HomeMy WebLinkAbout1988-07-02 R
ORDINANCE NO. ,
AN ORDINANCE PROVIDING FOR THE LEVY OF A LOCAL SALES AND USE
TAX AT THE RATE OF ONE PERCENT (1%) ON RECEIPTS FROM RETAIL SALES
WITHIN THE CITY OF BATESVILLE, ARKANSAS; PROVIDING FOR A SPECIAL
ELECTION ON SEPTEMBER 61 1988; PROVIDING THE EMERGENCY CLAUSE
AND FOR OTHER PURPOSES .
WHEREAS, there is a great need for immediate improvement of
municipal services and a stable source of revenue to finance such
vital local government services, and
WHEREAS, Act 25 of 1st Extraordinary Session of 1981 , as
amended by Acts 726 and 802 of 1983, provides for the local
option of adoption of a city-wide sales and use tax .
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF BATESVILLE, ARKANSAS :
Section 1. Levy of Sales and Use Tax. As authorized by Act
25 of 1st Extraordinary Session of 1981, as amended by Acts 726
and 802 of 1983, there is hereby levied a sales and use tax at
the rate of one percent (1%) on the receipts from the sale at
retail within the city of Batesville, Arkansas , on all such items
which are subject to taxation under the Arkansas Gross Receipts
Tax Act , Act 386 of 1941 of the Acts of Arkansas, as amended
subject to a maximum of $25 for a single transaction.
Section 2. Special Election. Said question of the levy of
a sales and use tax as provided in Section 1 hereof shall be
submitted to a vote of the citizens of Batesville, Arkansas, by
special election to be held on September 6, 1988 .
Section 3. Emergency Clause. That the City Council for the
City of Batesville , Arkansas , has determined that there is a
great need to establish a stable source of revenue to finance
vital municipal services, and this Ordinance being necessary for
the preservation of the health , safety and welfare of the
I citizens of Batesville, Arkansas, shall become law immediately
upon its passage, approval and publication.
Passed and approved this '.�. . _ day of . . . . . . . ,
r
1988.
APPROVED:
JHOfRAB;LE JIM SHIRRELL
ATTEST:
LARRY WIL IAMS
CITY CLERK