The Lima Arizona Tax Sharing Agreement is a legal agreement between Pima County and the towns or cities within the county that outlines the sharing and distribution of tax revenues collected within the region. This agreement is specifically designed to ensure that tax revenues, generated from various sources such as sales tax, property tax, and tourism tax, are fairly distributed among the municipalities based on their needs and contributions. One type of Lima Arizona Tax Sharing Agreement is the Sales Tax Sharing Agreement. This agreement focuses on the sharing of revenues generated from the sales tax collected within the county. It enables municipalities in Pima County to receive a portion of the sales tax revenues collected in their jurisdictions, even if the transaction occurred in a different town or city. This ensures that all municipalities benefit from the economic activities taking place across the county. Another type of Lima Arizona Tax Sharing Agreement is the Property Tax Sharing Agreement. This agreement allows the equitable distribution of property tax revenues collected within the county. It ensures that municipalities receive a fair share of property tax revenues, taking into consideration factors such as assessed property values and the level of services provided by each municipality. The Tourism Tax Sharing Agreement is yet another type of Lima Arizona Tax Sharing Agreement. This agreement focuses on the distribution of tax revenues generated from tourism-related activities within the county. As Pima County attracts tourists, it is important to ensure that the tax revenues generated from these activities benefit all municipalities. This agreement ensures that the tax revenues are shared among the towns and cities in a way that reflects their contributions to the overall tourism industry. In summary, the Lima Arizona Tax Sharing Agreement is a comprehensive agreement that governs the fair sharing and distribution of tax revenues among municipalities within Pima County. It includes various types of agreements, such as the Sales Tax Sharing Agreement, Property Tax Sharing Agreement, and Tourism Tax Sharing Agreement, all aimed at ensuring that all communities benefit from the economic activities and taxes generated within the county.