§ 15-12.1. Levy of sales tax.

Under the authority of the authorizing legislation, there is hereby levied a rate of one (1) percent tax on the gross receipts from the sale at retail within the County of all items which are subject to the Arkansas Gross Receipts Act of 1941, as amended (A.C.A. § 26-52-101, et seq.) and the imposition of an excise (or use) tax on the storage, use, distribution or other consumption within the county of tangible personal property subject to the Arkansas Compensating Tax Act of 1949, as amended (A.C.A. § 26-53-101, et seq.), at rate of one (1) percent of the sale price of the property or, in the case of leases or rentals, of the lease or rental price (collectively, the "sales and use tax"). Collections of the sales and use tax shall be divided among the County and the municipalities in the County based upon population in the unincorporated areas of the County and the population in each municipality. The sales and use tax shall be levied and collected for each single transaction as provided by State law (see Act 179 of 2007) and implementing regulations and other Acts and regulations amendatory thereto.

(Ord. No. 97-16, Art. 1, 6-13-97; Ord. No. 2007-67, Art. 1, 12-13-07)

Editor's note

Ord. No. 97-16, Art. 1, adopted June 13, 1997, did not specifically amend the Code; hence, inclusion herein as § 15-12.1 was at the discretion of the editor.