Reminder for Local Businesses Regarding the Recent Adjustments Made to City Code Regarding Sales Tax and the Cap
The amendments passed on November 29th, 2023, bring significant changes, including an increase in the cap on taxable sales and services from $3,000 to $5,000 through Ordinance 1212. Additionally, Ordinance 1210 has raised the sales tax rate from 6% to 7% while also refining the language to clarify Cordova’s sales tax scope and application.
To access these ordinances for more detailed information, please visit the city website at www.cityofcordova.net/ordinances.
As these changes directly impact your business operations, it is crucial to adjust your pricing strategies and tax collection processes accordingly. By doing so, you can ensure compliance with the updated regulations and avoid any potential penalties.
Your commitment to compliance will not only benefit your business but also contribute to the smooth functioning of the community as a whole.
If you have any questions please contact the City of Cordova Finance Department at (907)424-6200 or email finance2@cityofcordova.net