City of Palmyra, MO Chapter 130 Taxation and Finance

Article I Sales Tax

Section 130.010 Sales Tax To Fund Local Parks.

[Ord. No. 1093-07-02 §§8 — 10, 1-18-2007]

A. The tax authorized herein is imposed upon all sellers for the privilege of engaging in the business of selling tangible personal property or rendering taxable services at retail to the extent and in the manner provided in Sections 144.010 to 144.525, RSMo., and the rules and regulations of Director of Revenue for the State of Missouri issued pursuant thereto. The tax authorized herein shall further apply to and is further hereby imposed upon all sellers and sales of unmetered water services, electricity, electrical current and natural, artificial or propane gas, wood, coal or home heating oil for domestic use. The term "domestic use" means that portion of metered water service, electricity, electrical current, natural, artificial or propane gas, wood, coal or home heating oil which an individual occupant of a residential premises uses for non-business, non-commercial or non- industrial purposes. Utility service through a single or master meter for residential apartments or condominiums, including service for common areas and facilities and vacant units, shall be deemed to be for domestic use.

B. All revenue received from the tax authorized herein shall be deposited in a special trust fund and shall be used to provide funding for local parks within the City of Palmyra, including the operation and maintenance of the Parks and Recreation Department, and all parks and recreational programs or facilities thereunder for so long as the tax shall remain in effect. Once the tax authorized herein is abolished or is terminated by any means, all funds remaining in the special trust fund shall be used solely for funding of local parks as provided herein.

C. Any funds in such special trust fund which are not needed for current expenditures may be invested by the City Council in accordance with applicable laws relating to the investment of other municipal funds. All expenditures of funds arising from the local parks sales tax fund shall be by an appropriation act to be enacted by the City Council of the City of Palmyra. Expenditures may be made from the fund for any local park function authorized hereunder or authorized by order adopted by the City Council of the City of Palmyra.

Section 130.015 Use Tax Imposed.

[Ord. No. 1146-12-05 §§1 — 2, 8-23-2012]

A. Pursuant to the authority granted by, and subject to, the provisions of Sections 144.600 through 144.761, RSMo., a use tax for general revenue purposes is imposed for the privilege of storing, using or consuming within the City any article of tangible personal property. This tax does not apply with respect to the storage, use or consumption of any article of tangible personal property purchased, produced or manufactured outside this State until the transportation of the article has finally come to rest within this City or until the article has become commingled with the general mass of property of this City.

B. The rate of the tax shall be one and three-quarters percent (1.75%). If any City sales tax is repealed or the rate thereof is reduced or raised by voter approval, the City use tax rate also shall be deemed to be repealed, reduced or raised by the same action repealing, reducing or raising the City sales tax.

Section 130.016 Retail Sales Tax on Adult-Use Marijuana.

[Ord. No. 1267-23-02,[1] 1-5-2023]

Pursuant to the provisions of Article XIV, Section 2.6.(5) of the Missouri Constitution, the City of Palmyra shall impose a Citywide sales tax of three percent (3%) on all tangible personal property retail sales of adult-use marijuana sold in the corporate limits of the City of Palmyra.

[1] Editor's Note: This tax was approved by a majority of the electorate April 4, 2023.

Article II Enhanced Enterprise Zone

Section 130.020 Establishment of Enhanced Enterprise Zone.

[Ord. No. 1144-12-03 §§1 — 6, 4-19-2012]

A. The City Council of the City of Palmyra, Missouri, in support of the Enhanced Enterprise Zone Program, hereby authorizes the establishment of incentives designed to promote investment and job creation in accordance with the State of Missouri guidelines.

B. All eligible business NAICS codes provided for under the Enhanced Enterprise Zone law in the State of Missouri shall be deemed eligible in the Palmyra Enhanced Enterprise Zone.

C. An eligible business, so defined, shall create and maintain at least two (2) full-time jobs, defined as at least thirty-five (35) hours per week per job, and meet the project investment requirements of the current State of Missouri Enhanced Enterprise Zone program rules.

D. All applicants shall make application to the State of Missouri Department of Economic Development and/or the local designated zone administrator using the current DED Project Information Sheet at least twenty (20) calendar days prior to the "in-service" date of the new project and creation of the new jobs.

E. Annually, each approved applicant shall provide an affidavit with supporting tax reporting information attesting to the continuation of the required number of new jobs necessary to qualify for the continuation of any real property tax abatement pertaining to the project.

F. Failure to maintain the minimum new job commitments as stated in the project application may result in the loss of the real property tax exemption and placement on the tax rolls at the discretion of the City Council of the City of Palmyra.