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G-98-01-08-9A - 1/8/1998ORDINANCE NO. 0- 618- 0) Qg-q fl AN ORDINANCE ADOPTING AND LEVYING A SALES AND USE TAX AUTHORIZED BY VERNON'S ANN. CIV. ST., ARTICLE 5190.6, SECTION 4B, AS AMENDED; RESOLVING OTHER MATTERS INCIDENT AND RELATED THERETO; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council finds and determines that provision should be made for the imposition and levy of a sales and use tax authorized pursuant to the provisions of Vernon's Ann. Civ. St., Article 5190.6, Section 43, as amended (the "Act") and approved by voters at an election held August 9, 1997, Now Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: I. SECTION 1: There shall be and is hereby adopted and levied a sales and use tax within the City for the benefit of the Round Rock System Development Corporation (the "Corporation") at a rate of one-half of one percent on the sales of items at retail and a use tax at the same rate on the use, storage or other consumption within the City of tangible personal property purchased, rented from a retailer during such time as such tax is leased or effective within the City. Such tax shall be imposed, computed, administered, collected and remitted in accordance with V.T.C.A., Tax Code, Chapter 321, except as inconsistent with Section 43 of the Act. The effective date of the tax adopted and levied by this Ordinance and imposed by Section 4B of the Act is January 1, 1998, which is the first day the tax may be imposed after complying with the requirements of the Act and Section 321.102 of the Tax Code. K:\WPDOCS\ORDINANC\OR71218C.WPD/kah SECTION 2: In accordance with V.T.C.A., Tax Code, Section 321.405, the City Secretary has previously furnished the Comptroller of Public Accounts with the official results of the election held August 9, 1997 and the Comptroller has notified the City Secretary that such office is prepared for the administration of the tax. SECTION 3: It is officially found, determined, and declared that the meeting at which this Ordinance is adopted was open to the public and public notice of the time, place, and subject matter of the public business to be considered at such meeting, including this Ordinance, was given, all as required by V.T.C.A., Government Code, Chapter 551, as amended. SECTION 4: This Ordinance shall be in force and effect from and after its passage on the date shown below and it is so ordained. II. A. All ordinances, parts of ordinances, or resolutions in conflict herewith are expressly repealed. B. The invalidity of any section or provision of this ordinance shall not invalidate other sections or provisions thereof. C. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Ordinance was adopted was posted and that such meeting was open to the public as required by law at all times during which this Ordinance and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open 2 Meetings Act, Chapter 551, Texas Government Code, as amended, and the Act. READ and APPROVED on first reading this the / O day of aarYthi , 1997. READ, APPROVED and ADOPTED on second reading this the V -41 ---) day of CLIAnJAWitt, , 1998. Attest: •A/ jz VL E LAND, City Secretary ty of Round Rock, Texas 3 174/CHARLES CULPEP PER, Mayor City of Round Rock, Texas DATE: December 29, 1997 SUBJECT: City Council Meeting - January 8,1998 ITEM: 9.A. Consider an ordinance adopting and levying the Sales and Use Tax authorized by V.A.T. S., 5190.6, Section 4B. (Second Reading) STAFF RESOURCE PERSON: Steve Sheets STAFF RECOMMENDATION: This ordinance is the final step in the adoption of the sales tax for economic development for the transportation system. There have been no changes since the first reading of the ordinance.