Sentences with phrase «on sales tax revenue»

In another financial matter, Erie County will soon be going to market for its annual revenue anticipation note to cover short - term expenditures while waiting on sales tax revenue.

The 5 percent surplus will be spread among 41 cities, towns and villages, deemed a credit positive by Moody's, the credit rating agency which released a report on the sales tax revenue.

With the 2 percent limit on local property - tax levies in place, Comptroller Tom DiNapoli said that local governments may need to rely more on sales tax revenue to balance their ledgers.

Not exact matches

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.

Investors in Puerto Rico's bonds argued in court Tuesday over which group has a claim on sales - tax revenue that could be used to recoup their money.

Cuts to the highest per - capita spending in Canada will doubtless be part of the budget Premier Alison Redford unveils on March 7, but a shortfall on the revenue side, namely oil and gas royalties, has prominent Albertans calling for a more stable source of funding: a provincial sales tax.

Small business owners must decide which method to use depending on the legal form of the business, its sales volume, whether it extends credit to customers, whether it maintains an inventory, and the tax requirements set forth by the Internal Revenue Service (IRS).

The latest figures on tax revenues from the Colorado Department of Revenue hit a new high in the month of August, with recreational sales totaling about $ 34.1 million, compared to $ 29.3 million the previous month.

«States are revenue hungry and looking for ways to assess sales, user, corporate, nonresidential, income, payroll, or registration taxes on nonresident companies,» warns Levine.

For the state, it could mean falling short of the $ 44 million to $ 82 million in annual revenue it expected to collect from the 17 percent tax on pot sales.

Sales Tax revenue is projected to rise based primarily on growth in consumer spending after adjustments for measures and prior - year amounts.

Under the Bonus Plan, our compensation committee, in its sole discretion, determines the performance goals applicable to awards, which goals may include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions, cash flow, cash position, earnings (which may include any calculation of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating cash flow, operating expenses, operating income, operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit, return on assets, return on capital, return on equity, return on investment, return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder return, working capital, and individual objectives such as MBOs, peer reviews, or other subjective or objective criteria.

It would do well to federalize the property tax, levied on land rent as the basic fiscal revenue, reversing the tax shift since the 1930s onto labor via income and sales taxes.

A lower tax on land rents leaves more to be capitalized into bank loans, and hence inflates the price of housing — while government revenue is balanced by burdening labor and industry with income and sales taxes.

But, as seen in the Figure above, because income taxes have been cut, the province's reliance on income tax revenues have dropped by one third over the last decade, so much so that income taxes now raise about the same amount as sales taxes.

Companies currently deduct practically all of their costs, including imports, from their sales revenue, and then pay taxes on the profits that are left.

On January 1, 1991, the previous Conservative Government replaced the federal manufacturer's sales tax with the Goods and Services Tax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue batax with the Goods and Services Tax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue baTax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue base.

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.

PepsiCo — which announced rising sales, increased organic revenue and a higher quarterly profit last week — revealed sales in Mexico were down 3 percent, in part due to new taxes on junk food.

There are such aspects as tax treatment of the acquisition, incremental revenues from shirt sales, cost savings on letting Bendtner go, safety margins in case of unforeseen expenses or drop in revenues, and agents fees.

personalised or tailored for the customer somehow) through Folksy would be required to register with HMRC and pay the sales tax due on any sales to EU countries (regardless of your business status or revenue).

DENVER, Nov 5 (Reuters)- Supporters said on Tuesday that a Colorado measure to levy taxes on newly legalized sales of recreational marijuana and earmark the first $ 40 million in revenue for public schools had been approved by voters.

The Independent Democratic Conference on Monday rolled out a plan that would help fund repairs to the New York City subway system through sales tax revenue.

In exchange, the Oneidas will give 25 percent of its casino's net revenue to the state, agree to a permanent cap of about 25,000 acres of land, and apply sales tax on cigarettes and gasoline.

«Lower the tax rates, make government more efficient, get the businesses back here, get the private sector booming and then you will be able to fill the coffers when you're collecting road tax from more tractor trailers on the road, more gas tax from more people commuting to work, more sales tax revenue.»

The legislature's finance committee held a hearing on numerous tax proposals Tuesday including raising the sales tax in a quest to cobble together a budget and close a $ 1.7 billion deficit.The panel, which oversees the revenue side of the state budget,...

In a last - minute scramble to boost revenue, House Democrats in late June suggested pushing the state sales tax to 6.99 percent and allowing towns to tack on another percentage point for food and...

Westchester County bases most of its revenue on property taxes, whereas Warren and Saratoga Counties depend on strong sales tax revenue.

In addition to taxes, the city is banking on $ 1 billion in new revenue from the sale of new taxi medallions, which can only be achieved through controversial legislation the governor has yet to sign.

With $ 30 billion more in state revenue, we could restore full funding for public schools and colleges, pay for the state mandates on local governments through increased revenue sharing, cut regressive local property and sales taxes, and build the infrastructure and services of the Green New Deal.

Cuomo also would increase state revenue by expanding the collection of sales tax on more internet purchases.

His requirement that taxes on internet sales be uniformly collected also would help counties get 50 percent of the revenue.

As a minority member on the Onondaga County Legislature, I worked across geographical and party lines to successfully negotiate a 10 - year agreement that ensured Syracuse would receive its fair share of sales tax revenues collected by the county.

To raise revenues, Cuomo proposed requiring extending sales tax collections on online sales, imposing a surcharge on certain health insurers who received a windfall from federal tax cuts, tapping hundreds of millions of dollars in proceeds from lawsuit settlements and raising taxes «e-cigarettes» and taxing opioids (2 cents per milligram prescribed to go to anti-addiction programs).

For the rest of the budget, on the upside, the mayor's office expects to see increased revenue from sales tax, parking fees and property tax collection — thanks to the land bank, the agency tasked with handling the cities massive list of vacant properties.

A statewide initiative on the ballot asks voters to make an exception, and instead direct the tax revenue from marijuana sales toward public education and drug - prevention programs.

I look forward to working with the County Executive and Legislature to ensure that the excess sales tax revenue from 2011 is appropriately used to keep the County on the right path it has been on.

The deal is one step in the right direction for securing a fair split in sales tax revenue for the twin forks — which aren't policed by Suffolk County Police Department — a budgeting issue Legislator Jay Schneiderman (I - Montuak) said he had been working on for more than a decade.

«For state legislators, it is much harder to raise taxes on income or sales or cut spending on education or other vital services, while legalizing and expanding gambling is seen as a relatively easy and painless source of revenue and job growth,» said Lucy Dadayan, the Rockefeller analyst who wrote the report.

to raise $ 2.3 billion — an idea floated many times in the past — Suffolk County would potentially lose $ 120 million more in sales tax revenue than it would save on Medicaid.

The city, benefiting from an economy that boosted sales and income tax collections 15 percent since fiscal 2014, on Tuesday is selling $ 1 billion of bonds backed by that revenue to pay for capital projects.

Year - over-year tax collections from the personal income tax and sales tax in 46 states have grown by more than 10 percent from April through June, but revenue on the local level remains stagnate compared to last year, The Rockefeller Institute for Public Policy found.

At the same time, Cahill said the «revenue piece» — a 4 percent sales tax on individual hails — is still under discussion.

Serino, a county legislator, voted against a resolution to repeal the exemption, but Democrats have seized on her vote for the county budget writ large, which included built - in revenue from the sales tax.

Slowing sales tax revenue among upstate counties during the fourth quarter of 2013 is a sign the region's economy is stalling during the recovery, an analysis from Moody's on Tuesday found.

The report from that weak sales tax receipts are a «credit negative» for upstate counties due to their dependence on the revenue for their operating budgets.

Revenue from the sales tax must be spent on education by law.

Bronx Sen. Jeff Klein (D - Bronx) also said negotiations were «on track» to include his plan to capture a portion of the city's sales tax revenue and use it to fund emergency repairs to the subway system — something the city has so far balked at doing.

The arguments against paid sick leave, as stated in the Capital Region Chamber's petition opposing Local Law «C» on behalf of its more than 2400 area businesses and organizations, include: the proposal will hurt our economy, reduce jobs, lower the county's sales tax revenue, and act as «an impediment to attracting, retaining and growing jobs.»

De Blasio is also currently battling to get Gov. Andrew Cuomo and the Republican - run State Senate to back his proposal for a «mansion tax,» a new levy on home sales over $ 2 million, which he hopes would provide new revenues for senior housing.