Sales Tax News - September 22, 2017

By Brian Greer on Fri, Sep 22, 2017 @ 07:43 AM

Topics: sales tax news

Santa Fe County Votes Down Proposed Sales Tax Increase

Voters in Santa Fe County, New Mexico rejected a proposed sales tax increase that would have raised money for public safety jobs and behavioral health services.  About 70% of Santa Fe voters voted against the tax increase that would have raised gross receipts tax rate by one-sixteenth of a cent.  The proposed tax increase was expected to generate an extra $2 million annually.  The vote comes after commissioners approved a one-eighth-cent sales tax increase to create safety personnel positions, and that tax increase is expected to generate $4.6 million dollars a year.

Woodstock City Council Implements 1 Percent Home Rule Sales Tax

Woodstock city council members have decided to implement a one percent home rule sales tax for residents of the Illinois city.  The new tax increase will go into effect starting on January 1.  The discussion first arose after Woodstock became a home rule community in June.  Woodstock officials believe the new tax will generate an additional $2.5 million a year.  The new revenue raised from the taxes will go towards infrastructure improvements and property tax relief. 

Belleville Sales Tax Set To Expire At Year's End Is Now Permanent

Belleville aldermen agreed to permanently keep a sales tax that was expected to expire at the end of the year.  The .25 percent sales tax was first implemented to replace the city's wheel tax over five years ago.  The sales tax generates an additional $1.1 million annually and is used to help pay for the city's day-to-day operations.  The Illinois city mayor called for the council top keep the tax, because it was greatly needed in the city.

Brian Greer

Written by Brian Greer