title
AN ORDINANCE LEVYING A GROSS RECEIPT TAX, CREATING THE CITY OF JONESBORO ADVERTISING AND TRUST PROMOTION FUND, AND THE CITY OF JONESBORO ADVERTISING AND TOURIST PROMOTION COMMISSION, AND FOR OTHER PURPOSES
body
WHEREAS, Act 185 of 1965 amended by Act 123 of 1969 and Act 534 of 1971 authorizes Cities of the First Class to levy a one percent gross receipt tax upon the renting, leasing or otherwise furnishing of hotel and motel accommodations within the corporate limits of said cities, and to create a fund to be known as the City Advertising and Promotion Fund to be used exclusively for advertising and promoting the city, and to be managed by a City Advertising and Promotion Commission, and that
WHEREAS, the City of Jonesboro feels that it is in the best interest of the City to enact an ordinance implementing said act.
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Jonesboro, Arkansas:
Section 1: Definitions.
1. Gross Receipt Tax: A tax of one percent upon the gross receipts of gross proceeds from the renting, leasing or otherwise furnishing of motel or hotel accommodations in the City of Jonesboro, Arkansas.
2. Hotel or Motel Accommodations: The renting, leasing or otherwise furnishing of accommodations in hotels or motels upon a day to day basis or a week to week basis. Provided, however, that this shall not include the renting, leasing or furnishing of accommodations upon month to month tenancies or tenancies of a longer duration.
Section 2: GROSS RECEIPT TAX: From and after the passage and approval of this ordinance a tax in the sum of one percent shall be levied upon the gross receipts of gross proceeds upon the renting, leasing or otherwise the gross receipts or gross proceeds upon the renting, leasing or otherwise furnishing of hotel or motel accommodations for profit within the corporate limits of the City of Jonesboro, Arkansas. The tax herein levied shall be paid by the persons, firms or corporations liable therefore, and sha...
Click here for full text