In the business information section, enter the FEIN for the developer or consulting firm in the account ID field if the business does not have a sales tax account ID. In the business name field, enter the name of the developer or consulting firm. Then, under location address(es), enter the business address within your local government from which rebated sales are made. For example, the location address may be the developer’s address at the development, such as the mall office.
In section (I) under the terms of the agreement, describe the formula used to distribute the rebate of sales tax for each year of the agreement. For example, 50 percent of the retailers’ occupation taxes generated by tenants of the development (shopping mall) will be paid to the developer for each year of the agreement until a total aggregate of $1,500,000.00 is paid, or 10 years, whichever comes first.
In section (II) under the terms of the agreement, enter the beginning and ending dates for the rebate sharing agreement. Note: If there is a distribution limit on the amount to be rebated which would end the agreement prior to the ending date entered in section (II), specify the limit in section (I).
In section (III) under the terms of the agreement, list the name of each additional party to the agreement and each business which directly or indirectly receives a share, refund, or rebate of the retailers’ occupation tax.
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