This post is being made in compliance with Regulation 1808, as directed by the California Department of Tax and Fee Administration, requiring local agencies to report on rebated sales and use tax revenue.
The City of Clovis (local agency jurisdiction code number is 10001) has two current tax sharing agreements in place.
The end date of the fiscal year for which the information is being reported is June 30, 2024.
Business or organization: Anlin Industries, Inc.
The date the agreement with City of Clovis was executed: September 7, 2017
The date the agreement will terminate, absent any renewal: 2028-2029 fiscal year, or 500K net sales tax increment, whichever comes first
Total dollar amount of rebated sales and use tax revenues received by each party to the agreement on or after the date of execution of the agreement, through and including June 30 of the fiscal year the information is being reported: $380,341,26
Total dollar amount of rebated sales and use tax revenues received by each party to the agreement during the fiscal year for which information is being reported: $82,677.55
The percentage of a retailer’s sales and use taxes, if any, used to calculate or otherwise determine the rebated sales and use tax revenues received by each party to the agreement: 50% of annual net sales tax growth of 50% of annual net sales tax increment, using the sales from 2016-2017 as a base.
The percentage of a retailer’s sales and use taxes, if any, used to calculate or otherwise determine the rebated sales and use tax revenues received by any other person that is not a party to the agreement: None
Anlin Sales Tax Participation Agreement – Final
Anlin Sales Tax Participation Agreement Amend 1
Business or organization: Sierra Vista Mall
The date the agreement with City of Clovis was executed: June 1, 2017
The date the agreement will terminate, absent any renewal: June 1, 2032, 15 years from signing of agreement
Total dollar amount of rebated sales and use tax revenues received by each party to the agreement on or after the date of execution of the agreement, through and including June 30 of the fiscal year the information is being reported: $25,722
Total dollar amount of rebated sales and use tax revenues received by each party to the agreement during the fiscal year for which information is being reported: None
The percentage of a retailer’s sales and use taxes, if any, used to calculate or otherwise determine the rebated sales and use tax revenues received by each party to the agreement: For expenditures of at least $1,000,000 but not exceeding $5,000,000, Sierra Vista Mall will receive 15% of the net sales tax increment. For expenditures of at least $5,000,000 but not exceeding $10,000,000, Sierra Vista Mall will receive 25% of the net sales tax increment. For expenditures in excess of $10,000,000 but not exceeding $15,000,000, Sierra Vista Mall will receive 50% of the net sales tax increment. For expenditures in excess of $15,000,000 but not exceeding $20,000,000, Sierra Vista Mall will receive 75% of the net sales tax increment. For expenditures in excess of $20,000,000, Sierra Vista Mall will receive 100% of the net sales tax increment.
The percentage of a retailer’s sales and use taxes, if any, used to calculate or otherwise determine the rebated sales and use tax revenues received by any other person that is not a party to the agreement: None
