ORD NO 08-1988 CITY OF VAN BUREN, ARKANSAS
ORDINANCE NO. J -1988
AN ORDINANCE PROVIDING FOR THE LEVY OF A LOCAL SALES AND USE TAX AT THE
RATE OF ONE PERCENT (1%) ON RECEPITS FROM RETAIL SALES WITHIN THE CITY
OF VAN BUREN, ARKANSAS, PROVIDING FOR A SPECIAL ELECTION ON MAY 3, 1988,
PROVIDING THE EMERGENCY CLAUSE AND FOR OTHER PURPOSES.
WHEREAS, There is a great need for immediate improvement of
municipal services and a stable source of revenue to
finance such vital local government services; and
WHEREAS, Act 25 of 1st Extraordinary Session of 1981, as
amended by Acts 726 and 802 of 1983, provides for the
local option of adoption of a city -wide sales and use
tax:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
VAN BUREN, ARKANSAS:
THAT, Section 1: Levy of Sales and Use Tax. As authorized
by Act 25 of 1st Extraordinary Session of 1981, as
amended by Acts 726 and 802 of 1983, there is hereby
levied a sales and use tax at the rate of one percent
(1 on the receipts from the sale at retail within
the City of Van Buren, Arkansas, on all such items
which are subject to taxation under the Arkansas Gross
Receipts Tax Act, Act 386 of 1941 of the Acts of Ark-
ansas, as amended, subject to a maximum of $25.00 for
a single transaction.
Section 2: Special Election. Said Question of the
levy of a sales and use tax as provided in Section 1
hereof shall be submitted to a vote of the citizens
of Van Buren, Arkansas, by special election to be held
on May 3, 1988.
Section 3: Emergency Clause. That the City Council
for the City of Van Buren, Arkansas, has determined
that there is a great need to establish a stable source
of revenue to finance vital municipal services, and
this Ordinance being necessary for the preservation of
the health, safety, and welfare of the citizens of Van
Buren, Arkansas, shall become law immediately upon its
passage, approval and publication.
PASSED AND APPROVED THIS 21ST DAY OF MARCH 1988
0
/r4r
MAYOR
ATTESTED:-
C TY LERK- TREASURER