§ 2.36.07. Sales tax for fire department.

Under the authority of the authorizing legislation, there is hereby levied a 0.375 percent tax on the gross receipts from the sale at retail within the city of all items which are subject to the Arkansas Gross Receipts 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, distribution or other consumption within the city of tangible personal property subject to the Arkansas Compensating Tax Act of 1949, as amended (A.C.A. § 26-53-101, et seq.), at a rate of 0.375 percent 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 tax shall be levied, and the net collections received after the state deducts its administrative charges (the "net collections") shall be used solely for one or more of the following:

A.

To operate and maintain the fire department;

B.

To acquire apparatus and equipment for the fire department;

C.

To acquire, construct, improve, expand, equipment furnish fire department facilities; and

D.

To pay and secure the repayment of fire department bonds.

The sales and use tax shall be levied and collected on the gross receipts, gross proceeds or sales price from each single transaction in the maximum amount allowed from time to time under state law.

( Ord. No. 2006-18, § 1 )