[Code 1974 §605.170; CC 1984 §27-161]
Pursuant to the authority granted by and subject to the provisions
of Sections 94.500 to 94.570, RSMo., a tax for general revenue purposes
is hereby 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 144.510, RSMo., and the rules and regulations of the State
Director of Revenue issued pursuant thereto. The rate of the tax shall
be one percent (1%) on the receipts from the sale at retail of all
tangible personal property or taxable services at retail within the
City, if such property and taxable services are subject to taxation
by the State under the provisions of Sections 144.010 to 144.510,
RSMo. The tax shall become effective as provided in Section 94.510(4),
RSMo., and shall be collected pursuant to the provisions of Sections
94.500 to 94.570, RSMo.
[CC 1984 §27-161.1; Ord. No. 7-26E §§1, 3, 8-16-1993]
A.
Pursuant
to the authority granted by and subject to the provisions of funding
capital improvement purposes is hereby 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 144.510, RSMo., and
the rules and regulations of the Director of Revenue issued pursuant
thereto. The rate of the tax shall be one-half of one percent (.5%)
on the receipts from the sale at retail of all tangible personal property
or taxable services at retail with the City of Farmington, if such
property and taxable services are subject to taxation by the State
of Missouri under the provisions of Sections 144.010 to 144.510, RSMo.
The tax shall become effective as provided in Subsection (5) of Section
94.577, RSMo., and shall terminate ten (10) years from and after the
date of becoming effective.
B.
All
revenue received by the City from the tax authorized under the provisions
of this Section shall be deposited in a special trust fund and shall
be used solely for capital improvements of the City, including the
operation and maintenance of capital improvements for so long as the
tax shall remain in effect. Once the tax authorized by the people
is terminated, all funds remaining in the special trust fund required
by this Section shall be used solely for the maintenance of the capital
improvements made with revenues raised by the tax authorized by Section
94.577, RSMo., and this Section.
[1]
Editor's Note: Former Section 140.140, Sales Tax on Residential
Utilities Imposed, which derived from CC 1984 §27-162; Ord. No. 3-28 §§1, 2, 9-17-1979; Ord. No. 7-26B §§1
— 2, 1-16-1989; Ord. No. 7-26D §§1, 2, 12-21-1992; Ord. No. 7-26G §§1,
2, 1-17-1994, was repealed 5-23-2022 by
Ord. No. 7-89.
