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Ptalirrti /zrtrj sib,. ;des. .• <br />O S% 5- Gonitty Metro .Area Transit Sales ifiul•UseTax <br />Septembcr 20080 December 2008. $28,800 <br />Ja.nuaiy 2009 to:7une 2009.: $4.1,700 <br />Bffectivo date is:11u4:1 .2008. <br />Note: The:estimatea•iefleot when revenues'woutd be re eived by thu Transit Improvement Board.: <br />The estimates do net include the separate $20'per vcllicic motet .velucle excise. tax. <br />• Laws 2008, Chapter 152;. provides.ioi a 0:25% loea1.salt:s::inil usc•.tax foi•the xcven netro'oounties: Five •• <br />coiinties - Arioka, Dakota, I3ennePiu, Ramsey; and Washington v: %ure•pa rticipating:: ••1'lie 045 %:5- coutrty <br />.: metre- area..sales• and nse tax is tab°. iinpotied on•the saint base as the state 6.5% sales and use: tax. '.fhe•• .. .. • ..tax'is.to be used for fransit and will be retuittcd te. thp'1.Yarisit InnprOVeinent•Boarr1: <br />. The taa will• be offeettvc July.1,• 2008. It is expected }fiat the;tax enJulysales *high: is remitted. to :the <br />.. state:in August-will.be rerrritted:to the Transitlrnpiovelnent Board (CCI13) 5 days after the lat.. diST•6f . <br />August with a icconeiliatiotr payment 40 days after the.last•day of.Augiast: , This pattern wilicentinue • • <br />t <�r snlbsetjuent.inoutlis. . <br />• • the estimate is. based on two pri itag somces::1) eialelidar year 2006 sales .and use tax statistics <br />•• 'tired: deed by. the Deparhueilt.of Reveuuc,: ind 2) 12 months of. actual i:ol ections forthe 0.15%,:•... <br />Ilennep ri•Coinity sales. tax.(Apiil 2007.0' March 2008): • • . <br />• A total of $28.16 million of.sales and use taut collections were reported file tilt current Hennepin • . <br />Coutity0,1.5% loeaitax Aliiil.2007 to Mareli 2008. <br />This $28.•6:n1i11ioir for.ITeturepin County iS• converted from tha0,15 %taxxateto the 0.25 %tax rate..• <br />".11.ie calcailated ainonnt.ferlite saini .period o± tinnc (April 2007 le Marc 1.20.08) at.the.0.25% rate is <br />$4G r9 lion. <br />Based orttlic 2006 sales tax .... <br />tatistics; ... tis•assuired:that.tiic counties of 1Anoka, Dakota, Rarnsey, and• • <br />Wasb:tngtoif combined• pre 81.6% of the 11onnepi r.County amounts, . . <br />• An avuri gc a�nriral..growth factor of 2 %. is applied to..dcteiniinc 2008 •and2009 estimates. 'tile average <br />atuirtal growth factor is basecl on in.torination .fiorri.(3lobal Jnsight (April:200a pubiioation). ".. <br />• Adjusttinarits.wcre: included. to; account for iinpleniciitation issues'and;to net out.adiiunstrative <br />elarges, .. <br />• •:ivtinnesola Depautrnent: of Revenue <br />'Pax ResearehDivision • •: • <br />May 30, 2008 ••• •...: <br />. 9.25%hMett.nPruisitS'i <br />