class or collapse revenues or both.

Candidates for Nassau County executive said Tuesday night that they would reopen closed police precincts and push for more sales tax revenue to flow to villages if elected.

Illicit marijuana sales in New York are estimated at $ 3 billion, and an official study by City Comptroller Scott Stringer in 2013 found that potential tax revenue for the state would likely exceed $ 400 million, if an adult - use marijuana market was legalized in New York City.

I think the issue in Albany can be especially appreciated this time of year when residents are our enjoying the amenities that Erie County has to offer that would be threatened if we lost a portion of sales tax revenue.

If passed, registration fees, sales taxes and gas taxes would add an estimated $ 57 million in annual state and county revenues, according to the New York Immigration Coalition, an advocacy group.

Mr. Cuomo has other plans to generate revenue, including changing New York's online sales tax law, which currently requires large online marketplaces like Amazon and eBay to collect sales tax on behalf of the state on shipments to New York buyers if the seller is also in New York.

The Nevele developers say the project, if approved, will generate hundreds of jobs, translating into about $ 100 million in local spending, increased hotel occupancy tax revenues, increased sales tax revenues and 10 percent of gaming tax revenues going to the town of Wawarsing, the village of Ellenville and Ulster County.

The comptroller's office used survey findings and figures from Colorado and Washington, which started allowing marijuana sales in 2014, to estimate how many New Yorkers smoke pot regularly, how much they would spend if it's legalized and how much tax revenue those sales could generate.

If that's the scenario, people will pay slightly less in sales taxes for three months and the county government will be out some $ 6 million in sales - tax revenue, which Cahill claims Hein has squirreled away in budget surplus.

«If he's right and we're wrong, then we'll be very, very happy,» Mr. Lindsay said, adding that Mr. Levy's budget overestimates sales tax revenue by $ 30 million.

«They would lose more than $ 44 million in revenue if we no longer shared sales tax revenue with our school districts,» Mychajliw said.

After moving dramatically to abolish property taxes as a source of funding for the schools, lawmakers last year decided to give voters a choice for replacing the lost revenues: either a two - cent sales - tax increase, to be considered in a March 15 referendum, or an income - tax hike, which will go into effect automatically if the sales - tax rise is rejected.

If more revenue comes from property tax which, generally speaking, is a more stable stream than sales and income tax that comprise so much of the State's GF, the district will have less exposure to decreases in state - supported LCFF funding.

The U.S. Government Accountability Office estimated in a November report that states and municipalities could gain between $ 8 billion and $ 13 billion in annual revenue if they could require online retailers to collect sales tax.

Whether you're a sole proprietor or incorporated, GST / HST sales tax applies if you choose to register voluntarily or if you have more than $ 30,000 of revenue in a year (technically in four consecutive calendar quarters, whether they all fall in the same calendar year or not).

If you were in a 30 % tax bracket you would end up owing $ 3,750 in capital gains tax on the sale of this property ($ 25,000 / 2 = $ 12,500 x 30 % = $ 3,750), leaving you with $ 721,250 of untaxed revenue (assuming no mortgage and not including real estate transactional fees).

In short: taxes on income can not create a loss [ie: if you have profit, you pay income tax on a portion of that profit, so you would still have some profit leftover]; taxes on revenue, like sales taxes, may create a loss, but that would typically only happen if you had razor thin margins.

A refund anticipation loan also includes any sale, assignment or purchase of a consumer's tax refund at a discount or for a fee, whether or not the consumer is required to repay the buyer or assignee if the federal Internal Revenue Service reduces the consumer's tax refund.

For example, if Canada Revenue Agency registered a mortgage against the property, the property would be subject to that mortgage even after the tax sale.

If you are a Washington - based business or organization and are exempt from paying sales tax, we also need your Department of Revenue Washington State Resale Certificate.

Once you have completed the above steps, if your tax for has been filled out correctly, you will be eligible to earn 5 % of the revenue from purchases that originate from your channel page while you are broadcasting a game that is either for sale or has in game items for sale on Twitch.

Now I read that even if a piece is sold, the artist: 1) Isn't informed about shipping addresses; 2) Isn't assured that they have or will be paid; 3) Is responsible for paying the buyer's sales tax bill; 4) Presumably is required to forward sales tax funds to the buyer's state department of revenue; 5) Has money / time invested in shipping a parcel to a potential buyer who may or may not return the art a week later (like a toaster oven); 6) Has language like the following within their user agreement: royalty - free, sub-licensable through multiple tiers, perpetual, irrevocable, worldwide right and license to use, reproduce, distribute, modify, translate, create derivative works from, publish, publicly perform and publicly display such User Content and any names, likenesses or trademarks depicted in such User Content, in any media now known or later developed, only for the purposes of developing, promoting and providing the Site.»

Perhaps if the carbon tax increased revenue (still in combination with some reductions in sales tax) then there would be support in those quarters.

For the avoidance of doubt, Gross Revenues shall (A) exclude monies received from any source other than the sale of electric energy and capacity, including, without limitation, any of the following: (i) any federal, state, county or local tax benefits, grants or credits or allowances related to, derived from, or granted to the Wind Energy Project or Grantee, including, but not limited to, investment or production tax credits, or property or sales tax exemptions, (ii) proceeds from financing activities, sales, assignments, partial assignments, contracts (other than the power purchase agreement) or other dispositions of or related to the Wind Energy Project (such as damages for breach of contract or liquidated damages for delays in project completion or failures in equipment performance), (iii) amounts received as reimbursements or compensation for wheeling costs or other electricity transmission or delivery costs, and (iv) any proceeds received by Grantee as a result of damage or casualty to the Wind Energy Project, or any portion thereof and (B) include any revenues derived from Grantee's sale of carbon dioxide trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags, tradable renewable credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any voluntary registry, association or market - based eRevenues shall (A) exclude monies received from any source other than the sale of electric energy and capacity, including, without limitation, any of the following: (i) any federal, state, county or local tax benefits, grants or credits or allowances related to, derived from, or granted to the Wind Energy Project or Grantee, including, but not limited to, investment or production tax credits, or property or sales tax exemptions, (ii) proceeds from financing activities, sales, assignments, partial assignments, contracts (other than the power purchase agreement) or other dispositions of or related to the Wind Energy Project (such as damages for breach of contract or liquidated damages for delays in project completion or failures in equipment performance), (iii) amounts received as reimbursements or compensation for wheeling costs or other electricity transmission or delivery costs, and (iv) any proceeds received by Grantee as a result of damage or casualty to the Wind Energy Project, or any portion thereof and (B) include any revenues derived from Grantee's sale of carbon dioxide trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags, tradable renewable credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any voluntary registry, association or market - based erevenues derived from Grantee's sale of carbon dioxide trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags, tradable renewable credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any voluntary registry, association or market - based exchange.

If cryptocurrency gains acceptance as a means of exchange, it's sure to raise the ire of governments hungry for revenue from sales taxes.

The guidance, published Tuesday, sets Germany apart from the U.S., where the Internal Revenue Service treats bitcoin as property for tax purposes - which means that if an American buys a cup of coffee with bitcoin, it's technically considered a sale of property and potentially subject to capital gains tax.

For example, if cities lose sales tax revenue to online transactions, will property taxes rise?

Even if there's no meaningful increase in internet sales over the next 10 years, Platt said empowering states to collect taxes from online transactions could generate $ 260 billion in local revenue.

If the Investor has not identified any like - kind replacement property within the 45 calendar day identification period the capital gain income tax liability would be recognized in the following income tax year pursuant to the Installment Sale Rules under Section 453 of the Internal Revenue Code because the Investor does not have the legal right to obtain access to or receive the benefits from his 1031 exchange funds until the 46th calendar day, which is in the following income tax reporting year.