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SECTION 2 [Sections 2 through 8 must be completed for each redevelopment project area listed in Section 1.] FY 2022 Name of Redevelopment Project Area: TIF 2 Primary Use of Redevelopment Project Area*:
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FY - annual tax refers to the yearly tax obligation that individuals or businesses must report and pay based on their fiscal year income and expenses.
Individuals, corporations, and entities that generate income during the fiscal year are generally required to file an FY - annual tax.
To fill out an FY - annual tax, taxpayers must gather all pertinent income, expense, and deduction information, and complete the appropriate tax forms, ensuring accuracy and compliance with tax regulations.
The purpose of FY - annual tax is to assess and collect the appropriate amount of taxes owed based on an entity's financial performance during the fiscal year, and to ensure compliance with tax laws.
The information that must be reported includes total income, allowable deductions, tax credits, and other relevant financial data for the fiscal year.
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