188410 0
I ORDINANCE NO. 18,841
2
3 AN ORDINANCE TO AMEND CHAPTER 17 OF THE LITTLE
4 ROCK CODE, 1988 TO INCREASE BUSINESS LICENSE FEES
5 FOR THOSE COMPANIES RENTING OR LEASING AUTOS
6 AND /OR TRUCKS; TO
DEDICATE REVENUES FOR
THE
7 PAYMENT OF BOND
ISSUE DEBT SERVICE
AND
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OPERATION OF THE RIVER MARKET PARKING
GARAGE /DECK; AND FOR OTHER PURPOSES.
WHEREAS, the construction of a parking garage /deck is desirable for the River
Market area of the City of Little Rock to meet parking needs of that area, and
WHEREAS, additional revenue is needed in order to provide funding for bond
issue debt service and operations of the above parking garage /deck located at 2nd and
Commerce Streets, and
WHEREAS, a substantial number of rental autos and trucks will be utilized for
transportation to and from the River Market area of Little Rock.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. Section 14 -52 of the Little Rock City Code, 1988, Schedule of License
Taxes, is hereby amended as follows:
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[PAGE 1 OF 31
To =n d Code to Inaease business license fees
for renting or leasing aut a and /or trucks
Class
Description
2004 and 2005
2006
2007
2008
031.0
AUTOMOBILE AND TRUCK DEALERS, NEW
$200.00 Plus
$200.00 Plus
$200.00 Plus
$200.00 Plus
NOTE: Where the average cost of items included n a dealers
0.24% Stock
0.24% Stock
0.24% Stock
0.24% Stock
inventory equals or exceeds $4,000.00; computation of the tax
will include units below the average at actual cost; and those
above it, at the average unit cost A separate average
computation must be made for every classification of cars and
trucks, new and used.
Plus additional services:
a. Automobile and truck dealers, used
$200.00 Plus
$200.00 Plus
$200.00 Plus
$200.00 Plus
0.24% Stock
0.24% Stock
0.24% Stock
0.24% Stock
b. Automobiles and trucks
$135.00 plus
$135.00 plus
$135.00 plus
$135.00 plus
1. Rentalll-ease
$31.75 per vehicle
$44.25 per vehicle
$56.75 pff vehicle
$69.25 per vehicle
c. Wrecker service
$35.00 per wrecker
$35.00 per wrecker
$35.00 per wrecker
$35.00 per wreckel
032.0
AUTOMOBILE AND TRUCK DEALERS, USED
Note: The value of the stock reported would be no less
than the value shown in the wholesale blue book.
$200.00 Plus
$200.00 Plus
$200.00 Plus
$200.00 Plus
Plus Additional Services:
0.24% Stock
0.24% Stock
1 0.24% Stock
0,24% Stock
$200.00 Plus
$200.00 Plus
$200.00 Plus
$200.00 Plus
a. Automobile and Truck Sales, new
0.24% Stock
0.24% Stock
0.24% Stock
0.24% Stock
$135.00 plus
$135.00 plus
$135.00 plus
$135.00 plus
b. RentaVLease
$31.75 er vehicle
$44.25 er vehicle
$56.75 per vehicle
$69.25 per vehicle
c. Wrecker Service
$35.00 per wrecker
$35.00 per wrecker
$35.00 er wrecker
$35.00 per wreckel
033.0
AUTOMOBILES AND TRUCKS:
$135.00 plus
$135.00 plus
$135.00 plus
$135.00 plus
a. RentaVlease
$31.75 per vehicle
$44.25 per vehicle
$56.75 per vehicle
$69.25 er vehicle
b. Automobile sales
$200.00 Plus
$200.00 Plus
$200.00 Plus
$200.00 Plus
0.24% Stock
0.24% Stock
0.24% Stock
0.24 %Stock
2 Section 2. All business license fees including base fees received from the rental and /or
3 leasing of automobiles and trucks [classifications (31); (32); (33); section 17 -52 schedule
4 of license taxes shall be applied to the payment of bond issue debt service utilized in the
5 building of a parking garage /deck located in the River Market area of Little Rock at 2nd
6 and Commerce Streets. Any excess fees after payment of debt service shall be used for
7 operation of the above parking garage /deck.
8 Section 3. Severabiliry. In the event any portion of this ordinance is declared or
9 adjudged to be invalid or unconstitutional, such declaration or adjudication shall not
10 affect the remaining portions of this ordinance, which shall remain in full force and
11 effect as if the portion so declared or adjudged invalid or unconstitutional was not
12 originally a part of this ordinance.
[PAGE 2 OF 41
To amend Code to Inerease business license lees
for renting or leasing autos and /or trucks
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1 Section 4. Repealer. All ordinances and resolutions, and parts thereof, which
2 are in conflict with any provision of this ordinance are hereby repealed to the extent of
3 such conflict.
4 PASSED: March 18, 2003
5 ATTEST: APPROVED:
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8 Nan (y Wood, pity Clerk J Dailey, Mayor
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10 APPROVED AS TO LEGAL FORM:
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12 �-
13 Thomas M. Carpenter, City ttorney
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[PAGE 3 OF 3]
To amend Code b Increase business license fees
for renbng w leasing auras and /or w&k