HomeMy WebLinkAbout1985-49 - Gross Receipt Taxes Imposed on UtilitiesBILL NO. 85-49
ORDINANCE N0.85-49
AN ORDINANCE TO MAINTAIN GROSS RECEIPT TAXES IMPOSED UPON THE
ELECTRIC, GAS, TELEPHONE, WATER AND CABLE T.V. COMPANIES.
WHEREAS, the General Assembly of the State of Missouri
enacted in its 1985 Session House Bill Number 200 repealing and
enacting a new Section 393.275 RSMo., and
WHEREAS, by authority of this law the City can maintain
gross receipt tax that it imposes upon the electric, gas,
telephone, water and cable t.v. companies, and
WHEREAS, the City has been notified by the Missouri Public
Service Commission under the authority of Section 393.275 RSMo.
that said corporation has received a tariff increase in excess
of 7 percent, and
WHEREAS, it is necessary for the continued operation of the
City that the municipal gross receipt tax upon said company be
maintained at its present rate.
NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMAN OF
THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
Section 1. That the City of Riverside, in order to
maintain its sources of revenge at its historical level, hereby
determines to maintain the 5 percent gross receipt tax
against the electric, gas, water, telephone and 3 percent
gross receipt tax against the cable t.v. companies.
Section 2. The City Clerk is hereby directed to send a
copy of this ordinance to the electric, gas, water, telephone
and cable t.v. company and to the Public Service Commission.
PASSED THIS 15th. DAY OF October , 1985.
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MAY
ATTEST:
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CITY C ERK
APPROVED THIS 15th DAY OF October , 1985.
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MAYO