Merchants set to roll back quarter-cent sales tax
MOHAVE COUNTY – Thousands of merchants throughout Mohave County will be rolling back the Transaction Privilege Tax (TPT) at the end of the year. A 20-year quarter-cent sales tax increase approved by the Board of Supervisors (BOS) in 1999 will sunset on December 31 of this year. Financial Services Director Coral Loyd said the quarter-cent sales tax dedicated to capital improvement projects generated $119.2-million in the first 19.5-year period through the end of June. Loyd projects it will generate almost $4 million more, a total of $123 million, when it expires as the new year begins. The tax increment over…