§ 13-97. Tax to finance roads, bridges, etc.

(a)

As authorized by A.C.A. tit. 26, ch. 75, subch. 2 [§ 26-75-201 et seq.], there is hereby levied a sales and use tax at the rate of one (1) percent on the receipts from the sale at retail within the city on all such items which are subject to taxation under the Arkansas Gross Receipts Act of 1941 [A.C.A. § 26-52-101 et seq.]. The proceeds from such tax are hereby designated for the uses of city roads, streets and bridges, and associated drainage.

(b)

The maximum local sales (gross receipts) and use tax on any single transaction shall be in the sum of twenty-five dollars ($25.00) and shall be determined and collected in accordance with the provisions of A.C.A. § 26-75-212.

(Ord. No. 72-85, §§ 1, 2, 8-13-85)

State law reference

Levy authorized, A.C.A. § 26-75-207; limitation on maximum tax, A.C.A. § 26-75-222.