Sales Tax Update
April sales tax collections are based on retail sales made in March 2011, but also include delinquent collections from prior periods.
Due to the .85% tax increase, tax collections are no longer an accurate comparison for year-to-year activity. Instead, the monthly sales and use tax report will also include net taxable amounts, which are the amount of goods sold or purchased that are subject to sales or use tax.
Please visit http://www.fcgov.com/salestax to read the complete report.
Keep Fort Collins Great Sales Tax: $1.65 million
Net Taxable Subject to Sales Tax: $189.9, an increase of 1.4% from April 2010.
Net Taxable Subject to Use Tax: $31.7 million, an increase of 38.9% from April 2010.
National Sales Tax: Increased 7.1%, compared to Fort Collins' increase of 1.4%.
Building permit collections: Increased 92.2%.
Residential: 28 compared to 30 in April 2010. Residential remodels: 57 permits. In April 2010 there were 73 remodel permits.
Commercial: 1 permits for new construction, 20 for remodeling. In April 2010, 1 permit was pulled for new construction, 13 permits for remodeling.
Sales Tax Licenses: 76 applications for sales tax licenses for new businesses and 38 businesses terminated their licenses in April. There were 10,378 active sales tax licenses at the end of April.