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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