§ 15-31. General sales and use tax.

That under the authority of the County General Sales and Use Tax Act and subject to approval by the electors of the County as provided in Section 15-34, there is hereby levied the general sales and use tax at the rate of one-quarter (.25) of one (1) percent on the gross receipts from the sale at retail within the County of all items which are subject to the [State of] Arkansas Gross Receipts Act of 1941, as amended (A.C.A § 26-52-101 et seq.), and an excise (or use) tax on the storage, use, distribution or other consumption within the County of tangible personal property purchased, leased or rented from any retailer outside the State after the effective date of the general sales and use tax for storage, use, distribution or other consumption in the County at the rate of one-quarter (.25) of one (1) percent on the sale price of the property or, in the case of leases or rentals, on the lease or rental price, the rate of the use tax to correspond to the rate of the sales tax. The use tax portion of the general sales and use tax shall be collected according to the terms of the [State of] Arkansas Compensating Tax Act of 1949, as amended (A.C.A. § 26-53-101 et seq.). The general sales and use tax shall be levied and collected on each "single transaction" as provided by State law. The levy and collection of the general sales and use tax shall commence on and as of such date as provided in the County General Sales and Use Tax Act. Revenues resulting from the collection of the general sales and use tax shall be distributed solely to or at the direction of the County and shall not be divided among the County and the municipalities within the County.

(Ord. No. 2002-1, § 1, 1-10-02; Ord. No. 2007-67, Art. 1, 12-13-07)