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HomeMy WebLinkAboutResolution No. 2005-03City of Kenai Suggested by: City Council RESOLUTION NO. 2005-03 A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA OPPOSING KENAI PENINSULA BOROUGH ORDINANCE 2004-36, AN ORDINANCE AMENDING KPB 5.18.430, SALES TAX COMPUTATION- MAXIMUM TAX, BY INCREASING IT FROM $500 TO $1000. WHEREAS, the Kenai Municipal Code 7.10.050 adopts the Borough Sales Tax Code by reference; and, WHEREAS, the primary reason a maximum taxable sale provision is in the sales tax code is to prevent the sales tax from being a competitive disadvantage to Borough businesses compared to their non-taxable competition from outside the Borough; and, WHEREAS, increasing the maximum taxable sale from $500 to $1,000 would increase the total tax on a $1,000 sale made inside the City from $25 to $50; and, WHEREAS, the sales tax on a $1,000 sale made outside the City but within the Borough would increase from $10 to $20, which would be $30 less than the same sale made in Kenai; and, WHEREAS, the difference in the sales tax on a $1,000 sale made in Anchorage or via the Intemet, compared to the same sale made within the City would increase to $50; and, WHEREAS, these changes in the amount of sales tax on individual sales of $1,000 or more could put businesses located in the City at a significant competitive disadvantage to their competition outside the City; and, WHEREAS, raising the maximum taxable sale from $500 to $1000 may have unintended impacts on sales tax revenues of the City of Kenai; and, WHEREAS, the City of Kenai encourages the Kenai Peninsula Borough to investigate other potential options of raising revenue. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that: Section 1' The City Council of the City of Kenai opposes Kenai Peninsula Borough Ordinance 2004-36, an Ordinance amending KPB 5.18.430, Sales Tax Computation- Maximum Tax, by increasing it from $500 to $1000. Section 2' That this resolution be sent to Gary Superman, the President of the Kenai Peninsula Borough Assembly through the Borough Clerk for consideration by the Assembly when Ordinance 2004-36 is heard. Resolution No. 2005-03 Page 2 PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this second day of February, 2005. PAT PORTER, MAYOR ATTEST: Carol L. Freas, City Clerk Approved by Finance' (9/21 / 2004) hl