[CC 1974 §105.010; Ord. No. 291 §2, 11-15-1977]
Commencing July 1, 1978, the fiscal year of Velda City shall be for a twelve (12) month period beginning July first (1st) and ending June thirtieth (30th) of the following calendar year and all future annual budgets for the City shall be prepared and approved accordingly; provided that in order to effectuate the change in fiscal years accomplished by this Article, the City shall operate on a special six (6) month budget for the period January 1, 1978 to June 30, 1978.
Note — Velda City levies a one percent (1%) sales tax in conjunction with St. Louis County under the authority of Sections 66.600 et seq., RSMo., 1994. The City is a Group "B" municipality for purposes of distribution of this tax in accordance with Section 66.620, RSMo., 1994.
[Ord. No. 484 §§1 — 3, 12-13-1995]
There is hereby imposed and levied a sales tax on one-half of one percent (0.5%) of the receipts from the sale at retail of all tangible personal property or taxable services at retail within Velda City, Missouri, for the purposes of funding capital improvements, including the operation and maintenance of capital improvements, as authorized under Section 94.890, RSMo.
Velda City, Missouri, hereby chooses and selects that the distribution of proceeds of the City's capital improvement sales tax received by the Missouri Collector of Revenue shall be in accord with the terms and provisions of "Option 2" of Section 94.890, RSMo., such that one hundred percent (100%) of the said sales tax collected shall be deposited in subaccount #2 of the "Municipal Capital Improvement Sales Tax Fund" established in accord with §1(5) of House Bill No. 607 and distributed to Velda City, Missouri, for the purpose of funding capital improvements, based on the percentage ratio that the population of the said City bears to the total population of all the municipalities choosing Option 2.
The City Clerk is hereby authorized and directed to provide the Missouri Director of Revenue a certified copy of this Article and such other documents, materials and information as may be necessary to carry out the collection, allocation and distribution of the tax provided herein.
[Ord. No. 589 §1, 4-12-2006]
The City of Velda City hereby determines that it will prohibit the provisions of Section 144.049, RSMo., 2003, from exempting sales of certain clothing, personal computers, certain computer software and school supplies that occur within the boundaries of said City during the first (1st) Friday in August and ending on the following Sunday from local sales taxes.