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DECEMBER 3, 2015, SPECIAL WORK SESSION AGENDA CUMBERLAND COUNTY BOARD OF COMMISSIONERS COURTHOUSE CONFERENCE ROOM 564 8:30 AM1. Approval of Agenda2. Discussion of Local Sales Tax Distribution Agreement

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How to fill out local sales tax distribution

01

Determine the local sales tax rate for the specific area where the sales took place.

02

Calculate the amount of sales made in that area during the reporting period.

03

Apply the local sales tax rate to the total sales amount to determine the local sales tax due.

04

Fill out the appropriate forms provided by the local tax authority with the calculated local sales tax amount.

05

Submit the forms and the tax payment to the local tax authority by the deadline.

Who needs local sales tax distribution?

01

Businesses that operate in areas with local sales tax requirements.

02

Individuals who make sales in areas with local sales tax laws.

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What is local sales tax distribution?

Local sales tax distribution refers to the allocation of collected sales tax revenue to local governments or jurisdictions based on specific tax codes and regulations.

Who is required to file local sales tax distribution?

Businesses or individuals who collect sales tax on behalf of local governments are required to file local sales tax distribution.

How to fill out local sales tax distribution?

Local sales tax distribution can be filled out online through the designated tax department website or submitted through mailed forms provided by the local government.

What is the purpose of local sales tax distribution?

The purpose of local sales tax distribution is to ensure that collected sales tax revenue is distributed accurately and fairly to local governments for public services and projects.

What information must be reported on local sales tax distribution?

Information such as total sales tax collected, breakdown of sales by location, and any exemptions or deductions must be reported on local sales tax distribution forms.

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