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1196 - Ordinance - Decreasing Utility Businesses and Occupational TaxORDINANCE NO. 1196L/ AN ORDINANCE OF THE CITY OF PORT ORCHARD AMENDING SECTION 5 AND SECTION 6 of ORDINANCE NO. 962 AND ORDINANCE NO. 705 (Port Orchard Municipal Code 5.04.050 and 5.04.060) RELATIVE TO DECREASING OF THE UTILITY BUSINESS AND OCCUPATIONAL TAX UP014 THE BUSINESS OF SELLING OR FURNISHING ELECTRIC LIGHT AND POWER. THE CITY COUNCIL OF THE CITY OF PORT ORCHARD DOES ORDAIN AS FOLLOWS: Section 1. That Section 5 (Port Orchard Municipal Code 5.04.050) be amended to read as follows: Section 5 PAYMENT OF TAX. Effective November 1, 1982, the tax due under this chapter shall be paid quarterly during the year, to be based upon gross income received during each quarter ending Tlarch 31st, June 30th, September 30th and December 31st. The tax shall be an amount of six percent of the gross income from the business of the taxpayer in the City during the previous quarter, and shall be due within forty-five days after the end of the quarter. Section 2. That Section 6 (Port Orchard Municipal Code 5.04.060) be amended to read as follows: Section 6 LEVY OF TAX. There is levied an annual occupation tax, which shall be collected quarterly, against the persons, on account of the business activities, and in the amounts to be determined by the application of the rates against gross income, as follows: Upon every person engaged in or carrying on the business of selling or furnishing electric light and power, a fee or tax equal to six percent of the total gross income from such business in the city during his quarter next preceding the tax year for which the license is required. PASSED by the City Council and APPROVED by the Mayor this llth day of October, 1982. PAUL POWERS, JR., MAYOR ATTEST T � R. G. Lloyd, City C1 rk APPROVED- Af TO FORM: A