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HomeMy WebLinkAbout165151 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 NO. 16,515 • AN ORDINANCE TO MARE TECHNICAL AMENDMENTS TO LITTLE ROCK, ARK., ORDINANCE NO. 16,496 (SEPTEMBER 29, 1993) WHICH LEVIES A ONE -HALF PERCENT (1/2 %) SALES TAX PURSUANT TO ARK. CODE ANN. SS 26 -75 -201 ET SEQ AND SETS AN ELECTION TO VOTE ON THE ISSUE FOR DECEMBER 14, 1993; DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES. 617 WHEREAS, the Board of Directors of the City of Little Rock, Arkansas, adopted Little Rock, Ark., Ordinance No. 16,496 (September 29, 1993) ( "LRO ") which levied a sales tax a city of the first class; and WHEREAS, the Board of Directors of the City has determined that it would be in the best interests of the City to increase police and fire protection throughout the City and to meet other municipal needs; and WHEREAS, it is deemed in the best interests of the City to make certain technical corrections to LRO 16,496. N NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. Little Rock, Ark., Ordinance No. 16,496 (September 29, 1993) is hereby amended to add the following Section. This municipal one -half percent (1/2%) sales and use tax shall be levied and collected only on the first two thousand five hundred dollars ($2,500), or the statutory limit set by the General Assembly, whichever is greater, of gross receipts, gross proceeds or sales price from each single transaction as provided in Ark. Code Ann. S 26 -75 -222 as amended by Act 1014 of 1993. SECTION 2. The amendments in this ordinance are of a technical nature, but since the tax is being voted upon on December 14, 1993, and since this ordinance deals with that election an emergency is declared to exist and this ordinance 068 FL 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 shall be in full force and effect from and after the date of its adoption. PASSED: October 19, 1993 CITY CLERK APPROVED AS TO FORA: •- � THOMAS i. :7. E •.j' ATTORNEY CITY APPROVED: 4 I � / D417LEY MAYORL/ NOTE: One -half percent (1/2 %) sales tax was approved at Special Election held December 14, 1993.