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  Agenda Item No. H.2.       
Meeting Date: 03/15/2021  
Item Requested By: Stephanie Wojcik
Staff Contact: Stephanie Wojcik
Contact Phone Number: 928-668-0529  
Type of Agenda Item: Presentation w/Action, Direction to Staff, New Business
STRATEGIC PLAN
This project addresses the below Priority Area(s) and relates to the listed Specific Initiative(s):
All areas

AGENDA ITEM:
Consider Approving a Notice of Intent to Increase one or more Transaction Privilege Tax Categories - Vince Lorefice, Town Manager
BACKGROUND INFORMATION:
At the Council meeting on February 16, 2021, staff was directed to bring back additional information on possible transaction privilege tax increases. An increase to any of these categories is a process that takes several months. If direction is given at this meeting to begin the process, the soonest the new rate(s) could go into effect would be July 1, 2021.
 
At this time, staff is only looking for a consensus on whether or not to begin the process, and if so, for which categories, and whether there are there any restrictions Council may desire such restrictions provided in Ordinances 1150 and 1174.

Should Council decide to move forward, staff will post the Notice of Intent to increase on the Town's website and other areas to notify the public. Then, the soonest this could be brought back to Council for further discussion and adoption of an Ordinance would be at the May 17, 2021 regular meeting.
SUGGESTED MOTION:
I move to approve the Notice of Intent to begin the process of increasing the transaction privilege tax rate in the following categories: _____________________; with the increase being distributed to (ex. General Fund, Bed Tax, Etc.) __________________________.
Attachments
Public Notice
Tax Rates in AZ
Ordinance 1150
Ordinance 1174
Presentation

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Form Review
Form Started By: Stephanie Wojcik Started On: 03/04/2021 08:50 AM
Final Approval Date: 03/08/2021

    

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