APPENDIX 4:
Additional Sales Tax Rate
| 41. | For units that adopted the sales tax in August or November 2007 or in January or May 2008, enter the Comptroller's estimate of taxable sales for the previous four quarters. Units that adopted the sales tax before August 2007, skip this line. | $ |
|---|---|---|
| 42. |
Estimated sales tax revenue. Counties exclude any amount that is or will be spent for economic development grants from the amount of estimated sales tax revenue. UNITS THAT ADOPTED THE SALES TAX IN AUGUST OR NOVEMBER 2007 or IN JANUARY OR MAY 2008. Multiply the amount on Line 41 by the sales tax rate (.01, .005 or .0025, as applicable) and multiply the result by .95. – OR – UNITS THAT ADOPTED THE SALES TAX BEFORE AUGUST 2007. Enter the sales tax revenue for the previous four quarters. Do not multiply by .95. |
$ |
| 43. | 2008 total taxable value. Enter the amount from Line 37 of the Rollback Tax Rate Worksheet. | $ |
| 44. | Sales tax adjustment rate. Divide Line 42 by Line 43 and multiply by $100. | $ /$100 |
| 45. | 2008 effective tax rate, unadjusted for sales tax. Enter the rate from Line 24 or 25, as applicable, on the Effective Tax Rate Worksheet. | $ /$100 |
| 46. |
2008 effective tax rate, adjusted for sales tax. UNITS THAT ADOPTED THE SALES TAX IN AUGUST OR NOVEMBER 2007 or IN JANUARY OR MAY 2008. Subtract Line 44 from Line 45.* *Skip to Line 47 if you adopted the additional sales tax before Aug. 2007. |
$ /$100 |
| 47. | 2008 rollback tax rate, unadjusted for sales tax. Enter the rate from Line 39 or 40, as applicable, of the Rollback Tax Rate Worksheet. | $ /$100 |
| 48. | 2008 rollback tax rate, adjusted for sales tax. Subtract Line 44 from Line 47. | $ /$100 |
If the additional sales tax rate increased or decreased from last year, contact the Comptroller's office for special instructions on calculating the sales tax projection for the first year after the rate change.