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NRC Equity :
<br /> 8.O STATE AND LOCAL TAX IMPACTS
<br /> This summary table shows the tax impacts from NRCEF's initial investment and revenue-
<br /> generating activities on San Joaquin County; and, shows the tax impact from anticipated
<br /> tenant revenue.
<br /> TOTALRENENUE CATEGORY •
<br /> ONE ONE YEARS
<br /> NRCEF TOTAL NRCEF/TENANTS
<br /> Cultivation Tax $9.2-5 $4,884,000 $19,536,000 $4,232,800 $16,931,200
<br /> San Joaquin Sales Tax 7.75% $3,861,825 $15,447,300 $3,346,915 $13,387,660
<br /> State Marijuana Tax 15% $7,474,500 $29,898,000 $3,451,500 $13,806,000
<br /> SJC Community Tax Use Tax $996,600 $4,107,595
<br /> ESTIMATED TOTAL CONTRIBUTION $17,216,925 $68,988,895 $11,031,215 $44,124,860
<br /> NRCEF cultivation activities will result in a year one tax accrual of $4,884,000; and, a
<br /> $19,536,000 accrual over four years. Likewise, tenant cultivation activities are expected to
<br /> yield $4,232,800 in year one; and, a $16,931,000 accrual over four years. The 7.75% State
<br /> and local sales tax on year one NRCEF sales will result in an accrual of $3,861,825; and,
<br /> over four years will result in a $15,447,300 accrual. Likewise, the 7.75% tax on State and
<br /> local tenant cultivation activities is expected to yield $3,346,915 in year one; and,
<br /> $13,387,660 over four years. The 15% tax on NRCEF year one sales will result in a
<br /> $7,474,500 accrual; and, over four years the tax will result in a $29,898,000 accrual. The
<br /> 15% tax on tenant year one sales will result in a $3,451,500 accrual; and, over four years
<br /> the tax will result in a $13,806,000 accrual. NRCEF's Community Special Project Tax
<br /> contribution is estimated at $996,000 in year one with a $4,107,595 accrual by year four.
<br /> (Left Intentionally Blank)
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