Chris King Quotes on Business & Commerce (5 Quotes)

We didn't mail notices just to businesses inside the city limits because there are others that may be affected by the tax if they currently lease in the city or possibly will in the future,

A sales tax is a tax on the consumer and a rental tax is a tax on the business itself. The tax is calculated based on the rental fee charged. For example, if a business leases a piece of equipment for 100 a day, the rental tax owed for that lease is 4 percent or 4,

We believe that this relationship will benefit the entire AMIS business, providing our business units the ability to design ICs with high gate counts, as well as offering turn-key customers the next-generation, specialized process technology required to produce robust solutions for demanding automotive, medical and industrial applications.

If they charge a rental fee of 100 now, that fee may be 104 in the future, but that is something each business will decide for themselves, ... We'll receive a monthly accounting of rentals and leases from each business and the 4 percent tax will be applied. In the beginning, each business will be required to pay the tax monthly, but later, that can be adjusted to quarterly or every other month, whichever the business prefers.

Just as is the case with the sales tax, once we get those returns in we'll cut the city a check. By December or January we should be able to get an idea of what sort of revenue the tax will generate,