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Item 14env cuNnREPORfMeeting Date: General Plan Element: General Plan Goal:June 25, 2019, Public Services & Facilities Provide services to improve neighborhoods and the lives of Scottsdale residentsACTION
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Fiscal Year 20 SALT refers to state and local tax filings related to the revenues and expenses reported for the fiscal year that ends in 2020, especially for businesses and individuals subject to specific state and local tax regulations.
Businesses, corporations, and individuals who have income, property, or transactions that fall under the jurisdiction of state and local taxes during fiscal year 2020 are required to file SALT returns.
To fill out fiscal year 20 SALT, taxpayers should gather necessary financial documentation, complete the appropriate state and local tax forms, report income and deductions accurately, and ensure compliance with tax regulations specific to their jurisdiction.
The purpose of fiscal year 20 SALT is to report state and local income, property, and other applicable taxes to the relevant authorities, ensuring that taxpayers meet their obligations and that governments can collect revenue for public services.
Reported information typically includes total income earned, deductions claimed, tax credits, property values, and any other relevant financial data specific to state and local tax obligations.
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