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The original item was published from 2/2/2015 5:25:37 PM to 2/22/2015 12:05:01 AM.

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Sales Tax Reports

Posted on: February 2, 2015

[ARCHIVED] December 2014 Preliminary Sales Tax Report

The City of Steamboat has published the preliminary December 2014 Sales, Use, and Accommodation Tax Report. (See the Full Report.)

The City of Steamboat has published the preliminary December 2014 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ December sales taxes are 4.20% more than the December 2013 collections, a difference of $105,114.

Notable categorical increases were 16.04% in lodging and amenities and 11.63% in sporting goods, 11.41% in restaurants and 10.31% in liquor stores. Collections by area showed increases of 17.13% for the Mountain area, 10.71% for the West Steamboat area, and 7.73% for the Downtown area over December 2013.

Year to date sales tax collection is showing a positive trend at 8.25% more than year to date through December 2013.

Accommodation Tax, with the passing of referendum 2A, is now primarily dedicated to local trail projects and Yampa Street improvements. Additionally, a small amount is dedicated towards the marketing of these projects and capital improvements at Haymaker. December collections saw an increase of 16.48%, or $19,447, more than December 2013. Year to date accommodation tax is 15.15% more than year to date last year.

The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw an increase of 4.29% over December 2013. This tax began January 1, 2012 and is held separately from the City of Steamboat Springs sales tax. Year to date, the Air Service Sales Tax is 8.34% more than year to date through the same period last year.

Building Use Tax is used to fund capital projects for the City of Steamboat Springs. This tax fluctuates depending on building permits issued, use tax audits completed, and the size and number of developments in the City. December 2014 showed an increase of $6,359 from December 2013. Year to date collections are 88% over the same period last year.

For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.

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