HomeMy WebLinkAboutORDINANCE 0267-1975-_... ... ... J.
,. '
CITY OF KENAI
ORDINANCE NO. 267-75
. '
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI
INCREASING THE PRESENT SALES TAX LEVY FROM ONE PERCENT TO
THREE PERCENT
BE IT ORDAINED by the Council of the City of Kenai, Alaska:
Section 1. Section 7-25 of the Code of the City of Kenai is hereby
amended to read as follows:
"SALES TAX LEVY
Section 7-25. (a) There is hereby levied a consumers' sales
tax of one percent on all retail sales, on all rents, and on a ll services made
or rendered within the City limits within the City of Kenai, measured by the
gross sales price of the seller.
(b) Effective October 1 , 197 5, there is hereby levied a consumers'
sales tax of an additional two percent on all retail sales, on all rents, and
on all servic.es made or rendered within th e City l imits within the City of Kenai ,
mcasm·ed by the gross sales price of the seller."
Section 2. Section 7-26 of the Code or' the City of Kenai is hereby
am ended to read as follows:
"OWNERSHIP OF MONIES
Section 7-26 . The three perce nt consumers' sales tax l evied
here in, ana' a ll sales taxes collected, are City of Ke nai monies, and the seller
is a t a ll times accountable to the City of Kenai for such monies."
Section 3. Section 7-27 of the Code of the City of Kenai is h ereby
amended to read as follows:
"DEDICATION
Section 7-27. (a) The revenues from the t ax collected under
Section 7-25 (a) are dedicated to retire the gener a l obligation bonds a uthori zed
at that c ertain special election held in t he City of Kenai on the 25th day of May,
1971. It is the intent of this d edication tha t the proceeds shall be used
exclusiv ely for the purposes of repaying, retiring or othe rwise discha rgin g
the City of the obligations of the bonded debt or obligation assumed pursuant
to the authorization of the special election.
(b) One-half of all revenues of the consumers' sale s t ax l evied by
Page One, ORDINA NCE NO. 267-75
f
i
··• ·"' ;
Section 7-25(b) is dedicated to be applied to the d ebt service fund, to enable
the City to me e t its cash restriction requirements a s provided for in various
bond ordinances.
(c) One-half of all revenues of the consume rs' s a les tax levie d
by Section 7-2 5 (b) is d e dicated to be applied against current operating expe nses."
Section 4 . Section 7-30(a) of the Code of the City of Kenai is
hereby amende d to read as follows :
"TAX SCHEDULE
Section 7-30 . (a) The tax to be adde d to the sale price, charge or
rental shall be in accordance with the following sche dule:
ATTEST:
Price
$0.01 -0.13
$0 .14 -0.46
$0.47 0.79
$0.80 -1.16
FIRST READING
CITY OF KE NAI
Tax
0.00
0.01
0.02
0.03"
SECOND READING ----9--=-~-.~----i--J"'""f_7.._S--____ _
EFFECTIVE DA TE _____ LO_ ..... d=-1)0""""'u..;;;;.:__;:/uo.-..·.__<,,_, _,_/~9-7.;-..-;;,..j;......_ __
Pa g·e Two, ORDINA N CE NO . 267-75