Kenai
Peninsula Borough |
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Kenai Peninsula Borough SALES Overview |
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Sales tax records provide data useful for predicting economic trends and provide a basis for administrative decisions. Data collected are specific to the area collecting and reporting sales but, by combining data from reporting communities, KPB trends can be determined. Routinely, three years or twelve quarters of information are revised each quarter. Sales data is provided by the KPB Finance Department, Sales Tax Division. Homer sales and construction data may reflect the impact due to annexation of 4.58 square miles which increased the total area of Homer by over twenty-eight percent. The annexation became effective April 1, 2002. |
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KPB sales data include detail from Homer, Kenai, Seldovia, Seward, Soldotna and “KPB unincorporated” areas. “KPB unincorporated” indicates areas within the KPB but outside the boundaries of the five incorporated cities. It also includes Kachemak City, which does not impose a sales tax. The 2% KPB sales tax is included in the city rates listed below, with revenues dedicated to funding the KPB school district. The balance is the tax imposed by each city with revenues being managed by that city. The KPB does not provide an incentive for reporting non-taxable sales, resulting in incomplete Gross Sales data. |
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Gross and Taxable Sales data are received
quarterly through Sales Tax Returns from businesses within the KPB.
Sales that are exempt from sales tax include: |
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INDUSTRY abbreviations used in sales data
include the following: |
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