Copyrighted by the City of Springdale & Municipal Code Corporation, 1998.

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Sec. 2-146. Sales and use tax.

(a) Under the authority of the authorizing legislation, there is hereby levied a one percent tax on the gross receipts from the sale at retail within the city of all items which are subject to the Arkansas Gross Receipts Tax Act of 1941, as amended (A.C.A. § 26-52-101, et seq.), and the imposition of an excise (or use) tax on the storage, use or other consumption within the city of tangible personable property subject to the Arkansas Compensating Tax Act of 1949, as amended (A.C.A. § 26-53-101, et seq.), at a rate of one percent of the sale price of the property or, in the case of leases or rentals, of the lease or rental price (collectively, the "sales and use tax"). The sales and use tax shall be levied and collected for each single transaction as provided by state law (see Act 1273 of 2003, Act 179 of 2007, and implementing regulations and other Acts and regulations amendatory thereto).

(b) "Single transaction" shall mean any sale of tangible personal property or taxable service reflected on a single invoice, receipt, or statement for which an aggregate sales or use tax amount has been reported or remitted to the state for a single local taxing jurisdiction.

(c) There shall be a rebate of all city sales taxes collected in excess of $25.00 on any single transaction where provided by state law. The procedure to collect any rebate shall be as provided by state law.

(Ord. No. 2082, §§ 1, 2, 3-13-92; Ord. No. 4141, 12-11-07)

Editor's note--Ord. No. 4141, adopted Dec. 11, 2007, shall become effective Jan. 1, 2008, to be consistent with the amendment to Ark. Code Ann. § 26-75-319.

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