Re: [Mpls] Personal Property Taxes

[j c harmon]

Any idea of the sales tax figures due the city related to 
nacho/ticket/beverage sales? Must be a bundle. Snacks are pretty pricey 
there, and the sales tax is 9.5%. Wouldn't the CITY get that? Say 30,000 
people buying 15,000 nachos for $4.75 per...plus sales tax is aroud $78,000 
per night/performance, not to mention drinks and beer. Wonder too if 
concerts could eventually go until 2 a.m. i.e. the proposed closing time. 
Just rambling...
Jill Harmon
Cleveland


From: "Cathy Leighton" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Subject: [Mpls] Personal Property Taxes
Date: Wed, 18 Jun 2003 17:17:50 -0500
I am afraid that Ms. Long is, at least, partially mistaken.  Personal
property taxes, as used in previous posts, refers to the property taxes 
that
are paid by profit-making enterprises that are located in or on tax-exempt
properties.  These are properties that would primarily be owned by
non-profit organizations and the government--at all levels.

If we use the new park board headquarters as an example:  If the MPB rented
extra space to a profit making company, that company would have to pay
personal property taxes.  The for-profit company does not get the exempt
status of the property owner.
I would really like to know however, why this information is not available
publicly as it is for are all other property taxes?
Catherine Leighton
Live in Longfellow/Work North East
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