Mohave County rolls back sales tax for 2020
Mohave County residents will embrace a reduction in the Transaction Privilege Tax (TPT) at the stroke of midnight on December 31. A 20-year quarter-cent sales tax increment implemented by the Board of Supervisors in 1999 will sunset before dawn of the New Year. Financial Services Director Coral Loyd said the quarter-cent tax generated almost $122 million by October of this year and that the 20-year total through December is projected at $123 million. The revenue has always been earmarked for capital improvement projects. While remaining revenue from the sunsetting tax is dedicated to the current Mohave County Courthouse, previous funds…