Rogers Sales Tax Revenue Up
Posted: August 22, 2012 at 5:46 a.m.
Sales tax revenue in Rogers has been up 12 consecutive months and August is no exception, but Bentonville, Fayetteville and Springdale revenues for the month dipped.
At A Glance
Sales Tax Project
The Streamline Sales Tax Project is a multistate project seeking to standardize tax policy throughout the U.S. to get Congress to pass legislation requiring mail order and Internet retailer to charge sales tax. Rebates are part of the project.
Before Jan. 1, 2008, county and city taxes throughout Arkansas were only charged on the first $2,500 of any single invoice. That cap no longer exists for individuals because of the project requirements.
However, the cap still applies to businesses’ purchases through a rebate from the Department of Finance and Administration. The business owner must pay the sales tax, then file for a rebate within six month of the invoice date.
For example, Walmart files for rebates, but city officials never know when the rebate will hit.
Source: Staff Report
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Comments
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Sales tax revenues falls for Fayettteville compared to last year which should never happen with everything that town has.
This is what happens to Fayetteville during a hot summer and high gas prices also add on paid parking on Dickson street.
Paid parking on Dickson street will make people staying in hotels in Rogers ,Bentonville,and Springdale decide not to go to the highly well known around the state of Arkansas in Fayetteville's Dickson street bars and restourants and just spend money at a bar or restourant near their hotel.
Posted by: WSJ
August 31, 2012 at 4:21 p.m. ( permalink | suggest removal )
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