HomeMy WebLinkAboutOrd2004-004
Sponsored by: Shealy
Postponed until April 11, 2005 meeting
Failed
Introduction: November 22, 2004
Public Hearing: December 13, 2004
Enactment:
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CITY OF SEWARD, ALASKA
ORDINANCE 2004-04
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, REVISING SEWARD CITY CODE SECTION 5.35.045
(COMPUTATION - MAXIMUM TAX), INCREASING THE SALES TAX CAP
FROM $500 TO $1,000
WHEREAS, Seward City Code 5.35.035 provides authority for the imposition of sales tax and
requires that sales taxes be collected and remitted to the Kenai Peninsula Borough in accordance with AS
29.35.170 and Chapter 5.18 of the Kenai Peninsula Borough Code; and
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WHEREAS, Seward City Code 5.35.045 specifies the amount oftax to be applied on the first $500
of each separate sale, rent, or service transaction, with said amount being generally identified as the "sales
tax cap"; and
WHEREAS, neither the City of Seward, nor the Kenai Peninsula Borough have amended their
sales tax provisions to increase the maximum tax computation since the adoption of Kenai Peninsula
Borough Ordinance No.9 which had an effective date of July 1, 1965;
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WHEREAS, the equivalent value in today's dollars, of the 1965 tax cap of$500, is estimated at
approximately $1,801.70; and
WHEREAS, an increase in the maximum tax from the current $500 to $1,000 is estimated to
generate additional sales tax revenues of approximately $150,000.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA,
HEREBY ORDAINS that:
Section 1. Effective January 1, 2006, Seward City Code Section 5.35.045 is amended as
follows:
Strikeout = delete Bold = new
The tax shall be applied only to the first $500.00 $1,000.00 of each separate sale, rent or
service transaction. The payment of rent, whether for real or personal property, in
excess of$500.00 $1,000.00 and for more than one month shall be treated as several
separate transactions covering the rental for one month each. A transaction involving
payment for services or personal property to be rendered or delivered over a period of
more than one month for a consideration in excess of$500.00 $1,000.00 shall be treated
as several separate transactions occurring one each month over the period of time that
the service or property is rendered or delivered.
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Section 2. This ordinance shall take effect 30 days following its enactment.
CITY OF SEWARD, ALASKA
ORDINANCE 2004-04
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 11 th day
of April, 2005.
THE CITY OF SEWARD, ALASKA
AYES:
NOES:
ABSENT:
ABSTAIN:
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Vanta Shafer, Mayor
None
Branson, Valdatta, Amberg, Clark, Lorenz, Shafer
Dunham
None
ATTEST:
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