Sentences with phrase «sales tax revenue because»

The transit agencies also face reduced sales tax revenue because of increased e-commerce and Illinois» poor economic growth.

Not exact matches

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.

But this Will County parcel, just south of the county border, has been eyed by the village because of its potential economic value in terms of real estate and sales tax revenue.

They are happy to see the improvements because they expect it'll be better for business, which in turn should create more sales tax revenue for Orland Park.

«And, just because the person doesn't pay income tax, doesn't mean there's not a revenue enhancement to that person getting a job in the state,» adding the worker might buy a house, generate real estate fees, sales taxes and other spending in the community.

Mychajliw projects sales tax revenue will be down about $ 13 million this year because of lower gas prices.

That is the year Mahoney started to rely less on property taxes because she held back the share of sales tax revenue the county shares with the towns and villages.

The city estimated only modest increases in tax revenue, because of lower revenue from income taxes and real estate sales taxes, offset by a rise in property tax receipts.

In total, the city has raised its revenue forecasts by $ 5.1 billion through FY 2017, largely because real estate values and sales activity are increasing faster than had been expected and personal income tax collections have been strong.

Faced with a massive shortfall in revenue because of the recession, then - Democratic Gov. Bev Perdue asked Republican leaders to extend part of a temporary 1 - cent sales tax increase to maintain education funding.

That is because many of these commercial breeding operations are not licensed or registered; the county as well as the state is losing hundreds of thousands of dollars in sales tax revenues.

In fact, many communities want to see outlet centers built because of the tremendous amount of sales tax revenue they bring in.

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.