[Ord. 88-334 § 2]
This chapter shall be known and may be cited as the "Sales and
Service Tax Ordinance of the City of Davenport, Iowa." This chapter
is adopted in conjunction with the authority to establish a local
sales and service tax pursuant Chapter 422B, Code of Iowa.
[Ord. 88-334 § 3]
Any revenues from the local sales and service tax shall be allocated
60% for property tax relief and 40% for capital improvements. This
allocation shall remain fixed and shall not be changed except as provided
by state law or by other provisions of this chapter.
[Ord. 88-334, § 4]
Revenues allocated for capital improvements may be used to fund
other lawful purposes as critical needs arise. The Council may allocate
these revenues to other purposes by resolution upon a two-thirds majority
vote.
[Ord. 88-334, § 5]
After the local sales and service tax has been in effect for
five years, the City Administrator shall conduct a complete analysis
of the success of the program. The City Administrator shall report
the results of the analysis to the City Council along with recommendations
for the future handling of the program.
[Ord. 88-334 § 6]
This chapter is contingent upon the local sales and service
tax being established by a majority vote of the people as required
by state law. If the tax is not so established or if it is later changed
or repealed pursuant state law, then this chapter shall be null and
void and no longer in effect.
