(a)
Pursuant to the provisions of the Local Sales and Use Tax Act, V.T.C.A., Tax Code ch. 321 (the Act), and the approval of a majority vote of its electorate on April 9, 1980, the city is authorized to impose a local sales and use tax for the benefit of the city in accordance with the provisions of the Act.
(b)
The sales tax imposed by the city pursuant to the authority as established in subsection (a) of this section is imposed at the rate of one percent on the receipts from the sale at retail of all taxable items within the city, which items are subject to taxation by the state under the provisions of the Limited Sales, Excise and Use Tax Act (V.T.C.A., Tax Code ch. 151), as enacted, and as heretofore or hereafter amended.
(1999 Code, sec. 82-1)