City of Breckenridge Hills, MO Taxation

[CC 1996 §140.010; Ord. No. 903 §§1 — 2, 5-16-1994]

There is hereby established a sales tax in the amount of one-fourth of one percent (.25%) on the receipts from the sale at retail of all tangible personal property or taxable services at retail within the City of Breckenridge Hills.

All revenue collected as a result of above tax shall be placed in the General Revenue Fund of the City of Breckenridge Hills.

Section 135.040 Capital Improvements Sales Tax.

[Ord. No. 991 §1, 8-16-1999; Ord. No. 995 §1, 11-22-1999]

There is hereby established a sales tax of one-half of one percent (0.5%) on the receipts from the sale at retail of all tangible personal property or taxable services at retail within the City of Breckenridge Hills for the purposes of funding capital improvements as authorized under Section 94.890, RSMo. On November 2, 1999, the voters of the City approved a sales tax of one-half of one percent (0.5%) for funding capital improvements pursuant to Section 94.890, RSMo.; and Section 94.890.4, RSMo., requires that following such voter approval, the City shall choose one (1) of the revenue retention and distribution options provided in said Statute.

The City chooses for the retention and distribution of municipal revenues raised from the imposition of the one-half of one percent (0.5%) capital improvements sales tax, as approved by the registered voters of the City on November 2, 1999, Option 1 as provided in Section 94.890.4, RSMo., to wit:

Eighty-five percent (85%) of the monies generated within the City shall be retained in an appropriate trust fund subaccount and shall be returned to the City as provided in Section 94.890.5(1), RSMo., and the remaining fifteen percent (15%) of such funds shall be retained in a separate trust fund subaccount and allocated among the participating municipalities as provided in Section 94.890.5(2), RSMo.

Section 135.045 Use Tax.

[Ord. No. 959 §§1 — 2, 1-13-1997]

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.

The rate of the tax shall be one and one-half percent (1½%). If any City sales tax is repealed or the rate thereof is reduced or raised by voter approval, the City use tax rate shall also be deemed to be repealed, reduced or raised by the same action repealing, reducing or raising the City sales tax.

Section 135.050 Classification for Tax Purposes.

[Ord. No. 1113 §1, 6-18-2007]

The City of Breckenridge Hills, Missouri, hereby elects to cease being part of the "Group A" cities for the purpose of sales tax distribution under Section 66.600 to 66.635, RSMo., and hereby elects to become a part of the "Group B" cities for the purpose of sales tax distribution under said Sections.