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8I Consent 2021 0719
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8I Consent 2021 0719
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7/15/2021 4:33:34 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
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7/19/2021
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Reso 2021-117 Muniservices for Examination of Sales or Transactions and Use Tax Records
(Approved by)
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\City Clerk\City Council\Resolutions\2021
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sales tax income. <br />Sales Tax Trend Report.Data is summarized <br />by economic category and by business sector <br />making up each category.Sales tax trends <br />are shown by quarter and by successive <br />benchmark years.Percent of sales tax is <br />also shown to indicate trends in sales tax <br />composition as well as performance. <br />Growth and decline comparisons are indicated <br />by various categories for forecasting and <br />analysis. <br />Sales Tax by Account/Sub-Number.The SBE <br />does not provide the specific sales tax <br />amounts generated by each individual location <br />of a firm with multiple locations in the same <br />city.Such a breakdown is needed if the city <br />is to track sales tax by specific geo-areas, <br />such as shopping centers,redevelopment <br />areas,business districts,industrial parks, <br />etc.STARS allocates sales tax by location <br />and even customized difficult allocations <br />such as auto dealers with showrooms,leasing, <br />used cars,and body repair shops.This <br />report shown the amounts allocated to each <br />individual location for a firm with multiple <br />locations in the City. <br />Geo-Coding.Tracks sales tax performance <br />within designated areas of the City (e.g., <br />key shopping centers,redevelopment project <br />areas,downtown business districts,etc.) <br />Charts and printed reports are included for <br />780
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