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HomeMy WebLinkAbout06/20/2006 Blue Sheet Amending the Model City Tax Code TOWN COUNCIL MEETING INFORMATION TOWN OF MARAN A MEETING DATE: June 20, 2006 AGENDA ITEM: J. 1 TO: MAYOR AND COUNCIL FROM: Roy Cuaron, Finance Director SUBJECT: Ordinance 2006.18 and Resolution No. 2006-90: Relating to Sales Tax; amending the Model City Tax Code DISCUSSION Historically, the state legislature enacts legislation that affects the Model City Tax Code. The 2006 Tax Code Amendments conforms the Model City Tax Code with recent changes in state law. Generally speaking, the Model City Tax Code is a standard set of rules and regulations that govern the imposition and collection of transaction privilege, use and severance taxes, collectively known as sales tax. Most cities and towns throughout the state, including the Town of Marana, have adopted the Model City Tax Code as their official enforcement guide. The 2006 Tax Code Amendments are designed to reflect recent changes in state law to make compliance with the tax code easier for businesses. The amendments are the result of a combination of changes suggested by the Unified Audit Committee and the Arizona Tax Research Association. The Unified Audit Committee is comprised of city/town auditors throughout the state and the Arizona Department of Revenue. The committee meets regularly to review tax code issues. Attached is a synopsis of the changes as prepared by The League of Arizona Cities & Towns. None would appear to have any detrimental impact on the Town's sales tax base. Among the more notable changes are: a) Make numerous changes to the process of refunding excess sales tax collected by the town; b) Makes income from housing units rented to low income tenants exempt from sales tax. Staffwill be available at the meeting to further explain and discuss the amendments. ATTACHMENT 2006 Model City Tax Code Changes. Adoption of Model City Tax Code 06/14/2006; 5:18 PM; RC RECOMMENDATION Staff recommends adoption ofthe 2006 Model City Tax Code amendments. SUGGESTED MOTION I move to adopt Ordinance No. 2006.18 and approve Resolution No. 2006-90. 2006 Model City Tax Code Changes 1. Refunds of Excess Tax Collected. Makes numerous changes to the process of refunding excess sales tax collected by a city/town. Attached is a more detailed explanation of these changes. 2. Low-income Housing. The new language to be placed in the Model City Tax Code makes income from housing units rented to low-income tenants exempt from sales tax (including Public Housing tenants) when: · the housing is restricted to tenants based on a maximum tenant income, and · a maximum rent that can be paid by the tenant has been established under federal law or regulations, and · the federal law or regulations do not provide for collection of rental tax from the tenant over and above the maximum rent, and · the amount actually collected from the tenant is at the maximum rent level. All rental income from the units meeting these four qualifications is exempt, including any related subsidy or income tax credit. Gross income from other units, even at the same complex or project, is taxable. MARANA ORDINANCE NO. 2006.18 AN ORDINANCE OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, RELATING TO THE PRIVILEGE LICENSE TAX; ADOPTING "THE 2006 AMENDMENTS TO THE TAX CODE OF THE TOWN OF MARANA" BY REFERENCE; ESTABLISHING AN EFFECTIVE DATE; PROVIDING FOR SEVERABILITY AND PROVIDING PENALTIES FOR VIOLATIONS. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA: Section 1: That certain document known as "The 2006 Amendments to the Tax Code of the Town of Marana," three copies of which are on file in the office of the Town Clerk ofthe Town of Marana, Arizona, which document was made a public record by Resolution No. 2006-90 ofthe Town of Marana, Arizona, is hereby referred to, adopted and made a part hereof as if fully set out in this ordinance. Section 2: The provisions of this ordinance and the public record adopted herein are effective from and after July 1, 2006. Section 3: Any person found guilty of violating any provision of these amendments to the tax code shall be guilty of a class one misdemeanor. Each day that a violation continues shall be a separate offense punishable as herein above described. Section 4: If any section, subsection, sentence, clause, phrase or portion of this ordinance or any part of these amendments to the tax code adopted herein by reference is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions thereof. PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 20th day of June 2006. ATTEST: Mayor Ed Honea APPROVED AS TO FORM: Jocelyn C. Bronson, Town Clerk Frank Cassidy, Town Attorney MARANA RESOLUTION NO. 2006-90 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, DECLARING AS A PUBLIC RECORD THAT CERTAIN DOCUMENT FILED WITH THE TOWN CLERK AND ENTITLED "THE 2006 AMENDMENTS TO THE TAX CODE OF THE TOWN OF MARANA." NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council ofthe Town of Marana, Arizona, that certain document entitled "THE 2006 AMENDMENTS TO THE TAX CODE OF THE TOWN OF MARANA," three copies of which are on file in the office of the Town Clerk, is hereby declared to be a public record, and said copies are ordered to remain on file with the Town Clerk. PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 20th day of June 2006. Mayor Ed Honea ATTEST: APPROVED AS TO FORM: Jocelyn C. Bronson, Town Clerk Frank Cassidy, Town Attorney Marana Resolution No. 2006-90