Despite COVID19 2020 Was a Record Year for Taxable Spending in Cape Girardeau County Evan though there was economic turmoil all over the country because of the coronavirus pandemic consumers spent over $1.5 billion on taxable goods in Cape Girardeau County in 2020. County officials received their twelfth and final monthly 2020 sales-tax payment from members of the Missouri Department of Revenue last week and it added to a record-setting total for 2020. Cape Girardeau County’s half-cent sales tax added on a total of $717,564.02 to the county treasury this month. This total constituted an increase of 12.32% increase over the total sales-tax the county received in December of last year. This year, Cape County’s sales tax brought about a record total of $7,791,131.24. This total was $414,742.18 more than the old record of $7,376,389.06 which was set last year. Recently, the county’s sales-tax revenue has gone up on a yearly basis , but typically by less than 0.4%, except three years ago when Cape Girardeau County received nearly .9% more in sales-tax receipts than it did the previous year. Cape Girardeau County’s half sent Proposition One tax brought forth just over $7.8 million for this year county officials say. This total is about $400,000 more than the total for last year and it constituted the largest single year increase for the Proposition One tax fund in over ten years. Cape Girardeau County’s recently acquired half-cent law enforcement sales tax, that businesses started collecting in October brought forth a total of $574,841.22 as of last week. By adding a law enforcement sales tax, Cape Girardeau County’s use tax, which is a tax on out-of-state purchases and internet sales, from one percent to one and a half percent, which is equivalent of the Proposition One tax and law enforcement tax rates. This year the county’s use-tax revenue was somewhat above 1.8 million and the exact total was $1,801,717.30 and it was 38.9% more than the total for last year of $1,297,196.93. The climb is due to increased internet sales during the coronavirus out break. Ever since the used tax became effective five years ago it has brought forth a total of $7,768,121.02.

 

Evan though there was economic turmoil all over the country because of the coronavirus pandemic consumers spent over $1.5 billion on taxable goods in Cape Girardeau County in 2020. County officials received their twelfth and final monthly 2020 sales-tax payment from members of the Missouri Department of Revenue last week and it added to a record-setting total for 2020. Cape Girardeau County’s half-cent sales tax added on a total of $717,564.02 to the county treasury this month. This total constituted an increase of 12.32% increase over the total sales-tax the county received in December of last year. This year, Cape County’s sales tax brought about a record total of $7,791,131.24.  This total was $414,742.18 more than the old record of $7,376,389.06 which was set last year. Recently, the county’s sales-tax revenue has gone up on a yearly basis , but typically by less than 0.4%, except three years ago when Cape Girardeau County received nearly .9% more in sales-tax receipts than it did the previous year. Cape Girardeau County’s half sent Proposition One tax brought forth just over   $7.8 million for this year county officials say. This total is about $400,000 more than the total for last year and it constituted the largest single year increase for the Proposition One tax fund in over ten years. Cape Girardeau County’s recently acquired half-cent law enforcement sales tax, that businesses started collecting in October brought forth a total of $574,841.22 as of last week. By adding a law enforcement sales tax, Cape Girardeau County’s use tax, which is a tax on out-of-state purchases and internet sales, from one percent to one and a half percent, which is equivalent of the Proposition One tax and law enforcement tax rates. This year the county’s use-tax revenue was somewhat above 1.8 million and the exact total was $1,801,717.30 and it was 38.9% more than the total for last year of $1,297,196.93. The climb is due to increased internet sales during the coronavirus out break. Ever since the used tax   became effective five years ago it has brought forth a total of $7,768,121.02.

 

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