Examples of Income tax collections in a sentence
Income tax collections are processed by the Regional Income Tax Agency (RITA).
Income tax collections net of collection expenses and refunds are first applied to District operating expenses in accordance with the District’s Budget, then to any long-term maintenance set aside, with any surplus to be paid to Hamilton and Fairfield Township according to contractual percentages.
Income tax collections for fiscal 2005 were budgeted at $319 million, a 6.2% increase over the prior fiscal year.
Income tax collections for fiscal 2004 were budgeted at $300.4 million, representing a 7.1% decrease from the prior year, reflecting once again the economic challenges in the City’s and State’s economies, as well as the 0.1% reduction in the income tax rate.
Income tax collections for fiscal 2006 were budgeted at $275.1 million, an 11.5% decrease from the prior fiscal year.
Income tax collections for 2015 and prior years received 60 days after year-end have been recognized as revenue in 2015.
Income tax collections for both central and local government increased over budget projections by 11%.
Income tax collections for 2019 and prior years received 60 days after year-end have been recognized as revenue in 2019.
Income tax collections for fiscal 2007 are budgeted at $271.4 million, a $3.6 million decrease from the amount budgeted budgeted for fiscal 2006 and a decrease of $2.1 million from estimated fiscal 2006 income tax receipts.
This steep decline cannot be fully explained by the economic decline in the West Bank and its causes are not fully understood.10 Income tax collections dropped by about 1 percent probably as a result of a slowdown in economic activity in the West Bank where the economy is thought to have contracted in Q1 2015 due to the liquidity squeeze brought about by the withholding of clearance revenues.