HomeMy WebLinkAbout160901
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• ORDINANCE NO. 16,090 •
AN ORDINANCE PROVIDING FOR THE LEVY OF A
ONE -HALF OF ONE PERCENT (0.5 %) SALES AND USE
TAX WITHIN THE CITY OF LITTLE ROCK, ARKANSAS;
AND PRESCRIBING OTHER MATTERS PERTAINING
THERETO.
334
WHEREAS, the Board of Directors of the City of Little
Rock, Arkansas (the "City") has determined that it is necessary
to increase the revenues of the City in order to adequately
address and provide necessary services for the citizens
including, but not limited to, increased police and fire
protection, meeting capital needs and renovation of the central
Library, the construction of a new museum, enhanced efforts to
revitalize neighborhoods and to rehabilitate residential rental
properties, and to adequately provide all other municipal
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 -half of one percent (0.5 %)
citywide sales and use tax;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. Under the authority of the Authorizing
Legislation, there is hereby levied a one -half of one percent
(0.5$) tax on the gross receipts from the sale at retail within
the City of all items which are subject to the Arkansas Gross
Receipts Tax 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 or other consumption within the city of tangible
personable property subject to the Arkansas Compensating Tax Act
of 1949, as amended (A.C.A. § 26 -53 -101, et seq.), at a rate of
one -half of one percent (0.5%) 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
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• • 335
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Tax shall be levied and collected only to a maximum tax of $25
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for each single transaction. The Sales and Use Tax shall be in
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addition to the proposed sales and use tax to retire capital
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improvement bonds.
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SECTION 2. ^Single transaction" is defined according to
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the nature of the goods purchases as follows:
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A. When two or more devices in which or by which any
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person or property is, or may be, transported or drawn,
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including, but not limited to, on -road vehicles, whether
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required to be licensed or not, off -road vehicles, farm
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vehicles, airplanes, water vessels, motor vehicles, or
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non - motorized vehicles, and mobile homes, are sold to a person
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by a seller, each individual unit, whether part of a °fleet°
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sale or not, shall be treated as a single transaction for the
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purpose of the Sales and Use Tax.
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B. The charges for utility services, which are
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subject to the Sales and Use Tax, and which are furnished on a
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continuous service basis, shall be computed in daily increments,
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and each such daily charge increment shall be considered to be a
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single transaction for the purposes of the Sales and Use Tax.
C. For sales of building materials and supplies to
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contractors, builders or other persons, a single transaction,
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for the purposes of the Sales and Use Tax, shall be deemed to be
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any single sale which is reflected on a single invoice, receipt
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or statement, on which an aggregate sales (or use) tax figure
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has been reported and remitted to the State of Arkansas.
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D. When two or more items of major household
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appliances, commercial appliances, major equipment and machinery
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are sold, each individual unit shall be treated as a single
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transaction for the purposes of the Sales and Use Tax.
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E. For groceries, drug items, dry goods and other
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tangible personal property and services not otherwise expressly
covered in this Section, a single transaction shall be deemed to
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be any single sale which is reflected on a single invoice,
receipt or statement, on which an aggregate sales tax figure has
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been reported and remitted to the State of Arkansas.
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SECTION 3. That all ordinances a• parts thereof in
conflict herewith are hereby repealed to the extent of such
conflict.
SECTION 4. That this Ordinance shall not take effect
until the special election called by Ordinance No. 16,061, as
amended, of the City is held at which a majority of the electors
voting on the question shall have approved the levy of the Sales
and Use Tax.
PASSED: August 20, 1991
ATTEST: APPR D:
R B IE , T CL ON E T, MAYOR
APPROVED AS TO FORM:
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