HomeMy WebLinkAbout2000-01-03 • LEVYING SALES AND USE TAX
ORDINANCE NO. 2000-1-3
AN ORDINANCE PROVIDING FOR THE LEVY OF A ONE
PERCENT SALES AND USE TAX WITHIN THE CITY OF
BATESVILLE, ARKANSAS; AND PRESCRIBING OTHER
MATTERS PERTAINING THERETO.
WHEREAS, the City Council of the City of Batesville, Arkansas (the
"City"), has determined that there is a great need for immediate improvement of
municipal services and for a source of revenue to finance such services; and
WHEREAS, Title 26, Chapter 75, Subchapter 2 of the Arkansas Code
of 1987 Annotated (the "Authorizing Legislation") provides for the levy of a
one percent (1%) citywide sales and use tax;
NOW THEREFORE, BE IT ORDAINED by the City Council of the City of
Batesville, Arkansas:
Section 1. Under the authority of the Authorizing Legislation, there is
hereby levied a one percent (1%) tax on the gross receipts from the sale at retail
within the City of all items which are subject to the Arkansas Gross Receipts Act
of 1941, as amended (A.C.A. §26-52-101, et seq.), and the imposition of an
excise (or use) tax on the storage, use, distribution or other consumption within
the City of tangible personal property subject to the Arkansas Compensation Tax
Act of 1949, as amended (A.C.A. §26-53-101 , et seq.), at a rate of one percent
(1%) of the sale price of the property or, in the case of leases or rentals, of the
lease or rental price (collectively, the "Sales and Use Tax"). The Sales and Use
Tax shall be levied and collected only on the first $2,500 for each single
transaction.
Section 2. That all ordinances and parts thereof in conflict herewith are
hereby repealed to the extent of such conflict.
Section 3. That this Ordinance shall not take effect until an election is
held on the question of levying the Sales and Use Tax at which a majority of the
electors voting on the question shall have approved the levy of the Sales and
Use Tax.
PASSED this 25th day of January, 2000.
ATTEST: APPROVED:
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Denise M. Johnston, 6ty Clerk oe M. Biard, Mayor
(SEAL)