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HomeMy WebLinkAbout7164.F vti` r ORDINANCE NO. 17 64. .j, s AN ORDINANCE REPEALING ORDINANCE NO. 5759 OF T� ORDINANCES OF THE CITY OF LITTLE ROCK, ARKANSAS; AMENDING ORD NANCE NO. 7159 OF THE ORDINANCES OF THE CITY OF LITTLE ROCK, ARKANSAS; INCREASING CERTAIN PRIVILEGE AND OCCUPATION TAXES IN THE CITE OF LITTLE ROCK, ARKANSAS; DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES. WHEREAS, The City Council of the City of Little Rock has ascertained that additional revenues for the operation of the City government are necessary; and WHEREAS, because of the - existing State laws, the City Council is limited in the type and amount of tax which it can assess against the citizens of Little Rock in order to raise revenue to carry on municipal functions; and WHEREAS, the City Council desires that a budget for the year 1947 be adopted in order that the citizens of the City of Little Rock may be informed in advance of'the proposed expenditures by the City government; and WHEREAS, an emergency exists at the present time because of the increase in salaries of all City employees and the insufficiency of present taxes to raise the necessary revenues for the payment of salaries and City governmental functions during the calendar year 1947; and WHEREAS, it is the intention and purpose of the City Council generally to raise existing privilege and occupation taxes and license fees fifty (50/) percent for the year 1947, over the amounts collected by such taxes and fees in 1946; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS. Section 1, Ordinance No. 5759 is hereby repealed, and Section One of Ordinance No, 7159 of the Ordinances of the City of Little Rock, Arkansas, is hereby amended to read as follows; 1 N6.2 .P a "From and after the effective date of this Ordinance, any person, firm, or corporation engaged in the business, within the City of Little Rock, Arkansas, of selling any or all kinds of goods, wares, and /or merchandise, whether raw materials or finished products, or both, from a regularly established place of business maintained in the City of Little Rock, shall pay an annual privilege tax for the privilege of doing business within the City of Little Rock, in accordance with the following graduated brackets: WHERE STOCK AVERAGES: 1. From $1.00 to $50,000.00 - one and one - half percent (1-21-%); 2. y$50,000.00, but not exceeding $100,000.00 one percent (1/); 3. $1009000.00, but not exceeding $200,000.00 - one- fourth of one percent (1 /4th of 1 %); 4. $200000o.00 and over - one -tenth of one percent (1 /10th of 1%) ." Section 2. The privilege tax herein provided for shall be due and payable on a semi - annual basis. The semi - annual install- ments shall be due and payable not later than January I* and July 1, of each year. Section 3. Said payments shall be made to the City Collector of the City of Little Rock, and it shall be the duty of the City Collector to prepare and furnish forms to all persons, firms, and corporations who are liable for the license fee, prior to the day upon which the license fee is due. Said persons, firms, and corporations shall then return said forms, together with payment for the proper amount of tax, to the City Collector. After determining that the amount of the license fee tendered is correct, the City Collector shall issue a license and return it to the person, firm, or corporation paying the tax. The license herein provided 2 for shall not be transferrable. Section 4. The City Collector or his duly authorized Deputy shall have the right to check and audit the stocks of any persons, firms, and /or corporations subject to this license fee at any reasonable time. Section 5. The City Collector shall affix penalties for the failure to pay the license fee herein due as follows: 1. Five per cent (5%) of the amount due when the payment is made within thirty (30) days past the due date of the license fee. 2. Ten per cent (10%) of the amount due when the payment is made within sixty (60) days past the due date of the license fee. 31 Fifteen per cent (15,%) of the amount due when the payment is made within ninety (90) days past the due date of the license fee. Section 6. Any person, firm, or corporation doing business in the City of Little Rock without the payment of the license fee hereinabove provided and without having been issued a license to transact its business shall be deemed guilty of a misdemeanor and upon conviction in the Little Rock Municipal Court shall be subject to a fine of not less than Five Dollars ($'5.00) nor more than Five Hundred Dollars ($500.00), and each day that such person, firm, or corporation operates in violation hereof shall constitute a separate offense. Section 7, All Ordinances or parts of Ordinances in conflict herewith are hereby repealed. Section S. This Ordinance shall be in full force and effect in accordance with its terms, for the year 1947, as, of, and after January 1, 1947. Section 9. WHEREAS, it is necessary for the City of Little Rock to obtain more revenue from privilege taxes in order to carry on necessary governmental functions, and such increase should be 3 4 I , i I n effective immediately in order to promote a fair schedule of pay- ments by all persons affected by the Ordinance, THEREFORE, an emergency is hereby declared to exist, and this Ordinance is found to be necessary for the immediate preservation of the public peace, health, and safety, and the same shall be in full force and effect from and after its passage and approval, and publication as provided by law. PASSED: December 9 , 1g�+6• ATTEW--..L'0tj CITY CLERK n ey APPROVED: