Elk Valley Public Improvement Corporation
Public Improvement Fee (PIF)
Colorado Mills, Denver West Village, The Promenade at Denver West, and The Shoppes at Denver West
The Public Improvement Fee (PIF) is collected and used to finance a portion of the cost of public improvements, such as public roads, regional storm management, and sanitary sewer systems. The PIF is 1.4% on all sales and service transactions.
The PIF is a fee and NOT a tax; therefore, it becomes part of the overall cost of the sale and is subject to sales tax. The assessed PIF rate may vary by area, therefore review your lease, or contact the leasing manager for verification of your assigned rate.
Computation of PIF
Receipt Example
POINT OF SALE TRANSACTION RECEIPT
1 Clothing $25.00
1 Shoes $75.00
Subtotal 1 $100.00
PIF* 1.4% $1.40 Taxable Subtotal* $101.40
Sales Tax 7.5% $7.60
Transaction Total ** $109.00
*A Public Improvement Fee (PIF) has been added to the transaction.
**Sales tax rates may differ between jurisdictions, as such, the applicability of tax and tax rate may change or differ from the example below. For guidance on tax applicability, please contact the City of Lakewood.
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