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R-13-08-08-G12 - 8/8/2013RESOLUTION NO. R -13-08-08-G12 WHEREAS, the City of Round Rock ("City") has received $9,041,207.80 in local taxes in error from the Texas Comptroller of Public Accounts ("Comptroller's Office"); and WHEREAS, the City has requested a four-year payout arrangement to repay the excess taxes to the Comptroller's Office; and WHEREAS, the Comptroller's Office has reviewed and approved the City's payout arrangement; and WHEREAS, the City Council wishes to approve the payment schedule as outlined in the attached letter from the Comptroller's Office, 25% of which to be repaid from the Round Rock Transportation and Economic Development Corporation and 75% of which to be repaid from the City's General and Self -financed construction funds, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the payment schedule as outlined in the attached letter from the Texas Comptroller of Public Accounts, a copy of which is attached hereto as Exhibit "A" and incorporated herein for all purposes, is hereby approved. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 8th day of August, 2013. ALAN MCGRAW, Mayor ATTEST: City of Round Rock, Texas 1 i afriAL SARA L. WHITE, City Clerk 0112.1304; 00279080 June 4, 2013 RV J� TEXAS COMPTROLLER Of PUBLIC ACCOUN iS JUN 122013 P.O.Box 13528 • AUSTIN, TX 78711-3528 BY: Mr. Steve Norwood City Manager City of Round Rock 231 East Main Street Round Rock, TX 78664 Dear Mr. Norwood: I am writing to inform you that your request for a four-year payout arrangement for the $9,041,207.80 in local taxes paid to the City of Round Rock in error has been reviewed and approved. The City of Round Rock will make payments by check directly to the Comptroller's Office as shown on the following schedule beginning in September 2013. September 2013 . $2,260,301.95 September 2014 . $2,260,301.95 September 2015 . $2,260,301.95 September 2016 $2,260,301.95 Please mail the payments to my attention at: State Comptroller's Office, P 0 Box 13528 Austin, Texas, 78711-3528. If you have any questions or need additional information, I can be reached at (512) 475-0550 or my email address is shirley.kaatz@cpa.state.tx.us. Sincerely, Shirley Kaatz Revenue Accounting Division Tax Allocation Section cc: Cheryl Delaney Finance Director EXHIBIT nAa ROUND ROCK, TEXAS IPURPOSE RASION PROSPERITY City of Round Rock Agenda Item Summary Agenda Number: G.12 Title: Consider a resolution approving the four-year payout arrangement with the Texas Comptroller of Public Accounts. Type: Resolution Governing Body: City Council Agenda Date: 8/8/2013 Dept Director: Cheryl Delaney, Finance Director Cost: $9,041,207.80 Indexes: Attachments: Resolution, Exhibit A Text of Legislative File 13-583 In January 2013 the City was notified about a sales and use tax audit initiated and conducted by the Texas Comptroller of Public Accounts (Comptroller). The audit resulted in Dell paying tax on transactions that were not taxable in Texas. In March 2013, the State issued a refund directly to Dell in the amount of $38.3M. This refund included both the state and local portion of the sales and use tax paid. The local portion was $9.2M, which was paid to Round Rock over several years. In the State of Texas, the tax liability lies with the purchaser. This means that the purchaser (Dell), not the seller, is ultimately responsible for paying the sales and use tax to the Comptroller. Therefore, the Comptroller paid the refund amount directly back to Dell and not the various sellers. The State requested the City provide a written proposal for repayment. The City will pay $2,260,301.95 annually over a four year period starting September 2013. Funding will be paid out of reserves from the General Fund, Self Financed Construction and Type B Corporation. This resolution will approve the four-year payout arrangement with the Comptroller's office. Cost: $9,041,207.80 Staff recommends approval City of Round Rock Page 1 Printed on 8/5/2013