[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.
[1]
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]
A.
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.
B.
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.
C.
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.
