There is hereby levied and imposed, in addition
to all other taxes and fees of every kind now imposed, a general retail
sales tax, at the rate of 1%, to provide revenue for the general fund.
The rate of the tax shall be added to the rate of the state retail
sales tax imposed by Chapter 6, Title 58.1, of the Code of Virginia
(Virginia Retail Sales and Use Tax Act) and shall be subject to all
the provisions of such chapter, and all amendments thereof and the
rules and regulations published with respect thereto, except that
the applicable brackets of prices shall be as prescribed in § 58.1-628
of the Code of Virginia for the combined tax and except that no discount
under § 58.1-622 of the Code of Virginia shall be allowed
on the tax levied by this section.
[1]
Editor's Note: The ordinance codified in this
section was enacted June 21, 1966, to take effect September 1, 1966,
a certified copy thereof, was forwarded by the City Clerk to the State
Tax Commissioner so as to be received by him within five days after
its adoption, thus complying with the provisions of Code of Virginia,
§ 58.1-606B(1).
Pursuant to the applicable provisions of § 58.1-3800
et seq. of the Code of Virginia, there is hereby imposed a City recordation
tax in an amount equal to 1/3 of the amount of the state recordation
tax collectible for the state on the first recordation of each taxable
instrument, provided that no tax shall be imposed under this section
upon the recordation of any instrument in which the state recordation
tax is $0.50 specifically, and provided further that where a deed
or other instrument conveys, covers or relates to property located
partly in the City and partly in another City or county, the tax imposed
under the authority of this section shall be computed only with respect
to the property located in the City.
[1]
Editor's Note: For statutory provisions relating
to authority of City Council to enact this section, see Code of Virginia,
§ 58.1-814; as to recordation taxes generally, see Code
of Virginia, § 58.1-801 et seq.
The Clerk of the Circuit Court of the City of Colonial Heights, collecting for the City the tax imposed under § 258-41, will pay such tax into the treasury of the City. For his services in collecting the tax imposed by such section, the Clerk shall be compensated by the City, out of the treasury of the City, in the amount of 5% of the City tax collected from the recordation of taxable instruments under such section recorded in his office.
[1]
Editor's Note: For statutory provisions relating
to this topic, see Code of Virginia, § 58.1-814.
