Agenda - Council - 02/10/1981 - Laserfiche WebLink

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III. ADJUSTED TAXES The adjusted taxes for a unit of local gov- ernment, as derived from the General Rev- enue Sharing Survey and Survey of Local Government Finances conducted by the Bureau of the Census in 1979, are the total taxes of the unit of government in Fiscal Year 1979 (that government's 12-month ac- counting period that ended between July 1, 1978 and June 30, 1979) excluding taxes for schools and other educational purposes. A government's total Fiscal Year 1979 taxes are those which were exacted by that gov- ernment and which were collected by or for that government during Fiscal Year 1979. Total taxes as defined by the Bureau of the Census for general statistical pur- poses included a government's: 1. Property taxes--county, municipal or township taxes levied on the value of real or personal property. 2. Sales taxes--county, municipal or township taxes, either general or selective, on goods and services, measured as a per- cent of sales or receipts, or as an amount per unit sold. Sales taxes are of two types: a. General sales or gross receipts ta~es. b. Selective sales or gross receipts taxes. Examples of selective sales taxes are: · Gasoline taxes · Liquor taxes · Cigarette and tobacco taxes · Public utilities excise taxes · Amusement taxes · Hotel and motel room occupancy and 8 meals taxes 3. Licenses, permits and other taxes-- county, municipal or township taxes not in- cluded in items 1 and 2 above. Examples of license taxes are: · Alcoholic beverage licenses · Business privilege licenses · Motor vehicle and operators licenses · Hunting and fishing licenses · Marriage licenses · Inspection fees charged in connection with the granting or renewal of a li- cense. Examples of permits are: · Building permits · Permits for a business or nonbusiness privilege . Examples of other taxes are: · Income payroll or earnings taxes · Mortgage transfer and recordation taxes · Severance taxes · Death and gift taxes Taxes do not include receipts from service charges, special assessments not based on value, interest earnings or fines and forfeits. All locally imposed taxes are credited to the local government, even if there is a mandatory distribution of funds required in the enabling legislation. This holds true even if the State collects the tax as adminis- trative agent and makes distribution di- rectly to all participating governments. State-imposed taxes that are State collected and retained will be credited as State taxes. An example of the handling of various