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TOWN OF EASTWARD, CONNECTICUT 2023 Revaluation1 Page 1 of 24REQUEST FOR PROPOSALS FOR A REAPPRAISAL UPDATE OF TAXABLE REAL AND EXEMPT PROPERTY LOCATED WITHIN THE CORPORATE LIMITS OF EASTWARD, CONNECTICUT

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What is acts affecting taxes?

Acts affecting taxes refer to laws and regulations that influence the taxation process, including tax rates, deductions, and credits.

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Individuals and businesses that meet certain income thresholds or engage in specific financial activities are required to file acts affecting taxes.

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To fill out acts affecting taxes, individuals or businesses need to gather necessary financial documents, follow the prescribed forms, and report income, deductions, and credits accurately.

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The purpose of acts affecting taxes is to provide a framework for taxation, ensuring compliance with tax laws and the collection of revenue for government services.

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Information that must be reported includes income earned, applicable deductions, credits claimed, and any other relevant financial details as mandated by tax law.

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