Tax & Accounting Blog

City Council to Clarify Language of Sales Taxes

Indirect Tax, ONESOURCE, Sales and Use Tax August 7, 2012

Jeff Hancock, the City Manager of McCook Nebraska, aims to clarify the ballot language of two sales taxes during tonight’s McCook City Council meeting at Memorial Auditorium. Hancock released a City Manager Newsletter Friday that he will attempt to put the explanation in writing and provide councilors with some options to assist in the funding of the city’s much needed capital equipment.

Specifics on what sales tax revenues can be used to fund have become a focus after the proposed 2012-13 city budget included the creation of a new 6 percent tax on mobile telephone services and increasing the land-line telephone tax from 3 to 6 percent.  These increases left $401,797 of general sales tax revenues uncommitted. The tax increases were described as being proposed would be used to finance $158,000 in capital outlay projects.