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EfilePublicVisualRenderFormObjectId:001Submission:20150116TIN:205478191990,andending06302020C Nameoforganization LOSALAMOSCOMMUNITYFOUNDATIONB Checkifapplicable: AddresschangeDEmployeridentificationnumber352546420Namechange InitialreturnDoingbusinessasFinal return/terminatedETelephonenumberAmendedreturn ApplicationpendingNumberandstreet(orP.O.boxifmailisnotdeliveredtostreetaddress)

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What is l o sa l?

LOSAL (Local Option Sales Assessment Law) is a legislative framework that allows local governments to implement a sales assessment to generate revenue for specific local projects or services.

Who is required to file l o sa l?

Entities that are subject to the Local Option Sales Assessment, which typically includes businesses engaged in retail sales within the jurisdiction implementing the sales assessment, are required to file LOSAL.

How to fill out l o sa l?

To fill out the LOSAL, businesses must complete the designated forms provided by the local government, detailing their sales, expenses, and any applicable tax deductions, and ensure that they follow the instructions provided for accurate reporting.

What is the purpose of l o sa l?

The purpose of LOSAL is to provide local governments with a means to raise funds for public projects and services, such as infrastructure, education, and community development, through a dedicated sales assessment.

What information must be reported on l o sa l?

Businesses must report their total sales, any exemptions, and calculate the amount of local option sales tax owed, along with any other relevant financial information as specified in the filing instructions.

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