Public Notice posted August 18, 2021
The Marana Town Council may consider approving a ½% tax rate increase to the following transaction privilege tax classifications for the purpose of funding certain infrastructure and municipal building projects, such as the Multi-generational Community Center and Aquatic Center at a public meeting on Tuesday, October 19, 2021:
|
Classification |
Tax Code Section |
Business Code |
Current Tax Rate |
Proposed Tax Rate |
|
Amusements |
410 |
012 |
2.00% |
2.50% |
|
Job Printing |
425 |
010 |
2.00% |
2.50% |
|
Manufactured Buildings |
427 |
027 |
2.00% |
2.50% |
|
Timbering and Other Extraction |
430 |
020 |
2.00% |
2.50% |
|
Publication |
435 |
009 |
2.00% |
2.50% |
|
Hotels |
444 |
044 |
2.00% |
2.50% |
|
Commercial Rental, Leasing, & Licensing for Use |
445 |
213 |
2.00% |
2.50% |
|
Rental Occupancy |
445 |
040 |
2.00% |
2.50% |
|
Rental, Leasing, & Licensing for Use of TPP |
450 |
214 |
2.00% |
2.50% |
|
Restaurants and Bars |
455 |
011 |
2.00% |
2.50% |
|
Retail Sales |
460 |
017 |
2.00% |
2.50% |
|
Communications |
470 |
005 |
4.00% |
4.50% |
|
Transporting |
475 |
006 |
2.00% |
2.50% |
|
Utilities |
480 |
004 |
4.00% |
4.50% |
|
Use Tax Purchases |
610 |
029 |
2.00% |
2.50% |
The above suggested changes will impact the general public and commercial businesses who participate in the activities covered by the classifications shown above.
Based on fiscal year 2019-2020 collections of $26.9 million for the above tax classifications, the Town anticipates annual revenues to increase by an estimated $6.25 million in the first full year of collections after the proposed increase. Click here to read a schedule of the proposed increased tax that includes the amount of the tax and data supporting the new increase.
All funding related to this increase will be deposited in a separate, special revenue fund dedicated for the purposes designated by Council, as stated above.
Additional information may be found on the Town’s Proposed Sales Tax increase webpage at https://www.maranaaz.gov/yourtownfuture
