Utah Admin. Code R884-24P-59 - One-Time Decrease in Certified Rate Based on Estimated Additional Resort Communities Sales Tax Pursuant to Utah Code Ann. Section 59-2-924
A. The estimated
additional resort communities sales tax revenue to be distributed to a
municipality under Section
59-12-402
shall be determined based on the following formula:
1. time series model, econometric model, or
simple average, based upon the availability of and variation in the data,
weighted 75 percent; and
2. growth
rate of actual taxable sales occurring from January 1 through March 31 of the
year a tax is initially imposed under Section 59-12-402, weighted 25
percent.
Notes
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