Laserfiche WebLink
• LEVYING SALES AND USE TAX <br /> ORDINANCE NO. 2000-1-3 <br /> AN ORDINANCE PROVIDING FOR THE LEVY OF A ONE <br /> PERCENT SALES AND USE TAX WITHIN THE CITY OF <br /> BATESVILLE, ARKANSAS; AND PRESCRIBING OTHER <br /> MATTERS PERTAINING THERETO. <br /> WHEREAS, the City Council of the City of Batesville, Arkansas (the <br /> "City"), has determined that there is a great need for immediate improvement of <br /> municipal services and for a source of revenue to finance such services; and <br /> WHEREAS, Title 26, Chapter 75, Subchapter 2 of the Arkansas Code <br /> of 1987 Annotated (the "Authorizing Legislation") provides for the levy of a <br /> one percent (1%) citywide sales and use tax; <br /> NOW THEREFORE, BE IT ORDAINED by the City Council of the City of <br /> Batesville, Arkansas: <br /> Section 1. Under the authority of the Authorizing Legislation, there is <br /> hereby levied a one percent (1%) tax on the gross receipts from the sale at retail <br /> within the City of all items which are subject to the Arkansas Gross Receipts Act <br /> of 1941, as amended (A.C.A. §26-52-101, et seq.), and the imposition of an <br /> excise (or use) tax on the storage, use, distribution or other consumption within <br /> the City of tangible personal property subject to the Arkansas Compensation Tax <br /> Act of 1949, as amended (A.C.A. §26-53-101 , et seq.), at a rate of one percent <br /> (1%) of the sale price of the property or, in the case of leases or rentals, of the <br /> lease or rental price (collectively, the "Sales and Use Tax"). The Sales and Use <br /> Tax shall be levied and collected only on the first $2,500 for each single <br /> transaction. <br /> Section 2. That all ordinances and parts thereof in conflict herewith are <br /> hereby repealed to the extent of such conflict. <br /> Section 3. That this Ordinance shall not take effect until an election is <br /> held on the question of levying the Sales and Use Tax at which a majority of the <br /> electors voting on the question shall have approved the levy of the Sales and <br /> Use Tax. <br /> PASSED this 25th day of January, 2000. <br /> ATTEST: APPROVED: <br /> �vim• <br /> Denise M. Johnston, 6ty Clerk oe M. Biard, Mayor <br /> (SEAL) <br />