Ardmore, TX Use Tax Windfall – 2Good2BTrue?
Posted by salestax on March 7, 2008
The City of Ardmore receive a record breaking check for use tax last month. This article mentions how excited they are and what it possibly might be used for and how it may have been generated.
To go from receiving $150K/month to $700K shouldn’t someone point out that maybe they should plan for a “to good to be true” contingency – perhaps a taxpayer made an error in preparing their return to the state. The returns that states ask companies to complete aren’t exactly the easiest to do and even software programs can make mistakes.
Maybe it is real… but I would still not start handing out grants that you might not have money for later, without doing a little more due diligence. Really, a 550K jump in one month would mean that one taxpayer made a 55M purchase/sale.
