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Cottonwood generates more tax revenue
Written by Mark Lineberger   
Tuesday, 24 December 2013 11:04

Economic activity was up in Cottonwood last month compared with November 2012, while activity in other communities overall remained largely static for the month.Owner Gloria Brooks, left, and Karla Sterrett work in a Cottonwood hair salon. Services they provide such as cutting, coloring, and styling hair are not taxable. However, any products they sell, like shampoo, conditioner, hairspray and gel are taxable, because they are a physical product.

Transaction taxes are revenues collected by the state generated across a wide range of economic sectors, ranging from real estate deals and utilities, to retails sales and restaurant receipts.

Numbers for November were released this month by the Arizona Department of Revenue Office of Economic Research and Analysis.

The state recorded collecting $981,089 in November across all economic sectors.
That’s up from $938, 912 over the same period a year prior.

Retail sales tax collections saw a fairly significant boost, by nearly $20,000 over November 2012, with just over $649,000 collected.

For the full story, see the Wednesday, Dec. 25, edition of the Cottonwood Journal Extra.

 

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