State Tax

This intergovernmental agreement between the State of Arizona and the City of Cottonwood is for the administration and collection of municipal taxes. The agreement outlines the responsibilities of both parties, including the collection of taxes, audits, and refunds. The agreement also establishes a process for resolving disputes and terminating the agreement. Key aspects of the agreement include the use of a standard audit life cycle process map, the provision of training for auditors, and the requirement for the City to provide information to the Department. The agreement also includes provisions for the suspension of information, the use of confidential information, and the resolution of disputes. Some of the key points of the agreement include: * The Department shall administer the audit functions with the City in accordance with the standard audit life cycle process map. * The City shall provide the Department with a copy of its municipal tax code or any city ordinances imposing the taxes to be collected. * The Department shall collect any municipal tax imposed by the City and recorded on the Department's tax accounting system. * The Department shall remit to the City all amounts collected for municipal taxes, penalties, and interest. * The agreement may be terminated by either party with written notice at least 60 days prior to the expiration of the term.