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The California Area School District is a small public school district serving the boroughs of Allenport, California, Coal Center, Elco, Long Branch and Roscoe and West Pike Run Township in Washington County, Pennsylvania. A portion of the borough of West Brownsville is also within the district's boundaries. The district was formed in 1948 with ...
Sales tax is governed at the state level and no national general sales tax exists. 45 states, the District of Columbia, the territories of Puerto Rico, and Guam impose general sales taxes that apply to the sale or lease of most goods and some services, and states also may levy selective sales taxes on the sale or lease of particular goods or ...
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
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In its 1994 fiscal year, Winston Tire posted a loss of $647,000 on $134.9 million in sales, compared to a $1.2-million loss on $147.7 million in sales in 1993, according to Dun & Bradstreet. Despite all this, Winston Tire remained a profitable company, according to Tom Bonburg, who at the time was Winston Tire's chief executive. [2]
The routine yearly increases district-wide, along with any increase in site value from the public and private investment, generate an increase in tax revenues. This is the "tax increment." Tax increment financing dedicates tax increments within a certain defined district to finance the debt that is issued to pay for the project.
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