HomeMy WebLinkAbout05342ORDINANCE NO. ;
AN ORDINANCE AMENDING CHAPTER 4, TITLE XIV OF THE 1971 CODE OF OR-
DINANCES RELATING TO SALES AND USE TAX; PROVIDING FOR A ONE -HALF
PERCENT SALES AND USE TAX RATE INCREASE; PROVIDING FOR THE
ESTABLISHMENT OF A SPECIAL FUND TO BE KNOWN AS "HUMAN AND DE-
VELOPMENT SERVICES FUND" PROVIDING FOR THE FUNDING OF HUMAN
SERVICE PROGRAMS; PROVIDING FOR THE ACQUISITION OPERATION AND
FUNDING OF SOLID WASTE DISPOSAL SITES AND FACILITIES; PROVIDING FOR
ECONOMIC DEVELOPMENT; PROVIDING FOR CAPITAL IMPROVEMENTS AND
CITY OPERATIONS; AND PROVIDING FOR PERIODIC ACCOUNTING; AND PRO-
VIDING FOR OTHER MATTERS RELATING THERETO.
BE IT ORDAINED BY THE PEOPLE OF PUEBLO, COLORADO, that:
(brackets indicate material deleted, underscoring indicates material added)
SECTION 1.
Section 85 of Chapter 4, Title XIV of the 1971 Code of Ordinances is hereby repealed and reenacted
with amendments to read as follows:
14 -4-85: SCHEDULE, TAX ADDED TO PRICE
(a) There is imposed upon all sales of commodities and services specified in Section 14 -4-61 a tax
at the rate of three percent (3 %) of the amount of the sale, to be computed in accordance with schedules
or systems approved by the Director of Finance. Said schedules or systems shall be designed so that
no such tax is charged on any sale of seventeen cents or less. -
(b) Notwithstanding the three percent (3 %) rate provisions of paragraph (a) of this section 14 -4 -85
(for the period January 1, 1985 through December 31, 1986,1 beginning January 1 1987 the rate of tax
imposed pursuant to this section shall be three and one -half percent (3 1 /2 %).
(c) Retailers shall add the tax imposed hereby or the average equivalent thereof to the sale price or
charge, showing such tax as a separate and distinct item, and when added such tax shall constitute
a part of such price or charge and shall be a debt from the consumer or user to the retailer until paid
and shall be recoverable at law in the same manner as other debts; except that any retailer selling malt,
vinous, or spirituous liquors by the drink may include in his sales price the tax levied under this section,
but no such retailer shall advertise or hold out to the public, in any manner, directly or indirectly, that
such tax is not included as part of the sales price to the consumer.
(d) The additional one -half percent sales and use tax imposed by Section 14 -4 -63 (a) and 14 -4 -85
(b) of this Chapter, together with interest thereon and penalties with respect thereof, shall, upon collec-
tion and receipt by the City, [be deposited and placed in a special fund to be known as "Sales and
Use Tax Capital Improvement Fund" to be used solely for capital improvement purposes at Pueblo
Memorial Airport including, without limitation, the aviation, commercial and industrial areas thereof] be
deposite and placed in a special fund to be known as "Human an Developmen Services Fund" which
spe cial fund shall be generally appropriated spent an acc ounted for as follows.
(i) Not less than Four Hundred Thirty Thousand Dollars ($43000000) or seventeen percent (17 %) of
.,._ ....e.. ;.I f„w.i nor annum whichever is Greater, shall be annually appropriated and spent for child