Latest quarterly sales tax tops $108,000
By Jan Schultz
The Imperial Republican
While the third quarter total wasn’t as high as the second quarter, Imperial’s return from the city sales tax collected in July, August and September still topped the $108,000 mark.
According to the Nebraska Department of Revenue, Imperial gained $108,991.95 for the third quarter in 2012.
Individual monthly breakdowns show, not surprisingly, that August had the highest sales tax receipts. The Chase County Fair likely helped August be the highest monthly total of the quarter with $40,484.18 received.
Other monthly totals for the third quarter show $36,620.24 in July and $31,887.53 in September.
Figures in the accompanying chart also include the city sales tax receipts specifically from motor vehicle registrations those months.
When each month’s funds are received by the city, the city sales tax paid on vehicles is removed from the total and placed in the city street department fund as required by law.
What is left is split 50/50 between economic development and community development projects approved by the city council.
The city’s proceeds come from the one percent sales tax added to the state’s 5.5 percent on qualified purchases in the city limits.
Imperial voters approved the city sales tax in November 2006, and it went into effect the following April.