The Clark Nevada Tax Sharing and Disaffiliation Agreement is a legal contractual agreement that outlines the terms and conditions for the sharing of tax revenues and the disaffiliation process in Clark County, Nevada. This agreement is primarily designed to regulate the distribution of tax revenues between local municipalities within the county and establish a framework for the disaffiliation of cities or towns from the county's tax base. Under this agreement, multiple types may exist to cater to the specific needs and circumstances of different municipalities. These types include: 1. Municipal Tax Sharing Agreement: This type of agreement governs the sharing of tax revenues generated within a specific municipality among all relevant entities, such as the county and neighboring towns or cities. It establishes the proportionate allocation of tax revenues to ensure a fair distribution. 2. County-wide Tax Sharing Agreement: This agreement encompasses the entire Clark County and allows for the sharing of tax revenues generated across all cities, towns, and unincorporated areas within the county. The purpose is to foster cooperation and equitable distribution of tax proceeds throughout the region. 3. Disaffiliation Agreement: This agreement addresses the process through which a city or town can separate from the tax sharing arrangement and operate autonomously. It outlines the legal requirements, procedures, and potential financial implications for the disaffiliating municipality as well as the remaining entities involved in the tax sharing agreement. 4. Special District Tax Sharing Agreement: In some cases, special districts established for specific purposes, such as transportation, education, or public safety, may enter into tax sharing agreements with local municipalities to allocate tax revenues for the benefit of these districts. This type of agreement ensures effective coordination and resource sharing among participating entities. Overall, the Clark Nevada Tax Sharing and Disaffiliation Agreement serves as a vital tool for municipalities within the county to manage tax revenues in an equitable and cooperative manner. These agreements aim to foster economic growth, enhance regional development, and provide a clear framework for both tax sharing and the disaffiliation process if necessary.