Title
AN ORDINANCE AMENDING ORDINANCE NUMBER 17-2004-ORD TO EXTEND THE DURATION OF THE TEMPORARY, ADDITIONAL ONE PERCENT (1%) MUNICIPAL SALES AND USE TAX ON CERTAIN TYPES OF TRANSACTIONS OR ACTIVITIES.
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
This extension is to aline withthe ten year road construction plan.
SOURCE OF FUNDING:
Please provide the amount requested: ____________
Is this a budgeted item? Yes /No
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, Sections 11-51-200, et seq., Code of Alabama (1975), as amended, authorize and empower municipalities to levy a municipal sales and use taxes; and
WHEREAS, the City of Foley previously enacted Ordinance Number 946-06, which has now been codified as Sections 5-50, et seq. of the Code of the City of Foley, which levied certain municipal sales and use taxes; and
WHEREAS, certain of the City of Foley’s municipal sales and use tax rates levied by Ordinance Number 946-06 are lower than the comparable tax rates being charged by neighboring municipalities like Orange Beach, Elberta, Summerdale, and Gulf Shores; and
WHEREAS, the City Council previously adopted Ordinance Number 17-2004-ORD which temporarily added an additional one percent (1%) municipal sales and use tax on certain types of transactions; and
WHEREAS, Ordinance Number 17-2004-ORD contained a provision that it would automatically expire and be repealed on August 31, 2020; and
WHEREAS, the City Council has determined that extending the duration of the temporary additional 1% sales and use tax is necessary and is in the best interest of the public and in the best interest of the City; and
WHEREAS, the City Council desires to amend Ordinance Number 17-2004-ORD to change the date that it will automatically expire to become August 31, 2030.
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Foley as follows:
Sec. 1. That Ordinance Number 17-2004-ORD is hereby amended and modified to change the expiration date found in Section 9 of said ordinance to be 11:59 p.m. on August 31, 2030. For purposes of clarity, Ordinance Number 17-2004-ORD will now continue in full force and effect up until 11:59 p.m. on August 31, 2030, at which time it will automatically expire and terminate.
Sec. 2. That this ordinance will become effective immediately upon its publication as required by law.